Add training workflow, datasets, and runbook

training_data/curated/text/12d8ac9b98e3d4cb300a3061c6d3987cd5e77313ccea6e06426b1d703faba3d6.txt

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+290 
+TABLE 18-2. 
+Results at expiration of a strangle purchase. 
+XYZ Price at 
+Expiration 
+25 
+35 
+41 
+43 
+45 
+47 
+50 
+54 
+60 
+70 
+FIGURE 18-2. 
+Strangle purchase. 
+C: 
+0 
+~ ·c. 
+X 
+w 
+1ii 
+(/) $0 (/) 
+0 
+..J 
+6 
+il= -$400 e a. 
+Put Call 
+Profit Profit 
++$1,800 -$ 200 
++ 800 200 
++ 200 200 
+0 200 
+200 200 
+200 200 
+200 200 
+200 + 200 
+200 + 800 
+200 + 1,800 
+Stock Price at Expiration 
+Part Ill: Put Option Strategies 
+Total 
+Profit 
++$1,600 
++ 600 
+0 
+200 
+400 
+400 
+400 
+0 
++ 600 
++ 1,600 
+viewpoint. The in-the-money strangle purchase certainly involves less percentage 
+risk: The buyer can never lose all his investment, since he can always get back 5 
+points, even in the worst case (when XYZ is behveen 45 and 50 at expiration). His 
+percentage profits are lower with the in-the-money strangle purchase, since he paid 
+more for the strangle to begin with. These observations should come as no surprise,