Add training workflow, datasets, and runbook

training_data/curated/text/141dd4b290c8bcc99f1ffc91f27469b611afe3cb3c1f09ce47dadb420ecd83c0.txt

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+316  •   Index
+Strike prices: (continued )
+long strangle, 206–207
+short diagonal, 239–240
+short put, 215
+short-call spread, 222–228
+Strike–stock price ratio (K/S):
+and change in closing price,  
+146–147
+defined, 53–54
+and forward volatility, 67–74
+Structural constraints, 86, 104
+Structural downturns, 302n2  
+(Chapter 11)
+Structural growth stage, 94, 95
+Structural impediments, 131–139
+buy-side, 132–136
+and investment strategies,  
+137–139
+principals vs. agents, 131–132
+sell-side, 136–137
+Sun Microsystems, 108
+Supply-side constraints, 83
+Symmetry, bias associated with, 
+114–118
+T
+“Taking profit” with covered calls, 245
+Taxes, BSM model assumption about, 
+32, 40, 46
+Technical analysis, 115
+Tenor, 297n3 (Chapter 3)
+defined, 59
+for long calls, 190–192
+for long puts, 202–203
+for long strangles, 206
+for protective puts, 252–254
+for short puts, 214–215
+for short-call spreads, 222
+Terminal phase, 86
+Time decay, 65–67
+Time horizons:
+long, 279–281
+short, 270–272
+Time value:
+intrinsic vs., 56–59
+of money, 87, 93–95
+Time Warner, 103
+Time-to-expiration assumptions,  
+64–67
+Toyota, 97
+Trading restrictions, 32, 40, 46
+Troughs (business-cycle):
+operational leverage in, 283–284
+and peaks, 302–303n2
+Tversky, Amos, 123, 126
+“2-and-20” arrangements, 134
+U
+Uncertainty, 118–119
+Underexposure, 247
+Underlying assets:
+fungible, 272–273
+and future stock price, 33–34
+University of Chicago, 41
+Unlevered investments:
+levered vs., 164–165
+in portfolios, 175–176, 178
+Unrealized losses, 175–176
+Unrealized profit, 254–255
+Unused leg, long strangle, 207
+U.S. Treasury bonds, 45–46
+Utility curves, 124–126
+V
+Valuation:
+golden rule of, 77–89
+multiples-based, 99–100
+shortcuts for, 93–97
+value drivers in, 91–97
+Valuation range:
+BSM cone vs., 160–162
+creating, 122
+and margins of safety, 197–199
+overlaying BSM cone with, 160
+and strike price selection, 192–194
+Valuation risk, 265–267