On 30 January 2023, you receive news that highlights instability in the global banking sector and believe there is significant downside risk which may impact your Australian banking stock(s). However, in this environment you believe there will be a flight to safe assets such as gold, and are therefore bullish on your gold stock(s). Devise a strategy that has the following objectives listed below and provide a detailed description of all your transactions and consider all costs. i. Protect the portfolio from adverse movements in the banking stock(s), by using an appropriate options strategy (where the option is held to maturity) from 30/01/2023 (start date) to 18/05/2023 (close out date); and ii. Protect the portfolio from a market downturn whilst maintaining the full exposure to the unsystematic risk in your gold stock(s) from 30/01/2023 (start date) to 18/05/2023 (close out date) (hint: consider the use of a futures contract.

calculate for Bank of Queensland