A Call Option on an Asset Has a Delta of 0.4

question 4

Short Answer

A call option on an asset has a delta of 0.4. A trader has sold 2000 options and wants to create a delta-neutral position.
i) Should the trader take a long or short position in the asset? _ _ _ _ _ _
ii) How many units of the asset should be bought or sold? _ _ _ _ _ _