(a) Bursa Malaysia Derivative is the only exchange to list derivatives products in Malaysia. Among all the products, which one is the most traded? What is the rationale behind it?  

(b) Assume that you are the retail investor in Malaysian stock market and your portfolio value grows up to RM250,000. The global stock market faces greater volatility as the result from the cool war between China-US and the pandemic of Covid-19, discuss the best strategy to use in order to protect the risk. Relate your discussion with the products under Bursa Malaysia Derivative.