Stock Z is currently trading at $35 per share. Its three-month call option has a strike price of $40 per share, and its two-month put option has a strike price of $45 per share. Which of the following is CORRECT?

		Investor should exercise the call option because it is in the money
		Investor should let both options expire
		Investor should exercise the put option because it is in the money
		Investor should let the put option expire because it is out of the money