Please provide the answer within 1 hour.

1). Darling Downs Investors Ltd (DDI) runs a portfolio whose performance is like the performance of the Australian share market as measured by the S&P/ASX 200 index. DDI would like some protection against a possible near-term market collapse but would like to avoid incurring the transaction costs of selling the holdings in the portfolio and then buying them back in the future. You may assume the following:

today is 1 October

a futures contract is available today at an index value of 5200

the value of each index point is $25

this futures contract will expire in late December

your planning horizon is approximately late December

Your task is to outline the steps DDI could take in the futures market to provide protection to the portfolio.