Calculate the profit if using put options to hedge. You will not be holding the options until expiration. Instead, you will terminate the hedge (i.e. reverse the option trades) at a time when the options still have a few months left before expiration. Hedge termination Hedging with puts To | % Gain or Loss olio valu 174 175 155 175 10.9 t exercise pric me to expiration 0.8 0.3 sk-free rate 2.000 2.000 multiplier olio beta vs. index premium t delta ratio r of puts to buy Pr value t premium quantity *multiplier Which hedge did a better job of protecting against a decline in the value of your portfolio? Calculate the profit if using put options to hedge. You will not be holding the options until expiration. Instead, you will terminate the hedge (i.e. reverse the option trades) at a time when the options still have a few months left before expiration. Hedge termination Hedging with puts To | % Gain or Loss olio valu 174 175 155 175 10.9 t exercise pric me to expiration 0.8 0.3 sk-free rate 2.000 2.000 multiplier olio beta vs. index premium t delta ratio r of puts to buy Pr value t premium quantity *multiplier Which hedge did a better job of protecting against a decline in the value of your portfolio