Q$12.$ A trader writes a covered call on a stock trading at $$30.$ Assuming the trader uses a $$35$ strike trading at $$2$ and the stock settles at $$37$ at option expiry.

Q$12$a$.$ Calculate the maximum gain from writing a covered call? $[1$ Mark$]$

Q$21$a$.$ Calculate the maximum loss from writing a covered call? $[1$ Mark$]$

Q$12$c$.$ Estimate the stock price at maturity for the trader to end up with zero prot? $[1$ Mark$]$