Tom had a tip that High-Flying Toys was going to have a steep price rise. He is trying to take advantage of the rise to help pay for his son Billys first year at college. Two months ago he bought 100 shares at $50.00 per share. The price has since increased to $90.00, but to completely pay for the first semester it has to go to $100 before tuition is due. While he has faith in the stock tip that told him it would break $105.00, Tom is afraid the price might drop in the meantime.

A. How might Tom use options to secure his profits from the rise in the asset price?