问题
单项选择题
Jasper Quartermaine is interested in using the options market to create "insurance" against a severe drop in the value of a stock portfolio that he owns. How could he best accomplish this goal and what is this type of strategy called Type of optionStrategy ①A. write call optionsprotective put ②B. write call optionscovered call ③C. buy put options protective put
A．
| A. ① |
B．
| B. ② |
C．
| C. ③ |
答案
参考答案：C
解析：An investor can simulate portfolio insurance by purchasing put options. Losses in the underlying portfolio are offset by gains in the put position. The investor is already long his portfolio and if he buys a long put for his portfolio he is replicating a protective put strategy.