Choose one of the stocks you hold in your portfolio and discuss the following use of options: Use NVIDIA for the stock choice

If you were to hedge this long position against a drop in price over the next $6$ months, how would you do it using puts and using calls?

If you thought this stock is headed for a fast appreciation of $$300$ per share over the next $3$ weeks but may experience a sharp drop thereafter, how would you hedge that position? Explain your response thoroughly.