Add training workflow, datasets, and runbook

training_data/curated/text/b8ded9d052178628b6cd96badbecb05427000e656761787c8d6271f3884cc1f9.txt

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+182  •   The Intelligent Option Investor
+0 24681 01 21 41 61 82 02 22 4
+Stock Price
+Levered Strategy Overview
+Gain (Loss) on Allocation
+26 28 30 32 34 36 38 40 42 44 46 48 50(6,000)
+(4,000)
+(2,000)
+-
+4,000
+2,000
+6,000
+10,000
+12,000
+8,000 Unrealized Gain
+Unrealized Loss
+Cash Value
+Net Gain (Loss) - Levered
+Realized Loss
+Instrument Maximum-Loss Price Net Profit at Fair Value Estimate
+Stock $0 $1,472
+Option $15 (1.8 × stock loss) $3,803 (2.6 × stock profit)
+Three $800 option contracts represent $2,400 of capital or 48 percent of 
+this allocation’s capital. Thus 48 percent of the capital was lost with a 34.8 per-
+cent move downward in the stock, generating a −1.4 times value for the options 
+plus we add another −0.4 times value to represent the loss on the small stock 
+allocation; together these generate the −1.8 times figure you see on the loss side. 
+Of course, if the option loss is realized, we still own 100 shares, so the maximum 
+loss will not be felt until the shares hit $0, as shown in the preceding diagram.
+For the remainder of this book I will describe leverage positions us-
+ing the two following terms: loss leverage and profit leverage . I will write 
+these in the following way: 
+− X.x
+Y.y
+where the first number will be the loss leverage ratio, and the second 
+number will be the profit leverage ratio based on the preceding rules that