Add training workflow, datasets, and runbook

training_data/curated/text/a2511dc8fa933f0fce8dd873419a61eb6a24ec4d47dcc6a490df02004a697b8f.txt

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+FIGURE 36-2. 
+Sample stock chart. 
+:::::::::r;~.w· r 
+I 
+, .. ~ 
+n 
+I 
+ll•• ~N 
+IT 
+Part VI: Measuring and Trading Volatllity 
+: 
+I 
+I 
+j 
+j 
+~ 
+JI 
+• I' 
+'Vn ~- A 
+Its price movements have been less extreme in the near term. 
+Again referring to Figure 36-2, note that shortly after point A, the stock jumped 
+much higher over a short period of time. Price action like this increases the implied 
+volatility dramatically. And, at the far right edge of the chart, the stock had stopped 
+rising but was swinging back and forth in far more rapid fashion than it had been at 
+most other points on the chart. Violent action in a back-and-forth manner can often 
+produce a higher historical volatility reading that straight-line move can; it's just the 
+way the numbers work out. So, by the far right edge of the chart, the 10-day histori­
+cal volatility would have increased rather dramatically, while the longer-term meas­
+ures wouldn't be so high because they would still contain the price action that 
+occurred prior to point A. 
+At the far right edge of Figure 36-2, these figures might apply: 
+l 0-day historical volatility: 80% 
+20-day historical volatility: 75% 
+50-day historical volatility: 60% 
+l 00-day historical volatility: 55% 
+With this alignment of historical volatilities, one can see that the stock has been 
+more volatile recently than in the more distant past. In Chapter 38 on the distribu­
+tion of stock prices, we will discuss in some detail just which one, if any, of these his­
+torical volatilities one should use as "the" historical volatility input into option and