Add training workflow, datasets, and runbook

training_data/curated/text/18b370811d210c29052b84c2c186056cd92f92419b55c572fa4b915debbbd8c3.txt

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+68  •   The Intelligent Option Investor
+assumption. Because these are the two biggest determinants, let’s take a 
+look at some common examples in which a change in one offsets or exac-
+erbates a change in the other. 
+Following are a few examples of how interactions between the variables 
+sometimes appear. For each of these examples, I am assuming a shorter 
+investment time horizon than I usually do because most people who get hurt 
+by some adverse combination of variables exacerbate their pain by trading 
+short-term contracts, where the effect of time value is particularly severe.
+Falling Volatility Offsets Accurate Directional Prediction
+Let’s say that we are expecting Advanced Building Corp. to announce that it 
+will release a new product and that we believe that this product announcement 
+will generate a significant short-term boost in the stock price. We think that 
+the $50 stock price could pop up to $55, so we buy some short-dated calls 
+struck at $55, figuring that if the price does pop, we can sell the calls struck at 
+$55 for a handsome profit. Here’s a diagram of what we are doing:
+20
+25
+30
+35
+40Stock Price
+45
+50
+55
+60
+Advanced Building Corp. (ABC)
+65
+GREEN
+As you should be able to tell by this diagram, this call option should 
+be pretty cheap—there is a little corner of the call option’s range of expo-
+sure within the BSM cone, but not much.