You recently wrote a recommendation to your friend outlying the ten stocks you would suggest they pick to create a diversified portfolio with the goal of eliminating unsystematic risk. Your friend now wants advice on reducing his exposure to systematic risk. In 2 pages:

• Explain how options would achieve that goal.
• Describe the concepts of options.
• Be sure to develop a strategy using options to mitigate risk.

https://www.fidelity.com/viewpoints/active-trader/call-or-put-option

that website explains the call or put option, if your tutor needs it