I think you mean 'selling puts' in that situation since selling (shorting) calls is a bearish activity. I would be happy to be holding a boat full of short calls in the event of a market meltdown since they would likely expire worthless.
How is that any dangerous than owning outright stocks? I am sure you can close your call positions any time to free your stocks. The only downfall of writing calls is potential upside where one may not be able to participate but if your goal is to generate 1-2% then one should care less if the stocks get assigned. In that case you would have also pocketed writing puts premium.
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