Buying the underlying instead of writing csp (in this example, an index, which only went up without ever touching the strike price of the put)
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To add, if you want to buy a stock badly
Sell ATM puts, or even ITM puts - pocket the premium and maybe even the stock 
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Is this a covered call? If yes, then do you use Fut or niftybees to cover it?
Classic mechanical wheeling.
DM me for that.
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For now using futures to cover it with 17400call. If we go down further then I will close futures and buy bees.
Buying bees, making honey, giving a sample to clients 
Basically if you want to buy a particular security but the current price seems a little expensive and rather than waiting for it to come down, you sell 1 lot put option but without leverage i.e. the lot size of nifty option is 50 and current value of nifty is 17000, so only sell 1 put option contract if you want to buy niftybees worth of 8,50,000. Otherwise it’s a leveragrd trade and is risky.
Mainly people do cash secured puts to generate income in good stocks and indices until they fall to their desired level.
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How many lots of puts you sell with a capital of 1 cr?
I think it depends on the instrument you are buying, expiry and premium 
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He said he do it primarily in indexes, nifty premiums for far otm options are not much, 20% per annum is possible with some active managing provided a crash doesn’t happen, and if it does losses will be equivalent to if you had invested in nifty.
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It depends on my existing positions. If I am not having any other ITM positions then max I would sell is 200qty of nifty put.