Add training workflow, datasets, and runbook

training_data/curated/text/6c8a081ff1a1d2863c195856699a1fa9abc5e1a51673a5076cf2c4cf21e85b58.txt

@@ -0,0 +1,37 @@
+Chapter 40: Advanced Concepts 
+FIGURE 40-6. 
+Vega comparison, XYZ = 50. 
+20 
+18 
+16 
+14 
+0 
+0 12 ... 
+6 10 (13 
+0) 
+;g? 8 
+6 
+4 
+2 
+0 
+40 45 
+TABLE 40-6. 
+861 
+50 55 60 65 
+Strike Price 
+Vega comparison for different time periods (with XYZ = 50). 
+Vega 
+Strike Price t = 1 Year t = 6 Months t = 3 Months 
+40 0.12 0.06 0.02 
+45 0.16 0.11 0.06 
+50 0.19 0.13 0.09 
+55 0.20 0.13 0.08 
+60 0.18 0.11 0.05 
+65 0.16 0.07 0.02 
+The vega is a positive 10.23 points ($1,023 since each point for these equity 
+options is worth $100). The fact that the position has a positive vega means that it is 
+exposed to variations in volatility. If volatility decreases, the position will lose money: 
+$1,023 for each one percentage point decrease in volatility. However, if volatility 
+increases, the position will benefit. 
+Vega is greatest for at-the-money options and approaches zero as the option is 
+deeply in- or out-of-the-money. Again, this is common sense, since a deep in- or out-