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Stock Current Price: $121.82 Intrinsic value: $112.47 Target Price: $117.00 A recommended option hedging strategy based on your 1 year target price. Assume you own

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Stock Current Price: $121.82 Intrinsic value: $112.47 Target Price: $117.00 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

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