Here were my positions yesterday. I got hit up on AAPL/TSLA which were being held from a day earlier. However, during the market this is what I did:

executed: BTO SPY 2020-Sep-09 340 Put @ 2.39 DAY executed: BTO SPY 2020-Sep-09 340 Put @ 2.72 DAY executed: STC SPY 2020-Sep-09 340 Put @ 2.90 DAY

At peak it was 40%, but I just needed the 10% to make up all my losses. Then I got onto calls:

executed: BTO SPY 2020-Sep-09 350 Call @ 1.82 DAY

Were up 25% today but I held them as the market is still strong.

Are your Puts naked?

Long puts don't need collateral. Since he said "BTO" instead of "STO", naked or not is not applicable.

BTO = Buy to Open (open the position)

STO = Sell to Open

When selling calls, you want to hold the underlying, else you're naked. When selling puts your coverage is cash