Add training workflow, datasets, and runbook

training_data/curated/text/05cc38f8c73e31373be24d7a3ae819868e466a1746ac7a6e343f109240380a14.txt

@@ -0,0 +1,23 @@
+66  •   The Intelligent Option Investor
+still fall slowly. Time decay is governed by the shape of the BSM cone and 
+the degree to which an option’s range of exposure is contained within the 
+BSM cone. The two basic rules to remember are:
+1. Time decay is slowest when more than three months are left  
+before expiration and becomes faster the closer one moves toward 
+expiration.
+2. Time decay is slowest for ITM options and becomes faster the 
+closer to OTM the option is.
+Visually, we can understand the first rule—that time decay increases 
+as the option nears expiration—by observing the following:
+Slope is shallow here...
+But steep here...
+The steepness of the slope of the curve at the two different points 
+shows the relative speed of time decay. Because the slope is steeper the less 
+time there is on the contract, time decay is faster at this point as well.
+Visually, we can understand the second rule—that OTM options lose 
+value faster than ITM ones—by observing the following:
+Time BT ime A Time BT ime A
+GREEN
+GREEN
+ORANGE
+OTM option ITM option