Please write clearly or use the computer to type the answer so that I can see it clearly, thank you!!!

Jaden is a portfolio manager. He just bought this stock at a price of $1,300 per share, which he thinks is promising. In order to prevent losses, Jaden plans to purchase an at-the-money Asian put option on the stock at a price of $70, with a strike price of $1,300 and an expiration time of three months. Alternatively, since Jaden thinks he may have spent too much money on this put option, he can also buy a three-month put option with a strike price of $1,270, which only costs $55.

Analyze the two hedging strategies by drawing the profit diagrams for the stock-plus-put positions for various values of the stock in three months.