You sold short 100 shares of COTY stock some time ago at $35 per share. It is currently trading at $11 per share. You are willing to cover your purchase (buy back the shares) at $10 per share. What kind of option position you could take that would allow you to realize a capital gain if COTY falls and stays below $10 per share over the next month or collect an option premium and retain your short position if COTY stock increases to $12 per share in one month? Assume the cost of your option is $1 per contract. What is option position?