You have 5,000 shares of Amazon (AMZ) currently valued at $1,928.42 but your omniscient Bubbie Tzeitl (grandma) just had a dream that an Amazon delivery drone will into a flock of Bald Eagles causing a huge national backlash against the company. If you believe in her dark and horrible dream.

a. Describe how you could protect against a short-term decline in the stock price using a:

i. Call option

ii. Put option

iii. futures contract

b. Which method would you recommend? Why?