Add training workflow, datasets, and runbook

training_data/curated/text/015ea557b6a44d6315c95ef20eda7d3a03e1faf59a3427e302e37f1a312b64ed.txt

@@ -0,0 +1,38 @@
+858 Part VI: Measuring and Trading Volatility 
+FIGURE 40-5. 
+Gamma comparison, with XYZ = 50, t = three months. 
+8 
+7 
+0 6 
+0 
+~ 5 
+<ti 
+E 4 E 
+~ 3 
+2 
+TABLE 40-5. 
+40 45 
+Low Volatility 
+Very High Volatility 
+50 55 60 
+Strike Price 
+65 
+Gamma comparison for varying volatilities (XYZ = 50, t = 3 
+months). 
+Gamma Very 
+Strike Low Volatility High Volatility High Volatility 
+40 .003 .013 .017 
+45 .039 .039 .022 
+50 .086 .057 .024 
+55 .057 .049 .025 
+60 .015 .028 .023 
+65 .002 .012 .020 
+As before, the position still has a delta long of almost 700 shares. In addition, 
+one can now see that it has a positive gamma of over 300 shares. This means that the 
+delta can be expected to change by 328 shares for each point that XYZ moves: If it 
+moves up 1 point, the delta will increase to +1,014 (the current delta, 686, plus the 
+gamma of 328). However, ifXYZ moves down by 1 point, then the delta will decrease 
+to +358 (the current delta, 686, less the gamma of 328). 
+Note that, in the above example, if XYZ continues higher, the gamma will 
+remain positive (although it will eventually shrink some), and the delta will continue 
+to increase. This means the position is getting longer and longer - a fact that makes