Suppose the stock price for abc at 11 December 2020 is $9.35, the volatility is 0.21 ,the time to maturity is 1 year and the strike prices are K2:9.35, K1:7,74 Suppose you have a long position in the stock. How would you hedge against price declines for a year period, using puts,calls and combinations of options? Device two different option strategies, using puts, calls and combinations of options? Please answer it in detailed