CONFIG_PROTECTED_VIRTUALIZATION_GUEST is not available for thedefaultarchitecture x86.
Result is shown for architecture s390

Protected virtualization guest support

configname: CONFIG_PROTECTED_VIRTUALIZATION_GUEST

Linux Kernel Configuration
└─>Virtualization
└─>Protected virtualization guest support
In linux kernel since version 5.1 (release Date: 2019-05-05)  
Select this option, if you want to be able to run this
kernel as a protected virtualization KVM guest.
Protected virtualization capable machines have a mini hypervisor
located at machine level (an ultravisor). With help of the
Ultravisor, KVM will be able to run "protected" VMs, special
VMs whose memory and management data are unavailable to KVM.