Add training workflow, datasets, and runbook

training_data/curated/text/1972f44861be0a101c4175bf5d3be64e5c5ea24b82e47617f9aa320ade74bf4b.txt

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+0.,,,, 1: Definitions 31 
+that contract! Quite a difference, especially if multiple contracts are involved. This 
+could come as a shock if you thought you were hedged (perhaps you bought 100 
+shares of AAA common when you sold this call), only to find out later that you didn't 
+have a correctly hedged position in place after all. 
+Even more severe problems can arise if this stock splits again during the life 
+of this option. Sometimes the options will be adjusted so that they represent a non­
+standard number of shares, such as the 150-share options involved here; and after 
+multiple splits, the exchange may even apply a multiplier to the option, rather than 
+adjusting its strike price repeatedly. This type of thing wouldn't happen on the first 
+stock split, but it might occur on subsequent stock splits, spaced closely together 
+over the life of an option. In such a case, the dollar value of the option moves much 
+faster than one would expect from looking at a quote of the contract. 
+So you must be sure that you are trading the exact contract you intend to, and 
+not relying on the fact that the striking price is correct and the option price quote 
+seems to be in line. One must verify that the option being bought or sold is exactly 
+the one intended. In general, it is a good idea, after a split or similar adjustment, to 
+establish opening positions solely with the standard contracts and to leave the split­
+adjusted contracts alone. 
+5. All options are quoted on a per-share basis, regardless of how many shares of 
+stock the option involves. Normally the quote assumes 100 shares of the under­
+lying stock. However, in a case like the UVW options just described, a quote of 3 
+for the UVW April 39¼ means a dollar price of $306 ($3 x 102). 
+6. Changes in the price of the underlying stock can also bring about new striking 
+prices. XYZ is a $47 stock with striking prices of 45 and 50. If the price of XYZ 
+stock falls to $40, the striking prices of 45 and 50 do not give option traders 
+enough opportunities in XYZ. So the exchange might introduce a new striking 
+price of 40. In practice, a new series is generally opened when the stock trades 
+at the lowest (or highest) existing strike in any series. For example, if XYZ is 
+falling, as soon as it traded at or below 45, the striking price of 40 may be intro­
+duced. The officials of the option exchange that trades XYZ options make the 
+decision as to the exact day when the strike begins trading. 
+POSITION LIMIT AND EXERCISE LIMIT 
+1. An investor or a group of investors cannot be long or short more than a set limit 
+of contracts in one stock on the same side of the market. The actual limit varies 
+according to the trading activity in the underlying stock. The most heavily trad­
+ed stocks with a large number of shares outstanding have position limits of 75,000