Add training workflow, datasets, and runbook

training_data/curated/text/440d76572a525de843190ab6ad86c15b6ff213d08ed1a2c26642f3bc61758989.txt

@@ -0,0 +1,38 @@
+Chapter 34: Futures and Futures Options 
+FIGURE 34-2. 
+January soybean, ratio spread. 
+90 
+80 
+70 
+60 
+50 
+:!:: 
+40 0 ... a.. 30 
+0 20 .le 
+C 10 
+~ 0 
+-10 
+-20 
+-30 
+575 625 650 
+At Expiration 
+Futures Price 
+Points of maximum profit = Maximum downside loss 
++ Difference in strikes 
+x Number of calls owned 
+=-4½ + 50 X 2 
+=95½ 
+Upside break-even price = Higher striking price 
+700 
++ Maximum profit/Net number of naked calls 
+= 650 + 95½/3 
+= 681.8 
+689 
+These are the significant points of profitability at expiration. One does not care 
+what the unit of trading is (for example, cents for soybeans) or how many dollars are 
+involved in one unit of trading ($50 for soybeans and soybean options). He can con­
+duct his analysis strictly in terms of points, and he should do so. 
+Before proceeding into the comparisons beleen the backspread and the ratio 
+spread as they apply to mispriced futures options, it should be pointed out that the seri­
+ous strategist should analyze how his position will perform over the short term as well 
+as at expiration. These analyses are presented in Chapter 36 on advanced concepts.