Add training workflow, datasets, and runbook

training_data/curated/text/1531f5cc55f156f3529cd61f53233b2cdbd9334c0dcbc697becd48400019d63c.txt

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+Finding Mispriced Options    • 149
+strategies involving the simultaneous purchase and sale of multiple con-
+tracts to be a poor investment strategy.
+Implied Bid Volatility/Implied Ask Volatility
+Because the price is so different between the bid and the ask, the range of fu-
+ture stock prices implied by the option prices can be thought of as different 
+depending on whether you are buying or selling contracts. Employing the 
+graphic conventions we used earlier in this book, this effect is represented 
+as follows:
+Implied price range implied
+by ask price volatility of 23.4%
+Implied price range implied
+by bid price volatility of 21.4%
+6/21/201612/24/20156/27/201512/29/20147/2/20141/3/20147/7/20131/8/20131/12/2012
+Oracle (ORCL)
+Price per Share
+60
+50
+40
+30
+20
+10
+-
+Because Oracle is such a big, liquid company, the difference between 
+the stock prices implied by the different bid-ask implied volatilities is not 
+large, but it can be substantial for smaller, less liquid companies. Looking 
+at the ask implied volatility column, you will notice the huge difference 
+between the far ITM options’ implied volatilities and those for ATM and 
+OTM options. The data in the preceding diagram are incomplete, but 
+if you were to graph all the implied volatility data, you would get the 
+following: