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An investor owns 600 shares of MSFT and is planning to use stock options in order to insure against the downside. How many contracts should

An investor owns 600 shares of MSFT and is planning to use stock options in order to insure against the downside. How many contracts should be purchased and what is the strategy that is used?

A. 6 call contracts, covered call

B. 6 put contracts, protective puts

C. 600 call contracts, covered call

D. 600 put contracts, protective puts

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