Comparison
Covered call vs cash-secured put
Covered calls and cash-secured puts can have similar stock-linked economics, but the starting position and obligation are different.
Covered callOwn shares and sell a call; assignment can require delivering shares.
Cash-secured putHold cash and sell a put; assignment can require buying shares.
Shared themePremium is limited; adverse stock movement can still dominate the outcome.
Planning questionWould you rather risk losing shares at the strike or buying shares at the strike?
Both require liquidity checks, sizing discipline, and a plan for assignment.
Primary reading: OIC covered call strategy overview · OIC options pricing overview · FINRA options overview · Investor.gov options overview · OCC options disclosure document