Add training workflow, datasets, and runbook

training_data/curated/text/1b2cc88d87396b7ac3726be1489d4bc3e338cdf606da7d0a0fcf8439da6baf39.txt

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+Short-Straddle Example
+For this example, a trader, John, has been watching Federal XYZ Corp.
+(XYZ) for a year. During the 12 months that John has followed XYZ, its
+front-month implied volatility has typically traded at around 20 percent, and
+its realized volatility has fluctuated between 15 and 20 percent. The past 30
+days, however, have been a bit more volatile. Exhibit 15.6 shows XYZ’s
+recent volatility.
+EXHIBIT 15.6 XYZ volatility.
+Stock Price Realized VolatilityFront-Month Implied Volatility
+30-day high $111.7130-day high 26%30-day high 30%
+30-day low $102.0530-day low 21%30-day low 24%
+Current px $104.75Current vol 22%Current vol 26%
+The stock volatility has begun to ease, trading now at a 22 volatility
+compared with the 30-day high of 26, but still not down to the usual 15-to-
+20 range. The stock, in this scenario, has traded in a channel. It currently
+lies in the lower half of its recent range. Although the current front-month
+implied volatility is in the lower half of its 30-day range, it’s historically
+high compared with the 20 percent level that John has been used to seeing,
+and it’s still four points above the realized volatility. John believes that the
+conditions that led to the recent surge in volatility are no longer present. His
+forecast is for the stock volatility to continue to ease and for implied
+volatility to continue its downtrend as well and revert to its long-term mean
+over the next week or two. John sells 10 September 105 straddles at 5.40.
+Exhibit 15.7 shows the greeks for this trade.
+EXHIBIT 15.7 Greeks for short XYZ straddle.