Add training workflow, datasets, and runbook

training_data/curated/text/a8c58fd371d6b99527e3b741c15c31a90909fd4db038cc89db21a4acc6c4a6be.txt

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+Index 
+PERCS (Preferred Equity Redemption Cumulative 
+' Stock) (continued) 
+pricing, 634-636 
+protecting PERCS with listed options, 625-626 
+redemption feature, removing, 626-627 
+redemption price, changing, 627-629 
+rolling down/up, 628-629 
+selling call against long PERCS as ratio write, 
+629-631 
+selling short, 632-633 
+summary, 636-637 
+Phantom interest, 592 
+Philadelphia Stock Exchange (PHLX), 671, 673, 
+678-679 
+Portfolio hedge, 539-541 
+Portfolio insurance, 563-564 
+Position delta, 162-163, 167 
+Position limit rule, 253 
+Position vega, 757 
+POT system of NYSE, 555-556 
+Premium, 7-8 
+time value, 7-8 
+Price of option, factors influencing, 9-15 
+cash dividend rate of underlying stock, 14-15 
+dividends and lower call option price, 14-15 
+call option price curve, 10-13 
+market dynamics, nonquantitative, 15 
+risk-free interest rate, 14 
+striking price of option, 9-10 
+time remaining until expiration, 11-13 
+time value premium decay, 13-14 
+underlying stock, price of, 9-10 
+volatility of underlying stock, 13-14 
+Price-weighted indices, 497-500 
+computing, 497-498 
+divisor, 497-500 
+Dow Jones indices, 499 
+each stock with equal number of shares, 497, 499 
+Major Market Index (XMI), 499 
+Probability calculator, 798-799, 824, 827-829 
+Probability of stock price movement, 798-809 (see also 
+Stock prices) 
+Profits, locking in, four strategies for, 108-111 
+Program trading, 537-547 (see also Stock index 
+hedging) 
+Protected short sale, 118-121, 270 (see also Call buying 
+strategies) 
+Protective collar, 275 
+no-cost, 278-280 
+and splitting strikes, 328 
+Put, sale of, 291-301 
+buying stock below its market price, 299-300 
+caution, 299-300 
+covered put, 300 
+follow-up action, 295-296 
+naked put write, evaluating, 296-298 
+ratio put writing, 300-301 
+uncovered, 292-295 
+cash-based put writing, 294-295 
+993 
+covered call writing, similarity to, 293-294 
+naked put writing, differences between, 294-295 
+Put arbitrage, 445 (see also Arbitrage) 
+Put bear spreads, effects on of implied volatility 
+changes, 777-778 
+Put buying: 
+in conjunction with call purchases, 281-291 
+mathematical calculations of volatility, applying to, 
+478-479 
+straddle buying, 282-288 
+equivalences, 283-284 
+follow-up action, 285-288 
+reverse hedge, equivalent to, 283 
+reverse hedge with puts, 284 
+selecting, 285 
+strangle, buying, 288-291 
+trading against straddle, 287 
+Put buying in conjunction with common stock owner­
+ship, 271-280 
+as protection for covered call writer, 275-278 
+bull spread as equivalent, 278 
+long-term effects, 277-278 
+protective collar, 275, 278-280 
+rolling down, 276 
+no-cost collars, 278-280 
+lower strikes as partial covered write, 279-280 
+synthetic long call, 271 
+tax considerations, 275 
+which put to buy, 273-274 
+equivalent strategies, 27 4 
+slightly out-of-the-money put preferable, 27 4 
+Put option: 
+effects on of implied volatility changes, 765-766 
+pricing, applying mathematical calculations of 
+volatility to, 4 77-4 78 
+Put option basics, 245-255 
+assignment, 250-253 
+anticipating, 251-252 
+and dividend payment dates, 252 
+position limits, 253 
+conversion, 253-255 
+no risk, 254 
+reversal. 254 
+dividends, effect of on premiums, 248-250 
+exercise, 250-253 
+in-the-money, 246-247 
+out-of-the-money, 246-247 
+pricing, 247-248, 249 
+implied volatility, 248