Add training workflow, datasets, and runbook

training_data/curated/text/cbb6bc8784c55919bf1ad48dc4b6f5cd3448a8ef045b705c92d10647693e935b.txt

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+OPTION TrAdINg STrATegIeS
+to realize a profi  t, the futures price (as of the time of the option expiration) must penetrate the strike 
+price by an amount greater than the premium ($10.10/oz in the above example). Note that in the 
+out-of-the-money put position, price decreases that leave futures above the option strike price will 
+still result in a maximum loss on the option. The long out-of-the-money put might be a particularly 
+appropriate position for the trader expecting a large price decline, but also concerned about the pos-
+sibility of a large price rise. 
+ tabLe 35.5b     profit/Loss Calculations: Long put (Out-of-the-Money)  
+(1) (2) (3) (4) (5)
+Futures price at 
+expiration ($/oz)
+premium of august $1,100 
+put at Initiation ($/oz)
+$ amount of 
+premium paid
+Value of put 
+at expiration
+profit/Loss on 
+position [(4) – (3)]
+1,000 10.1 $1,010 $10,000 $8,990
+1,050 10.1 $1,010 $5,000 $3,990
+1,100 10.1 $1,010 $0 –$1,010
+1,150 10.1 $1,010 $0 –$1,010
+1,200 10.1 $1,010 $0 –$1,010
+1,250 10.1 $1,010 $0 –$1,010
+1,300 10.1 $1,010 $0 –$1,010
+1,350 10.1 $1,010 $0 –$1,010
+1,400 10.1 $1,010 $0 –$1,010
+Price of August gold futures at option expiration
+Futures price at time
+of position initiation
+Breakeven
+price
+= $1,089.90
+Profit/loss at expiration ($)
+1,000
+7,500
+10,000
+5,000
+−2,500
+2,500
+0
+1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400
+Strike price
+    FIGURE   35.5b    Profi  t/loss Profi  le: long Put (Out-of-the-Money)