Refer to the options chain below for a stock with a current price (S0) of $72.50

Option prices, T=1

X Call Put

87.50 4.98 17.39

85.00 5.64 15.63

82.50 6.37 13.93

80.00 7.19 12.33

77.50 8.09 10.80

75.00 9.09 9.37

72.50 10.19 8.05

70.00 11.39 6.82

67.50 12.70 5.71

65.00 14.12 4.70

62.50 15.65 3.80

60.00 17.30 3.03

57.50 19.05 2.35

Your client owns 110,000 shares of this stock. What would a position of protective puts with a strike price$7.5 out of the money cost to protect all of her stock?

Group of answer choices

885,500

995,500

517,000

790,900

110,000