Suppose that JPMorgan Chase sells call options on $1.80 million worth of a stock portfolio with beta = 2.15. The option delta is 0.54. It wishes to hedge its resultant exposure to a market advance by buying a market-index portfolio Suppose it use market index puts to hedge its exposure. The index of current prices represents $1,000 worth of stock a. How many dollars worth of the market index portfolio should it purchase to hedge its position? Marketindek portfolio b. What is the delta oto put option? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) c. Complete the following (Negative amount should be indicated by a minus sign.) put contracts Assuming the peront market move Morgan should Suppose that JPMorgan Chase sells call options on $1.80 million worth of a stock portfolio with beta = 2.15. The option delta is 0.54. It wishes to hedge its resultant exposure to a market advance by buying a market-index portfolio Suppose it use market index puts to hedge its exposure. The index of current prices represents $1,000 worth of stock a. How many dollars worth of the market index portfolio should it purchase to hedge its position? Marketindek portfolio b. What is the delta oto put option? (Round your answer to 2 decimal places. Negative amount should be indicated by a minus sign.) c. Complete the following (Negative amount should be indicated by a minus sign.) put contracts Assuming the peront market move Morgan should