Is '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.' a clear rebuttal of the premise 'The strike price could be $98.'
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 $98.