Offer your thoughts or opinion on the input financial query or topic using your financial background.

Is selling put options an advisable strategy for a retiree to generate stable income?
As you move toward retirement, your portfolio is supposed to move toward low risk, stable investments, more bonds, less stocks, etc.  Your question implies that you want to increase your income, most likely because your income is not satisfying your desires. First, any idea that you have that risks your savings, just eliminate it.  You are not able to replace those savings.  The time for those kind of plays has passed. However, you can improve your situation.  Do random odd jobs.  Find a part time job that you're willing to do for 10 hours a week or something.  Keep this money separate from your retirement savings.  Research the stock trades you would like to make and use that 'extra' money to play in the market.  Set a rule that you do not touch your nest egg for trading.  You may find that being retired gives you the time to do the #1 thing that helps investors make good investments -- research. Then when you make your first million doing this, write a book.  If you call it Retire - And Then Get Rich, I expect royalties and a dedication.