Add training workflow, datasets, and runbook

training_data/curated/text/61d6a621d71ea644451abdb187ce42214daa5b98f99121e55d89cbaa1ff4f223.txt

@@ -0,0 +1,38 @@
+Chapter 2: Covered Call Writing 75 
+rolling down if the stock drops further, remains unchanged, or even rises slightly. 
+Table 2-22 and Figure 2-4 compare the original write with the rolled-down position. 
+It is clear from the figure that the rolled-down position is locked into a loss. However, 
+the rolled-down position still outperforms the original position unless the stock ral­
+lies back above 17 by expiration. Thus, if the stock continues to fall, if it remains 
+unchanged, or even if it rallies less than 1 point, the rolled-down position actually 
+outperforms the original write. It is for this reason that the writer is taking the most 
+logical action by rolling down, even though to do so locks in a loss. 
+TABLE 2-22. 
+Profits of original write and rolled position. 
+Stock Price at Profit from 
+Expiration January 20 Write 
+10 -$800 
+15 - 300 
+18 0 
+20 + 200 
+25 + 200 
+FIGURE 2-4. 
+Comparison: original write vs. 
+11
+locked-in loss." 
+c: +$200 Original Write 
+~ 
+t 
+«i 
+~ 
+o -$100 
+~ a.. 
+15 20 
+Stock Price at Expiration 
+Profit from 
+Rolled Position 
+-$600 
+- 100 
+- 100 
+- 100 
+- 100