Brittany purchased 100 shares of Apple at $19.15 seven months ago. Apple has moved up a lot and closed at $27.98 today, she decided to purchase a put option. Today, she bought a put option with exercise price at $26 and an expiration date on June 2021. The premium put for the option is $2.30

1. with her buying a put option on the stock she has already owned, what is the name of the investment strategy that she employed?

2. what is Brittany's expectation about the price movement of Apple? And discuss her purpose of engaging the strategy.

3. what is our profit/loss per share on this transaction if the stock price expiration is (1) $35, (2) $23, (3) $19