Add training workflow, datasets, and runbook

training_data/curated/text/bf006718feffb141d3e771e9c6882938cc47d3be1852e80f5ae25dee70a26a2a.txt

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+Mixing Exposure  •  243
+ignore the fact that most people simply want to generate a bit of extra in-
+come out of the holdings they already have and so are psychologically re-
+sistant to both selling ATM (because this makes it more likely for their 
+shares to be called away) and selling at a time when the stock price sud-
+denly drop (because they want to reap the benefit of the shares recovering).
+Although I understand these sentiments, it is important to realize 
+that options are financial instruments and not magical ones. It would be 
+nice if we could simply find an investment tool that we could bolt onto 
+our present stock holdings that would increase the dividend a nice amount 
+but that wouldn’t put us at risk of having to deliver our beloved stocks to a 
+complete stranger; unfortunately, this is not the case for options.
+For example, let’s say that you own stock in a company that is paying out 
+a very nice dividend yield of 5 percent at present prices. This is a mature firm 
+that has tons of cash flow but few opportunities for growth, so management 
+has made the welcome choice to return cash to shareholders. The stock is trad-
+ing at $50 per share, but because the dividend is attractive to you, you are loathe 
+to part with the stock. As such, you would prefer to write the covered call at a 
+$55 or even a $60 strike price. A quick look at the BSM cone tells us why you 
+should not be expecting a big boost in yield from selling the covered calls:
+80
+Sold call
+range of
+exposure
+70
+60
+50
+40
+30
+20
+5/18/2012 5/20/2013 249 499 749 999
+Cash Flows R Us, Inc. (CASH)
+Date/Day Count
+Stock Price
+GREEN
+LIGHT GREENGRAY
+LIGHT REDRED