Add training workflow, datasets, and runbook

training_data/curated/text/90a18c62aebe82039cbdfa8c66aba9debfab3b83e6fbcfb8daabdcf567cd2350.txt

@@ -0,0 +1,40 @@
+Chapter 2: Covered Call Writing 
+FIGURE 2-3. 
+Comparison: original covered write vs. rolled-down write. 
++$500 
+c: +$300 
+0 
+~ 
+]-
+iii 
+en en 
+0 ...J 
+5 
+-e a. 
+$0 
+Original Write 
+Rolled-Down Write 
+50 
+Stock Price at Expiration 
+73 
+profit potential of the covered write. Limiting the maximum profit may be a second­
+ary consideration, however, when a stock is breaking downward. Additional downside 
+protection is often a more pressing criterion in that case. 
+Anywhere below 45 at expiration, the rolled-down position does $300 better 
+than the original position, because of the $300 credit generated from rolling down. 
+In fact, the rolled-down position will outperform the original position even if the 
+stock rallies back to, but not above, a price of 48. At 48 at expiration, the two posi­
+tions are equal, both producing a $300 profit. If the stock should reverse direction 
+and rally back above 48 by expiration, the writer would have been better off not to 
+have rolled down. All these facts are clear from Table 2-21 and Figure 2-3. 
+Consequently, the only case in which it does not pay to roll down is the one in 
+which the stock experiences a reversal - a rise in price after the initial drop. The 
+selection of where to roll down is important, because rolling down too early or at an 
+inappropriate price could limit the returns. Technical support levels of the stock are 
+often useful in selecting prices at which to roll down. If one rolls down after techni­
+cal support has been broken, the chances of being caught in a stock-price-reversal 
+situation would normally be reduced. 
+The above example is rather simplistic; in actual practice, more complicated sit­
+uations may arise, such as a sudden and fairly steep decline in price by the underly­
+ing stock. This may present the writer with what is called a locked-in loss. This means, 
+simply, that there is no option to which the writer can roll down that will provide him