Add training workflow, datasets, and runbook

training_data/curated/text/3616fdf4d69aefb84da8db9632affe45e24076842327afa681725fc24acc2e92.txt

@@ -0,0 +1,19 @@
+Credit and Debit Spread Similarities
+The credit call spread and the debit call spread appear to be exactly opposite
+in every respect. Many novice traders perceive credit spreads to be
+fundamentally different from debit spreads. That is not necessarily so.
+Closer study reveals that these two are not so different after all.
+What if Apple’s stock price was higher when the trade was put on? What
+if the stock was at $405? First, the spread would have had more value. The
+395 and 405 calls would both be worth more. A trader could have sold the
+spread for a $5.65-per-share credit. The at-expiration diagram would look
+almost the same. See Exhibit 9.6 .
+EXHIBIT 9.6 Apple bear call spread initiated with Apple at $405.
+Because the net premium is much higher in this example, the maximum
+gain is more—it is $5.65 per share. The breakeven is $400.65. The price
+points on the at-expiration diagram, however, have nothing to do with the
+greeks. The analytics from Exhibit 9.5 are the same either way.
+The motivation for a trader selling this call spread, which has both
+options in-the-money, is different from that for the typical income
+generator. When the spread is sold in this context, the trader is buying
+volatility. Long gamma, long vega, negative theta. The trader here has a