Question $20(1$ point$)$

You own $100$ shares in ABC Corp, with each share valued at $$100.$ You believe that the price of your shares will increase in the long$-$term future. However, you want to hedge against the risk of an unexpected price decline in the near future, what trading strategy should you choose?

Purchase call option.

Write covered call.

Write put options.

Write protective put.

Purchase protective put.