The OP didn't give a final update. Keep an eye on your long call trade into expiry. Even if they are OTM you might be better off selling-to-close. The risk can be more than the debit you paid for them.
the answer for a trader with a long position is find out the latest time you can send a do not exercise notice. the answer for someone with a short position is to close your position even if you have to pay up.
Writing naked option is bad if you have no knowledge or opinion of the direction of the underlying. Blindly and mechanically writing and using leverage will get you in trouble eventually. Been there done that. I mechanically wrote options for six months made hundreds of trades and essentially netted me nothing. And that was during a relatively quiet period. Sounded like you traded with keen knowledge and great understanding and perhaps that is why you were able to profit handsomely writing. As Pekelo said, please share with us how you do it. I am ready to take lessons from you. Welcome to ET.
It isn't that bad until it is. I think that complacency may be a problem with repeated success. Theoretically, many trading strategies work well, but the human factor is often where the screw up is.
Not exactly. For example the blue chip stock is close to 52 week low, the put strike price is below with good premium, oversold, ex-dividend date is approaching and you want to own the stock for whatever reason. When they all line up, selling an otm put option maybe the way to go. Safer than buying the stock.
Nope. A CC isn't the same risk as a naked put writing. Stock drops 50%, you lose less than 50% with CC and you lose like 5-1000% with naked options... Not even close...