Add training workflow, datasets, and runbook

training_data/curated/text/7f57cbcf46672fc9c7895f4325f8115add400c70d4335bb29abcabb83507be2a.txt

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+Rho and Time
+The time component of interest has a big impact on the magnitude of an
+option’s rho, because the greater the number of days until expiration, the
+greater the interest. Long-term options will be more sensitive to changes in
+the interest rate and, therefore, have a higher rho.
+Take a stock trading at about $120 per share. The July, October, and
+January ATM calls have the following rhos with the interest rate at 5.5
+percent.
+Option Rho
+July (38-day) 120 calls+0.068
+October (130-day) 120 calls+0.226
+January (221-day) 120 calls+0.385
+If interest rates rise 25 basis points, or a quarter of a percentage point, the
+July calls with only 38 days until expiration will gain very little: only
+$0.017 (0.068 × 0.25). The October 120 calls with 130 days until expiration
+gain more: $0.057 (0.226 × 0.25). The January calls that have 221 days
+until they expire make $0.096 theoretically (0.385 × 0.25). If all else is held
+constant, the more time to expiration, the higher the option’s rho, and
+therefore, the more interest will affect the option’s value.