Add training workflow, datasets, and runbook

training_data/curated/text/29df8e2123c564a1d4aeaad20f4753a546143263f6fc896def8d1f85cdae749a.txt

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+850 
+FIGURE 40-1. 
+Delta comparison, with XYZ = 50. 
+100 
+75 
+$ 
+<ii 50 
+0 ',, .. .......... 
+Low-Volatility Stock , 
+Part VI: Measuring and Trading Volatility 
+25 ', ', High-Volatility Stock 
+', ',, .............. 
+---.............. 
+0 L..L _______ .....L _______ __:::::i~~ ..... -..:L-_ 
+40 45 50 
+TABLE 40-1. 
+55 
+Strike Price 
+60 65 
+Delta comparison for different volatilities with XYZ = 50 and 
+time = 3 months. 
+Delta 
+Strike Price Low-Volatility Stock High-Volatility Stock 
+40 100 94 
+45 93 78 
+50 51 53 
+55 11 29 
+60 1 13 
+65 0 5 
+referred to as EFP (equivalent futures position). To differentiate between the two 
+terms, the delta of the option is generally referred to as "option delta," while the ESP 
+or EFP is called "position delta." Recall that the position delta is computed accord­
+ing to the following simple equation: 
+Position delta = Option's delta x Shares per option x Option quantity