Your friend Joe needs your advice: Joe owns a large, international equities portfolio. Joe believes that a recent rally in global stock markets was a little bit too good to be trusted" and wonders how he could temporarily hedge downside risks. Although he is well- versed around stocks, Joe knows little to nothing about derivatives. He wonders if you can advise him on the best hedging strategy. Specifically, Joe is undecided whether to hedge using futures-or options contracts. Please evaluate the two alternatives. Begin your answer with a brief explanation of the similarities and differences between options and futures