In response to 'If that investor were willing to pay extra for the security of limited downside, she could buy put options with a strike price of $98, which would lock in her profit on the shares at $18, less whatever the options cost.', does 'THe strike price could be $8.' serve as a counterstatement?
If that investor were willing to pay extra for the security of limited downside, she could buy put options with a strike price of $98, which would lock in her profit on the shares at $18, less whatever the options cost.###THe strike price could be $8.