A wheel of a bullock cart is rolling on a level road as shown in the figure below. If its linear speed is v in the direction shown, which one of the following options is correct (P and Q are any highest and lowest points on the wheel, respectively)?

(1) Point P moves slower than point Q.
(2) Point P moves faster than point Q.
(3) Both the points P and Q move with equal speed.
(4) Point P has zero speed.