Quick income ideas on MSFT & IBM

Just quick thoughts on two stocks' options, which I may use for future reference for something I'm working on.

I think MSFT has shown good valuation at the current price (closed at $32 today) and if you know how to write naked puts, you may make a quick $120 within days (by Friday this week) per 10 contracts. Here is the quote today for this put, expired on Jul 26 (Friday). If MSFT stays at or above $31.50 at close this Friday,  the puts will be worthless, i.e. those writing the naked puts will get the full profits at around $120 per 10 contract. Let's see on Friday. Otherwise, you can buy this already depressed MSFT at a more discount price at around $31.38 (another 2% discount from its current price)

MSFT Jul 26 '13 $31.50 Put

Bid (Size) 0.12 (100)	Ask (Size) 0.13 (975)

The other stock is IBM. Again a great value stock at this price (closed at $194 today). If you write its naked puts at $195 expired on Friday next week (Aug 2), you either get free money for about $260 per contract (100 shares) in 10 days if IBM goes above $195 at closing on Aug 2 or get to buy IBM at a discount around $192.4. IBM Aug 02 '13 $195 Put Bid (Size) 2.62 (31)    Ask (Size)    2.70 (40) Closing Price 7/22/13 3:33:00 PM ET