Add training workflow, datasets, and runbook

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+Chapter 35: Futures Option Strategies for Futures Spreads 717 
+Example: The strategist decides that, since his goal was for the futures spread to 
+widen to 12 cents, he will not remove the position when the spread is only 8 cents, 
+as it is now. However, he wants to take some action to protect his current profit, while 
+still retaining the possibility to have the profit expand. 
+As a first step, the equivalent futures position (EFP) is calculated. The pertinent 
+data is shown in Table 35-5. 
+TABLE 35-5. 
+EFP of long combination. 
+Future or Option 
+January heating oil futures: 
+January unleaded gasoline futures: 
+January heating oil 60 call: Long 5 
+January unleaded gas 62 put: Long 5 
+Price 
+.7100 
+.6300 
+11.05 
+1.50 
+Delta 
+0.99 
+-0.40 
+EFP 
++4.95 
+-2.00 
+Total EFP: +2.95 
+Overall, the position is long the equivalent of about three futures contracts. The 
+position's profitability is mostly related to whether the futures rise or fall in price, not 
+to how the spread between heating oil futures and unleaded gas futures behaves. 
+The strategist could easily neutralize the long delta by selling three contracts. 
+This would leave room for more profits if prices continue to rise ( there are still two 
+extra long calls). It would also provide downside protection if prices suddenly drop, 
+since the 5 long puts plus the 3 short futures would offset any loss in the 5 in-the­
+money calls. 
+Which futures should the strategist short? That depends on how confident he is 
+in his original analysis of the intermarket spread widening. If he still thinks it will 
+widen further, then he should sell unleaded gasoline futures against the deeply in­
+the-money heating oil calls. This would give him an additional profit or loss opportu­
+nity based on the relationship of the two oil products. However, ifhe decides that the 
+intermarket spread should have widened more than this by now, perhaps he will just 
+sell 3 heating oil futures as a direct hedge against the heating oil calls. 
+Once one finds himself in a profitable situation, as in the above example, the 
+rrwst conservative course is to hedge the in-the-rrwney option with its own underly­
+ing future. This action lessens the further dependency of the profits on the inter­
+market spread. There is still profit potential remaining from futures price action. 
+Furthermore, if the futures should fall so far that both options return to in-the­
+money status, then the intermarket spread comes back into play. Thus, in the above