Hi, if you decide that you want to have an exposure to the underlying by using a covered call, which considerations do you take into account when deciding to use a covered call and not shorting a cash secured put (which gives the same payout ratio)? I know they are similar strategies but I am sure there should be some parameters that can help to indicate which strategy is preferrable. For example, if the stock is at 50, and the price of both the calls and the puts regarding the 50 strike is 1.00, what would you do -- a covered call or a short put? Any response will be appreciated. Thanks!