Explain how to build an covered call and covered put, what are the purposes of a covered call and covered put strategy? Build a real life Covered call and covered put for an American stock of your choice, pull the options contracts and paste them on the answer. Please explain each part of it, what the credit or debit will be for the transaction, include every detail of each option contract you will use to build the Covered call and covered put trades. These are two separate trades