Suppose your portfolio mirrors Samp;P500 index and is valued currently at $1,000,000. The Samp;P 500 index is currently at 2,000.

Suppose your portfolio mirrors S&P500 index and is valued currently at $1,000,000. The S&P 500 index is currently at 2,000. What action is needed to provide protection against the value of the portfolio falling below $900,000 in 6 months?

Buy 500 6-month S&P500 put options with strike price of 1900.

Buy 1,000 6-month S&P500 put options with strike price of 1900.

Buy 1,000 6-month S&P500 put options with strike price of 1800.

Buy 500 6-month S&P500 put options with strike price of 1800.