On February $2024$ John bought $100$ shares of ABC Inc. at $$128.$ He wants though to protect his investment so that by May $2024$ his investment

won$$t go below $$13,000.$ He is toying with the idea of requesting either a Stop Loss order to protect his downside at that level. Using the Options

Market to protect this floor $($$$13,000),$ what will you recommend John do to protect his investment for the next $3$ months. To be fully protected John

executes a protective put strategy.

If the stock goes up to $$158,$ please calculate John's profit and holding period rate of return $($HPR$)$ since his purchase including the cost of the

option contract he entered.

Profit$/$Loss $

HPR$\%$