What can be used to replicate a protective put strategy?

call option and riskless investment

Explanation:

A protective put strategy is a term often referred to as married put that describes a form of risk-management strategy, whereby an investor used options contracts to protect the shares of a stock or other asset against a loss.

A call option and riskless investment, on the other hand, is a term that describes an agreement to between buyer and seller to exchange a tradeable finance asset at a set price. It is considered to have a net pay off similar to protective put strategy.

Also, a riskless investment is a theoretical term that describes a form of investment such as savings, with a specific rate of return and less to no chance of default.

Hence, what can be used to replicate a protective put strategy is CALL OPTION and RISKLESS INVESTMENT

the law, public safety, corrections, and security cluster prepares people for careers in planning, managing, and providing legal, public safety, protective services and homeland security, including professional and technical support services.