Add training workflow, datasets, and runbook

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+OPTION TrAdINg STrATegIeS
+It should be obvious that such risk-free profit opportunities will be limited in terms of 
+both duration and magnitude. generally speaking, conversion and reverse conversion arbitrage 
+will normally only be feasible for professional arbitrageurs who enjoy much lower transac-
+tion costs (commissions plus execution costs) than the general public. The activity of these 
+arbitrageurs will tend to keep synthetic futures position prices about in line with actual futures 
+prices.
+Strategy 16: Synthetic Short Futures (Long put + Short Call)
+example. Buy an August $1,300 gold futures put at a premium of $108.70/oz ($10,870) and simul-
+taneously sell an August $1,300 gold futures call at a premium of $9.10/oz ($910). (See Table 35.16 
+and Figure 35.16.)
+Comment. As follows directly from the discussion of the previous strategy, a synthetic short futures 
+position can be created by combining a long put and a short call with the same expiration date and the same 
+strike price. In this example, the synthetic futures position based upon the $1,300 strike price options 
+is $0.40 higher priced than the underlying futures contract. (Synthetic futures position = $1,300 
++ $9.10 − $108.70 = $1,200.40.) However, for reasons similar to those discussed in the previous 
+strategy, much of the advantage of an implied synthetic futures position price versus the actual futures 
+price typically disappears once transaction costs and interest income effects are incorporated into the 
+evaluation. An arbitrage employing the synthetic short futures position is called a conversion and was 
+detailed in the previous strategy.
+tabLe 35.16 profit/Loss Calculations: Synthetic Short Futures (Long put + Short Call)
+(1) (2) (3) (4) (5) (6) (7) (8)
+Futures 
+price at 
+expiration 
+($/oz)
+premium of 
+august $1,300 
+Call at Initiation 
+($/oz)
+Dollar 
+amount of 
+premium 
+received
+premium of 
+august $1,300 
+put at Initiation 
+($/oz)
+Dollar 
+amount of 
+premium 
+paid
+Value of 
+Call at 
+expiration
+Value of 
+put at 
+expiration
+profit/Loss on 
+position  
+[(3) − (5) + (7) − (6)]
+1,000 9.1 $910 108.7 $10,870 $0 $30,000 $20,040
+1,050 9.1 $910 108.7 $10,870 $0 $25,000 $15,040
+1,100 9.1 $910 108.7 $10,870 $0 $20,000 $10,040
+1,150 9.1 $910 108.7 $10,870 $0 $15,000 $5,040
+1,200 9.1 $910 108.7 $10,870 $0 $10,000 $40
+1,250 9.1 $910 108.7 $10,870 $0 $5,000 –$4,960
+1,300 9.1 $910 108.7 $10,870 $0 $0 –$9,960
+1,350 9.1 $910 108.7 $10,870 $5,000 $0 –$14,960
+1,400 9.1 $910 108.7 $10,870 $10,000 $0 –$19,960