Add training workflow, datasets, and runbook

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+826 Part VI: Measuring and Trading Volatility 
+TABLE 39-1 
+January February April July October January LEAP 
+Call price 1.25 2.25 3.50 5.00 6.00 7.15 
+Put price 1.50 2.35 3.35 4.35 5.00 5.55 
+Call delta 0.48 0.52 0.55 0.58 0.60 0.62 
+Put delta -0.52 -0.48 -0.45 -0.42 -0.40 -0.38 
+Neutral ~ 1-to-1 ~l-to-1 ~ 1-to-1 ~2-to-3 2-to-3 ~2-to-3 
+Debit 2.75 4.60 6.85 23.05 27.00 30.95 
+Upside break-even 42.75 44.60 46.85 51.57 53.50 55.47 
+Downside break-even 37.25 35.40 33.15 32.30 31.00 29.68 
+dar spread is too much of a burden"° either psychologically or in terms of commis­
+sions, and so this strategy is only modestly used by volatility traders. Some traders will 
+use the calendar spread if they don't see immediate prospects for an increase in 
+implied volatility. They perhaps buy a call calendar slightly out-of-the-money and also 
+buy a put calendar with slightly out-of-the-money puts. Then, if not much happens 
+over the short term, the options that were sold expire worthless, and the remaining 
+long straddle or strangle is even more attractive than ever. Of course, this strategy has 
+its drawback in that a quick move by the underlying may result in a loss, something 
+that would not have happened had a simple straddle or strangle been purchased. 
+SELLING VOLATILITY 
+If one were selling volatility (i.e., volatility is too high), his choices are more complex. 
+Virtually anyone who has ever sold volatility has had a bad experience or two with 
+either exploding stock prices or exploding volatility. Some of the concerns regarding 
+the sale of volatility will be discussed at length later in this chapter. For now, the sim­
+pler strategies will be considered, in keeping with the discussion involving the cre­
+ation of a volatility trading position. 
+Simplistically, a volatility seller would generally have a choice between one of 
+two strategies (although there is a more complicated strategy that can be introduced 
+as well). The simplest strategy is just to sell both an out-of-the-money put and an out­
+of-the-money call. The striking prices chosen should be far enough away from the 
+current underlying price so that the probabilities of the position getting in trouble 
+(i.e., the probabilities that the underlying actually trades at the striking prices of the 
+naked options during the life of the position) are quite small. Just as the option buyer