Add training workflow, datasets, and runbook

training_data/curated/text/0e40b9109b35072611a6825dce76edd23f9d9c7ae1c58708883e5475e4dec588.txt

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+Cl,apter 1: Definitions 9 
+TABLE 1-2. 
+Comparison of XYZ stock and call prices. 
+XYZ July 45 XYZ Stock Over 
+Striking Price + Coll Price Price Parity 
+(45 + 45 1/2) 1/2 
+(45 + 21/2 47 ) 1/2 
+(45 + 51/2 50 ) ½ 
+(45 + 151/2 60 ) 1/2 
+FACTORS INFLUENCING THE PRICE OF AN OPTION 
+An option's price is the result of properties of both the underlying stock and the terms 
+of the option. The major quantifiable factors influencing the price of an option are 
+the: 
+1.. price of the underlying stock, 
+2. striking price of the option itself, 
+3. time remaining until expiration of the option, 
+4. volatility of the underlying stock, 
+5. current risk-free interest rate (such as for 90-day Treasury bills), and 
+6. dividend rate of the underlying stock. 
+The first four items are the major determinants of an option's price, while the latter 
+two are generally less important, although the dividend rate can be influential in the 
+case of high-yield stock. 
+THE FOUR MAJOR DETERMINANTS 
+Probably the most important influence on the option's price is the stock price, 
+because if the stock price is far above or far below the striking price, the other fac­
+tors have little influence. Its dominance is obvious on the day that an option expires. 
+On that day, only the stock price and the striking price of the option determine the 
+option's value; the other four factors have no bearing at all. At this time, an option is 
+worth only its intrinsic value. 
+Example: On the expiration day in July, with no time remaining, an XYZ July 50 call 
+has the value shown in Table 1-3; each value depends on the stock price at the time.