Well, I regularly sell call or put spreads, but I have a strict stop loss policy. Also, since they're spreads, the worst case loss may be large but it's finite and known ahead of time. I generally do this on indices, not individual stocks. Major stock indices are less likely to have huge one day moves than individual stocks, so I'm not likely to get blown far past my stop. The big guys who sell options by the tens of thousands hedge with futures or the underlying, and have rigorous risk mangagement. They rarely blow up.
i am impressed with this dumb fuck in one thread says will sell otm puts on the index in another says all option sellers will blow up what's next pin head? it is quite evident you dont grasp the essential aspect of profitable trading. all trading products are negative sum, either short or long, options or futures, etc. the only way of achieving consistent profitability is through an edge, something that is far beyond your naive simplistic assertions.