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You bought Tesla stock at $550 per share. You bought 100 shares. You are considering a covered call and a protective put. Answer the question

You bought Tesla stock at $550 per share. You bought 100 shares. You are considering a covered call and a protective put. Answer the question for both. Use this link for the options premium information. https://finance.yahoo.com/quote/TSLA/options?p=TSLA

a. You do a covered call and sell a call on TSLA using a strike price of $600 with a December 17th, 2021 expiration. What is your maximum loss and maximum gain?

b. You do a protective put and buy a put option on TSLA using a strike price of $600 with a December 17th, 2021 expiration. What is your maximum loss and maximum gain?

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