Utilize your financial knowledge, give your answer or opinion to the input question or subject . Answer format is not limited.

Is selling put options an advisable strategy for a retiree to generate stable income?
No.  In good years, the income seems free. In a down year, particularly a bad one, the investor will be subject to large losses that will prove the strategy a bad one.  On the other hand, one often hears of the strategy of selling puts on stock you would like to own. If the stock rises, you keep the premium, if it drops, you own it at a bit of a discount from that starting point.