Jacob wrote one call option and one put option on CHR Corp shares. These two options have the same exercise volume and the same expiration date, but different exercise prices. Both options are European options. Information on the options can be found in the table below:

Option Type	Exercise Price	Premium
Call	33	$2.20
Put	30	$3.80

What is the maximum profit of this trading strategy? Is there a maximum loss? Explain. (4 marks)

What is the profit/loss of this trading strategy if share price of CHR Corp is $28 at maturity? (1 marks)

At what share price(s) will Jacob break even on this trading strategy at maturity? (2 marks)

What must be Jacobs expectation of the share price of CHR Corp, given his investment strategy? (maximum 2 sentences) (1 mark)