ok guys, a purely theoretical exercise here. If you had to choose a stock to sell puts what would it be?
sell puts on a stock you want to own... if you don't want to own the stock, you need some kind of leverage if it goes wrong. what you can do is buy puts below the strike price of the ones you sold, limiting your risk. IE, if you write intc DEC 15 puts, you can buy DEC 10 puts. If intel goes to $0 (yeah, sure), your maximum loss is $5 per share.
I like intel wrote a bunch of INTC 13 puts a while back, they will be expiring worthless to the buyers this november. But for the first time put writer keep it safe, SPY puts are good to write and the premiums are pretty good. you can write a few points OTM and collect. Lots of liquidity and volume with SPY.
I would not recommend put selling on Airlines period. Or options writing period on airlines. That would be like underwriting fire insurance to kleptomaniacs. I would not recommend Naked Call writing period unless you really really have an understanding of risk and really know the underlying well.