Yes, good points all. Thanks for flushing it out. Naked call activity is something I avoid like the plague.
Orange didn't mention any hedging or using any spreads, and at best he would have limited his losses.
He said he was making money selling naked calls.
Not impossible. But if he had this kind of talent he wouldn't be here, making his mindless 20 posts a day. And he wouldn't have been playing the tiny dips. He would have recognized the big moves up and made retirement income.