Add training workflow, datasets, and runbook

training_data/curated/text/2c65c03a8208cca2e6f3c6bb6daa5c0ad9784f797fa447b179f79923fb5dcae2.txt

@@ -0,0 +1,17 @@
+a,,pter 15: Put Option Basics 255 
+option market, it was often stated that the reason for this relationship was that the 
+demand for calls was larger than the demand for puts. This may have been partially 
+true, but certainly it is no longer true in the listed option targets, where a large sup­
+ply of both listed puts and calls is available through the OCC. Arbitrageurs again 
+serve a useful function in increasing supply and demand where it might not other­
+wise exist. The second fact concerning the relationship of puts and calls is that a put 
+option will lose its time value premium much more quickly in-the-money than a call 
+option will (and, conversely, a put option will generally hold out-of-the-money time 
+value premium better than a call option will). Again, the conversion and reversal 
+processes play a large role in this price action phenomenon of puts and calls. Both of 
+these facts have to do with the carrying costs involved in the conversion. 
+In the chapter on Arbitrage, exact details of conversions and reversals will be 
+spelled out, with specific reasons why these procedures affect the relationship of put 
+and call prices as stated above. However, at this time, it is sufficient for the reader to 
+understand that there is an arbitrage process that is quite widely practiced that will, 
+in fact, make true the foregoing relationships between puts and calls.