Add training workflow, datasets, and runbook

training_data/curated/text/3f99b84ad9df396fc6968c0a47b71808d39421b73fc022ac5145e14d1a44b7c4.txt

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+996 
+SIS (Stock Index return Security) (continued) 
+track record, 598, 599 
+trading at discount to cash value, 598-600 
+trading at discount to guarantee price, 600-601 
+60/40 rule, 919-920 
+SPAN (Standard Portfolio Analysis of Risk), 514-515, 
+667-671 
+advantages,667 
+example, 668, 669, 670 
+how it works, 667-671 
+maintenance margin, 667 
+purpose, 667 
+risk array, 667, 668, 669 
+Speculating in futures contracts, 655-656 
+Splitting quote, 171 
+Splitting strikes, 325-328 (see also Synthetic stock 
+positions) 
+Spot/spot price for futures contracts, 658 
+Spread, diagonalizing, 236-241 
+advantage,236,241 
+backspreads,240-241 
+even-money spread, 240 
+bear spread, 239-240 
+bull spread, 236-239 
+often improvement over normal bull spread, 239 
+definition, 236 
+for any type of spread, 241 
+Spreads, 76, 168-171 (see also under particular head) 
+backspread,232-235 
+diagonal, 240-241 
+bear, using call options, 186-190 
+bull, 110-111, 113-116, 117, 172-185 
+butterfly, 200-209 
+calendar, 116-117, 191-199 
+categories, three, 169 
+definition, 168 
+diagonal, 169, 236-241 (see also Spreads, 
+diagonalizing) 
+even money, 240 
+horizontal, 169 
+using LEAPS, 403-409 (see also LEAPS) 
+"leg" into, 171 
+out of, 180, 207 
+out-of-the-money call spread, 222-225 
+ratio call, 210-221 
+reverse, 230-235 
+reverse calendar, 230-232 
+reverse ratio, 232-235 
+unequal tax treatment on, 929-930 
+vertical, 169 
+Spread order, 169-171 
+Spreads combining calls and puts, 336-357 
+butterfly spread, 336-338 
+arbitrageur, role of, 338 
+box spread, 338 
+commissions high, 338 
+Index 
+equivalent of completely protected straddle write, 
+338 
+establishing, four ways for, 336-338 
+striking prices, three, 336 
+calendar combination, 345-348, 353-354, 356-357 
+superior to calendar straddle, 349-350 
+calendar straddle, 348-350, 354, 356-357 
+as neutral strategy, 349 
+criteria for, three, 354 
+inferior to calendar combination, 349-350 
+diagonal butterfly spread, 350-353, 354-355, 356-357 
+criteria, four, 355 
+legging out, 351-352 
+follow-up action for bull or bear spreads, 341-344 
+option purchase and spread, combining, 339-341 
+bearish scenario, 341, 342 
+bullish scenario, 339-340, 342 
+selecting, 353-356 
+criteria, five, 353-354 
+summary, 356-357 
+Standard Portfolio Analysis of Risk (SPAN), 514-515 
+Standard & Poor (S&P): 
+Depository Receipt (SPDR), 637-638 
+expiration, 510-511 
+100 Index (OEX), 497, 500-501, 582-583 
+400 Index, 497 
+500 Futures, 532 
+500 Index (SPX), 497, 502, 507, 583, 584 
+Standard & Poor's Stock/Bond Guide, 88 
+Stock: 
+buying below its market price, 299-300 
+underlying, price of as related to option price, 9-10 
+Stock index hedging strategies, 531-578 
+follow-up strategies, 557-559 
+rolling to another month, 557-559 
+impact on stock market, 561-565 
+"circuit breaker" of NYSE, 562 
+at expiration, 564-565 
+before expiration, 561-563 
+portfolio insurance, 563-564 
+regulatory bodies, concern of, 562 
+trading ban, 562 
+index, simulating, 566-574 
+hedge, monitoring, 572-573 
+high-capitalization stocks, using, 566-571 
+largest-capitalization stocks, four, 567 
+options instead of futures, using, 573-57 4 
+regression analysis, 566 
+tracking error risk, 571-572 
+index arbitrage, 547-556 
+commissions, 552-554 
+computerized method of order entry, 555-556