Intinsic value: 56.22, current price= 55.10, target one year price = 70.83- this is the only information given. please help!

1) A recommended option hedging strategy based on your 1 year target price. Assume you own 1000 shares of the stock at the current market price. Select either a covered call strategy or a protective put strategy. Calculate the expected outcome in 1 year assuming the stock attains your 1 year price target. 2)A recommended Bull Call Spread or Bear Call Spread based on your 1 year price target. Calculate the expected outcome in 1 year assuming the stock attains your 1 year price target. Use 100 contracts for your option quantities. Show all steps.