Add training workflow, datasets, and runbook

training_data/curated/text/3d4eab28fd46cd5f8ebcf066c5ab5625dff83f6ccfc406d899fe6900f20a8267.txt

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+26  •   The Intelligent Option Investor
+5/18/2012
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+5/20/2013 249 499
+Date/Day Count
+Stock Price
+749 999
+ESP = $45
+GREEN
+When a short seller sells a stock, he or she gets immediate profit exposure 
+to the stock’s downside potential. The seller is selling at $50 and hopes to make 
+a profit by buying the shares back later at a lower price—let’s say $35. When we 
+get profit exposure to a stock’s downside potential using options, we are getting 
+the same exposure as if we sold the stock at $50, except that we do not have to 
+worry about losing our shirts if the stock moves up instead of down. In order to 
+get this peace of mind, though, we must spend $5 in premium. This means that 
+if we hold the position to expiration, we will only realize a net profit if the stock 
+is trading at the $50 mark less the money we have already paid to buy that ex-
+posure—$5 in this case. As such, we are effectively selling the stock short at $45.
+There are some option strategies that end up not looking like one of 
+the two stock positions—the flexibility of options allows an investor to do 
+things a stock investor cannot. For example, here is the graphic representa-
+tion of a strategy commonly called a long strangle:
+5/18/2012
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+20
+40
+60
+80
+100
+120
+140
+160
+180
+200
+5/20/2013 249 499
+Date/Day Count
+Stock Price
+749 999
+BE 1 = $80.75
+BE 2 = $19.25
+GREEN
+GREEN