1. Suppose that you have 2,000 HTT stocks at $25 per share. If you plan to sell them in a month, how can you hedge your position against the price risk? Explain using a proper option position. 2. You sell three futures contracts at a futures price of $20 per unit. One contract has 300 units. The initial margin is 10% of the total value of your contracts and the maintenance margin is 75% of the initial margin. a) How much are the initial margin and the maintenance margin respectively? b) The settlement price at the end of the following day is $19.20. Find your gain or loss. c) At what price will you get a margin call