Facts: If shit happens none of them are safer than the other. Stock+ covered Call will need more commission to initiate and close. CSP is just one transaction. When interest rates are high (like 5% instead of 0%) CSP gets more advantage since many good brokers pay you interest for the money that you have in your account and not used it to buy the stock (as is the case in stock plus covered call). If you sell in the money call and the stock pays good dividend, your shares might get called away if not much time value is left and you might not get the dividend that you planned to get.