Question 1 An investor believes the MSFT (current $30 per share) could move in either direction in reaction to an important expected decision and want to apply a strangle strategy to capture the possible stock price movement. The option price data is following: Call option: price \$2, Strike Price \$34, Time to expiration: 90 days. Put option: price \$1, Strike Price \$28, Time to expiration: 90 days. Should the investor choose a long strangle strategy or a short strangle strategy to achieve the objective? What is the maximum possible loss per share, maximum possible gain per share and breakeven stock prices, if the investor apply the strangle strategy