derivative instruments : Long put option (cap), Strip of long put options, Long BAB futures, Short BAB futures, Long TYB futures, Short TYB futures, 3 x 6 FRA, 6 x 12 FRA, Interest rate swap

The company will be borrowing regular amounts over the next fiscal year, which hedging strategy that protects against rising interest rates but also retains the benefit of lower cost borrowing should interest rates fall.

which one do you recommend?