Which is a better strategy

I already have 1 lot of a Stock a significantly lower price than what is trading .

  1. Should I go for a covered call alone

or

  1. ATM Put + Covered call .

What are the cons of second strategy ? What would be the charges incurred , assuming the price trades below the strike at the end of month ?

Thanks

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In the second strategy, are you planning to buy or sell ATM Put?