Add training workflow, datasets, and runbook

training_data/curated/text/27c1e4a88e19f238b621ce81b8da49d9216217c25edc10991527e54d53dc90db.txt

@@ -0,0 +1,24 @@
+a faster rate and lose value at a slower rate, (positive) gamma helps the
+option buyer. A trader buying one call or put in these examples would have
++0.04 gamma. Buying 10 of these options would give the trader a +0.4
+gamma.
+When traders sell options, gamma works against them. When options lose
+value, they move toward zero at a slower rate. When the underlying moves
+adversely, gamma speeds up losses. Selling options yields a negative
+gamma position. A trader selling one of the above calls or puts would have
+−0.04 gamma per option.
+The effect of gamma is less significant for small moves in the underlying
+than it is for bigger moves. On proportionately large moves, the delta can
+change quite a bit, making a big difference in the position’s P&(L). In
+Exhibit 2.1 , the left side of the diagram showed the call price not
+increasing at all with advances in the stock—a 0 delta. The right side
+showed the option advancing in price 1-to-1 with the stock—a 1.00 delta.
+Between the two extremes, the delta changes. From this diagram another
+definition for gamma can be inferred: gamma is the second derivative of the
+graph of the option price relative to the stock price. Put another way,
+gamma is the first derivative of a graph of the delta relative to the stock
+price. Exhibit 2.5 illustrates the delta of a call relative to the stock price.
+EXHIBIT 2.5 Call delta compared with stock price.
+Not only does the delta change, but it changes at a changing rate. Gamma
+is not constant. Moneyness, time to expiration, and volatility each have an
+effect on the gamma of an option.