Question 4 (10 marks) An investor has a bearish View of the stock, which he would like to take advantage of by constructing an option 'spread' strategy. Your goal is to maximize the initial cash inow using this strategy. Suppose there exists the following options on the same underlying share of the stock. The share is currently trading in the market at $40. Option Type Strike Price 1 Call $40 2 Call $45 3 Call $50 4 Put $40 5 Put $45 6 Put $50 (a) Which options would you use for your spread strategy? Explain your