Which of the following investors would be happy to see the stock price drop sharply?
I) An investor who owns a put option;
II) An investor who has sold a put option and bought a call option;
III) An investor who owns the stock and has also bought a call option;
IV) An investor who has sold a call option.
A) I and II only
B) III and IV only
C) III only
D) I and IV only