Add training workflow, datasets, and runbook

training_data/curated/text/6e1c38215fabf577b976baa3ea4b3c867782783e9fbb728208c670cbf635db13.txt

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+Gamma, Theta, and Volatility
+Clearly, more volatile stocks are more profitable for gamma scalping, right?
+Well . . . maybe. Recall that the higher the implied volatility, the lower the
+gamma and the higher the theta of at-the-money (ATM) options. In many
+cases, the more volatile a stock, the higher the implied volatility (IV). That
+means that a volatile stock might have to move more for a trader to scalp
+enough stock to cover the higher theta.
+Let’s look at the gamma-theta relationship from another perspective. In
+this example, for 0.50 of theta, Harry could buy 2.80 gamma. This
+relationship is based on an assumed 25 percent implied volatility. If IV were
+50 percent, theta for this 20 lot would be higher, and the gamma would be
+lower. At a volatility of 50, Harry could buy 1.40 gammas for 0.90 of theta.
+The gamma is more expensive from a theta perspective, but if the stock’s
+statistical volatility is significantly higher, it may be worth it.