Over time you purchased stock, as follows: Current (right now) Price Per Share 48.30 You are thinking about the future, and wonder if you should protect the value of your assets. Strategy \#1: Do Nothing Leave your portfolio as is. Hope the stock price doesn't drop. Strategy \#3: Partially insure Put options exist for the stock in your portfolio. You see the following data: You decide to buy puts, as follows: Note: you'll need to raise some money to buy these puts-pretend you can sell "pieces" of shares when doing so. Time goes by