Assume you are a US company that exports computer and electronic products to Europe and expects to receive 500 million in revenue in 3 months time. Given the current environment related to COVID-19, you are concerned that you may be affected adversely and wish to reduce to the risk that your company is exposed to.

Irrespective of your answer above, assume you are using an option combination strategy to hedge your risk. Please use real data from CME group and provide the net cost of the hedge, the strike prices used, and the number of contracts required. Please show calculations where necessary. (300 words)