Fred Bought 600 Shares of Edgewood Shares at a Price

Multiple Choice

Fred bought 600 shares of Edgewood shares at a price of $19. The shares are currently selling for $53 a share. To protect his profits, Fred should buy

A) 6 put options with a strike price of $50.
B) 6 call options with a strike price of $55.
C) 600 call options with a strike price of $55.
D) 600 put options with a strike price of $50.