Using the strategies discussed in your textbook, as well as this lecture, describe a specific example of how you might advise a client to use an option transaction as an alternative to a direct stock transaction.

As part of your example, be sure to explain specific characteristics relative to net worth and risk tolerance of the client that you look at when making this decision.

one page single spaced  separate page for three Amerindian references if possible please include Hirt, G. A., Block, S., & Basu, S. (2006). Investment planning for financial professionals. New York, NY: McGraw-Hill