Assume that you anticipate the stock in your portfolio will experience a significant decline within the next three months. Research and describe two option strategies that you could potentially take advantage of to protect your portfolio's value. Be sure to show the calculations that demonstrate how you will protect your portfolio's value.

This is my portfolio and the information I have so far:

The portfolio consists of stock investment in Verizon Wireless which falls under the Communication Services sector. Verizon Wireless uses ticker VZ.Each share was purchased at $58.20, and the total cost of 100 shares of Verizon was $5,820.

The HCA Healthcare Inc. corporate bond has a maturity date of 2/15/2021 and offers a coupon of 6.2500%. The payment of the coupon will take place 2,0 times per biannual on the 15.08. The price when purchased was $105.622 and equals the annual yield of 1.99% (markets.businessinsider).

"Mutual funds are investment strategies that allow you to pool your money together with other investors to purchase a collection of stocks, bonds, or other securities that might be difficult to recreate on your own" (Fidelity Learning Center). The FXAIX - Fidelity 500 Index Fund was purchased at $116.01.

"A call option gives the holder the right to buy a stock at a certain price by a certain date" (Colarusso,2000). The Facebook option was purchased at $18.93 per call, making one hundred calls a total of $1,893, and the expiration date is 09/18/2020 (finance.yahoo.com).