Add training workflow, datasets, and runbook

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+O,apter 16: Put Option Buying 269 
+anywhere below 50, the October 50 will have some value and the investor will be able 
+to recover something from the position. This is distinctly different from the original 
+put holding of the October 45, whereby the maximum loss would be incurred unless 
+the stock were below 45 at expiration. Thus, the introduction of the spread also 
+reduces the chances of having to realize the maximum loss. 
+In summary, the put holder faced with an unrealized loss may be able to create 
+a spread by selling twice the number of puts that he is currently long and simultane­
+ously buying the put at the next higher strike. This action should be used only if the 
+spread can be transacted at a small debit or, preferably, at even money (zero debit). 
+The spread position offers a much better chance of breaking even and also reduces 
+the possibility of having to realize the maximum loss in the position. However, the 
+introduction of these loss-limiting measures reduces the maximum potential of the 
+position if the underlying stock should subsequently decline in price by a significant 
+amount. Using this spread strategy for puts would require a margin account, just as 
+calls do. 
+THE CALENDAR SPREAD STRATEGY 
+Another strategy is sometimes available to the put holder who has an unrealized loss. 
+If the put that he is holding has an intermediate-term or long-term expiration date, 
+he might be able to create a calendar spread by selling the near-term put against the 
+put that he currently holds. 
+Example: An investor bought an XYZ October 45 put for 3 points when the stock was 
+at 45. The stock rises to 48, moving in the wrong direction for the put buyer, and his 
+put falls in value to 1 ½. He might, at that time, consider selling the near-term July 
+45 put for 1 point. The ideal situation would be for the July 45 put to expire worth­
+less, reducing the cost of his long put by 1 point. Then, if the underlying stock 
+declined below 45, he could profit after July expiration. 
+The major drawback to this strategy is that little or no profit will be made - in 
+fact, a loss is quite possible - if the underlying stock falls back to 45 or below before 
+the near-term July option expires. Puts display different qualities in their time value 
+premiums than calls do, as has been noted before. With the stock at 45, the differ­
+ential between the July 45 put and the October 45 put might not widen much at all. 
+This would mean that the spread has not gained anything, and the spreader has a loss 
+equal to his commissions plus the initial unrealized loss. In the example above, ifXYZ 
+dropped quickly back to 45, the July 45 might be worth 1 ½ and the October worth 
+2½. At this point, the spreader would have a loss on both sides of his spread: He sold 
+the July 45 put for 1 and it is now 1 ½; he bought the October 45 for 3 and it is now