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4 pts > Question 14 Question A14-Als are based on the information below On May...

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4 pts > Question 14 Question A14-Als are based on the information below On May 15, 2019 at 10a.m. a stock traded at $80 per share (S). At that early date, call and put options with different strike prices and one-year maturities were available all with the same expiration dates. Their prices were as shown below. (Assume that the quoted call/option prices did not change during that day's trading.) Per Share Put Strike Price Cost Per Share Call Cost $87.5 $9.75 $0.70 $85 $6.95 $1.05 $82.5 $3.50 $1.25 $80 $0.12 $1.50 A14. On May 15, 2019 at 10.15 a.m., I bought 7 million shares of the stock at $85 per share, and since I was scared that things might go wrong. I hedged my position at the same time. One year later, the stock, Strades at $70 per share. How could I have best protected hedged) my stock position over the last year? a) By buying call options with strike prices (X) of $80. (b) By buying put options with strike prices (X) of $80. (c) By buying put options with strike prices (X) of $95. Id By buying put options with strike prices (X) of $85 le By buying call options with strike prices (X) of $95

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