Need help with the answer but also explaining how you got it too please.

ABC Merge uit References Mailings Review View Help Rules > > Mitch Fields Find Recipient Highlight Address Greeting Insert Merge PW Finish Merge Fields Block Line Field Pupdate Labels Results Check for Eros Write & Insert Fields Preview Results Finish 4. Following are the option prices for calls and puts for AAPL with June 16, 2017 expiration date, Suppose that you currently have $5,000 in cash and own 200 Apple stocks. Since you are concerned about AAPL's potential price decrease due to increased competition from Google and Samsung, you would like to use option to protect your AAPL shares. However, you plan to keep AAPL long term and as such do not want to sell the stocks. What type of options would you trade and why? If the strike is $150, how many contracts would you be able to trade? What is the total premium paid and/or received? ? Calls & Puts Calls Expand All Collapse All Pos. Bid / Bid Size 5.30 339 4.55 824 2.95 60 AK Ask Size 5.40 208 4.65 186 2.98 40 Puts In the Money Near the Money Near the Money Out of the Money Jun 16, 2017 23 iyuntil expiration Volume/ Change Strike Price Open Int % Change Pos Expilation 15 -0.53 149.00 61 (9.06) Jun 16, 2017 2,479 -0.40 150.00 60,169 7.84) Jan 16, 2017 1.537 -0.47 152.50 764 (13.62% Jun 16, 2017 153.2144 Underlying Last Price 15,433 -0.38 155.00 83,830 (17.76) Jun 16 2017 3.959 -0.25 157.50 1,140 (20.3390 Jun 16, 2017 6,907 -0.15 160.00 35,933 (22.0676 16 2017 Bid / Bid Size 1.00 308 1.24 240 2.10 204 Ask/ Ask Size 1.02 107 1.26 59 2.13 55 Volume/ Open Int 440 1,101 2.123 30,962 1,752 1,239 1.75 38 0.96 118 0.51 76 1.77 100 0.90 116 0.52 73 3.40 5 5.10 87 7.15 80 3.45 453 5.15 65 7.25 50 1,618 20,691 51 202 55 2199 Display Settings Focus al 2 N 18 + 1 prt sc delet % & 11 ABC Merge uit References Mailings Review View Help Rules > > Mitch Fields Find Recipient Highlight Address Greeting Insert Merge PW Finish Merge Fields Block Line Field Pupdate Labels Results Check for Eros Write & Insert Fields Preview Results Finish 4. Following are the option prices for calls and puts for AAPL with June 16, 2017 expiration date, Suppose that you currently have $5,000 in cash and own 200 Apple stocks. Since you are concerned about AAPL's potential price decrease due to increased competition from Google and Samsung, you would like to use option to protect your AAPL shares. However, you plan to keep AAPL long term and as such do not want to sell the stocks. What type of options would you trade and why? If the strike is $150, how many contracts would you be able to trade? What is the total premium paid and/or received? ? Calls & Puts Calls Expand All Collapse All Pos. Bid / Bid Size 5.30 339 4.55 824 2.95 60 AK Ask Size 5.40 208 4.65 186 2.98 40 Puts In the Money Near the Money Near the Money Out of the Money Jun 16, 2017 23 iyuntil expiration Volume/ Change Strike Price Open Int % Change Pos Expilation 15 -0.53 149.00 61 (9.06) Jun 16, 2017 2,479 -0.40 150.00 60,169 7.84) Jan 16, 2017 1.537 -0.47 152.50 764 (13.62% Jun 16, 2017 153.2144 Underlying Last Price 15,433 -0.38 155.00 83,830 (17.76) Jun 16 2017 3.959 -0.25 157.50 1,140 (20.3390 Jun 16, 2017 6,907 -0.15 160.00 35,933 (22.0676 16 2017 Bid / Bid Size 1.00 308 1.24 240 2.10 204 Ask/ Ask Size 1.02 107 1.26 59 2.13 55 Volume/ Open Int 440 1,101 2.123 30,962 1,752 1,239 1.75 38 0.96 118 0.51 76 1.77 100 0.90 116 0.52 73 3.40 5 5.10 87 7.15 80 3.45 453 5.15 65 7.25 50 1,618 20,691 51 202 55 2199 Display Settings Focus al 2 N 18 + 1 prt sc delet % & 11