Suppose your portfolio mirrors S&P500 index and is valued currently at $1,000,000. The S&P 500 index is currently at 2,000. What action is needed to provide protection against the value of the portfolio falling below $950,000 in 6 months?
A) Buy 1,000 6-month S&P500 put options with strike price of 1800.
B) Buy 500 6-month S&P500 put options with strike price of 1800.
C) Buy 500 6-month S&P500 put options with strike price of 1900.
D) Buy 1,000 6-month S&P500 put options with strike price of 1900.