Tesla stock is currently trading at $650 and you are a strategic shareholder with a 5% stake in the company. You do not want to sell any shares, yet you are concerned about the immediate price action in the stock and you think it might take a big hit. You call your bank and agree to purchase a 3-month Put Option (i.e. a protective Put) with a strike of $625 at a cost of $55 per option. Below what share price will you be better off with this Put compared to the scenario where you do nothing, i.e. do not purchase a protective Put today? $650 $595 $570 O $625