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There is no difference in payoff of Covered Call or Short Put. 
✓Covered call basically portfolio/investment hedge strategy.
✓If u hv long stock then u can manage it for extra credit without any cost. By pledge script.
✓Short put basically trading strategy when u r bullish on stocks/index.
✓If u hv long stock then u can manage it for extra credit without any cost. By pledge script.
✓Short put basically trading strategy when u r bullish on stocks/index.
✓Covered call need extra margin but short put can be done with quite gud margin facility,
✓u can hedge with far otm put then margin too low.
✓u can hedge with far otm put then margin too low.
