Pekelo-I have no evidence that a short naked ATM put or a covered call, which is similar, is a better way to take advantage of the desire to be long a stock I have chosen will outperform the market. Then, if I take any stock after the fact that had great upside momentum and then backtest any long strategy, it will look good. I'm not a fan of stock picking then executing a short put to take advantage of that opinion. When I'm right I make very little and when wrong, I lose a lot.