Add training workflow, datasets, and runbook

training_data/curated/text/825bb4b838b50986390c48accfd3c1ee9eb2e616eea0f1e6ef1aa9bbe0f15fa8.txt

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+Index 
+Martingale strategy, 140, 145 
+Mathematical applications, 456-489 
+Black-Scholes model, 456-466 (see also 
+Black-Scholes model) 
+expected return, 466-472 
+calculation of, 467, 4 71 
+definition,466 
+expected profit, computation of, 468 
+lognormal distribution, typical, 469 
+Simpson's Rule, 471 
+Trapezoidal Rule, 471 
+facilitation (institutional block positioning), 482-485 
+delta spread, 484 
+follow-up action, computer as aid in, 485-488 
+implementation, 488-489 
+neutral spread, 483-485 
+hedge ratio, 482-485 (see also Mathematical applica­
+tions, facilitation [institutional block position­
+ing]) 
+strategy decisions, applying calculations to, 4 72-482 
+calendar spreads, 479-480 
+call buying, 474 
+call writing, 472-474 
+profitability, 474-475 
+put buying, 478-479 
+put option, pricing, 477-478 
+ratio strategies, 480-482 
+risk, 4 75-4 77 
+theoretical value of spread, using, 480 
+summary, 489 
+Mathematical applications for index options, 644-651 
+Black model, 647-648, 651 
+Black-Scholes model, 644-645, 646, 651 
+cash-based, 644-646 
+deltas, 648 
+European exercise, 647 
+follow-up action, 648-651 
+for inter-index spreads, 648-649 
+"sliding scale," 649-650 
+futures, 644 
+options, 647-648 
+implied dividend, 646 
+Mathematical concepts, advanced, 901-907 
+Mathematical considerations for index products, 641-651 
+Mathematical models: 
+for index products, 641-651 
+arbitrage, 641-644 (see also Arbitrage) 
+graph, three-dimensional, 651 
+mathematical applications, 644-651 (see also 
+Mathematical applications) 
+summary, 651 
+for pricing options, 14 
+Mayhew, Dr. Stewart, 806 
+Mergers, risk arbitrage and, 445-450 
+Monte Carlo analysis, 806 
+simulation, 807-809, 828 
+991 
+Morgan Stanley High-Tech index ($MSH), 639, 788 
+Naked call writing, 132-145 
+high risk strategy, 135-136 
+"kicker," 136 
+marked to market daily, 136 
+implied volatility, 132 
+investment required, 134-137 
+margin requirements, 134-137 
+not same as short sale of underlying stock, 133-134 
+risk and reward, 138-145 
+Martingale strategy, 140, 145 
+rolling for credits, 140-144 
+time value as misnomer, 144 
+selling naked options, philosophy of, 137-138 
+index options, 138 
+summary, 144-145 
+uncovered (naked) call option, 133-134 
+Naked put write, evaluating, 296-298 
+Narrow-based indices, 500 
+NASDAQ: 
+Index ($NDX), 501 
+-100 (NDX), 588 
+tracking stock (QQQ), 638,639 
+Neutral calendar spread, 192-194 
+Neutrality: 
+effects of implied volatility changes on, 755-756 
+in options positions, 846-84 7 
+New York Stock Exchange: 
+"circuit breaker," 562 
+expiration, 510-511 
+Index,497,500,532 
+limits on index futures traded, 511 
+POT system, 555-556 
+Nikkei 225 Index, 532, 601 
+No-cost collars, 278-280 
+Notice period, 659, 661-662 
+OEX, 497, 500-501 
+Oil and Gas Index (XOI), 588, 719 
+Open interest, 6 
+"Open outcry" method of trading futures, 508-509 
+Opening transactions, 6 
+Option markets, 22 
+board broker system, 22 
+Chicago Board Options Exchange (CBOE), 22 
+Web site, 23 
+market-makers, 22 
+Option Price Reporting Authority (OPRA), 368 
+Option pricing curve, 99