Add training workflow, datasets, and runbook

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Appendix A
Choose Your Battles
WiselY
I discuss specific option investment strategies in great detail in Part III
of this book. However, after reading Chapters 2 and 3, you should have a
good understanding of how options are priced, so it is a good time to see
in what circumstances the Black-Scholes-Merton model (BSM) works best
and where it works worst. An intelligent investor looks to avoid the condi-
tions where the BSM works best like the plague and seek out the conditions
where it works worst because those cases offer the best opportunities to tilt
the risk-reward balance in the investors favor.
Jargon introduced in this appendix includes
Front month
Fungible
Idiosyncratic assets
Where the BSM Works Best
The following are the situations in which the BSM works best and are the
conditions you should most avoid:
1. Short investment time horizons
2. Fungible investment assets