Take2d2, I don�t think flyer ever said there was Zero risk. He did say it was free money and he also said the bank thing but he also qualified it in many of his posts by saying that it was "technically more risky" or dangerous or something like that. He also said "IMO" many times so I don't see where your coming from.
Also, his posts have all given many examples of why it's a good trade so can you come up with why it's not? I understand that if the stock goes to zero you could be screwed unless you buy the puts back after some preset acceptable loss point but if I buy the stock itself I am at risk of the same thing. Can you justify your belief or was flyer right when he inferred that it's just over your head?
Since I have decided to sell those puts myself I would seriously like to see a response. Thanks