13.14 Determining the Strike Price Table 13. 2, page 274) Value of Index in 3 Expected Portfolio value months in 3 months( $ 1.080 570.000 1.040 530000 1.000 490,000 960 450.000 920 410.000 An option with a strike price of 960 will provide protection against a 10%decline in the portfolio value Options, Futures, and other Derivatives, 5th edition 2002 by John C. HullOptions, Futures, and Other Derivatives, 5th edition © 2002 by John C. Hull 13.14 Determining the Strike Price (Table 13.2, page 274) Value of Index in 3 months Expected Portfolio Value in 3 months ($) 1,080 570,000 1,040 530,000 1,000 490,000 960 450,000 920 410,000 An option with a strike price of 960 will provide protection against a 10% decline in the portfolio value