Step 1: Use the relation for the maximum volume
A cone inscribed in a sphere has its maximum volume when its semi-vertical angle \( \theta \) satisfies:
\[
\tan \theta = \frac{1}{\sqrt{2}}.
\]
Step 2: Find \( \theta \)
Taking inverse tangent,
\[
\theta = \tan^{-1} \left(\frac{1}{\sqrt{2}}\right).
\]
Thus, the correct answer is \( \boxed{\tan^{-1} \left(\frac{1}{\sqrt{2}}\right)} \).