Add training workflow, datasets, and runbook

training_data/curated/text/cf0671e29463db41e6f69b6e57838f2faa55fb3de7730eced591d248f4b84d13.txt

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+495
+OPTION TrAdINg STrATegIeS
+well prefer a long in-the-money call position to a long futures position combined with a protective 
+sell stop order. In any case, the key point is that the trader who routinely compares the strategies 
+of buying an in-the-money call versus going long futures with a protective sell stop should enjoy an 
+advantage over those traders who never consider the option-based alternative. 
+    FIGURE   35.3c    Profi  t/loss Profi  le: long Call (In-the-Money) 
+Price of August gold futures at option expiration ($/oz)
+Futures price at
+time of position
+initiationStrike price
+Breakeven price = $1210.10
+Profit/loss at expiration ($)
+1,000
+10,000
+−10,000
+−15,000
+5,000
+−5,000
+0
+15,000
+20,000
+1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400
+ tabLe 35.3c     profit/Loss Calculations: Long Call (In-the-Money)  
+(1) (2) (3) (4) (5)
+Futures price at 
+expiration ($/oz)
+premium of august $1,100 
+Call at Initiation ($/oz)
+$ amount of 
+premium paid
+Call Value at 
+expiration
+profit/Loss on 
+position [(4) – (3)]
+1,000 110.1 $11,010 $0 –$11,010
+1,050 110.1 $11,010 $0 –$11,010
+1,100 110.1 $11,010 $0 –$11,010
+1,150 110.1 $11,010 $5,000 –$6,010
+1,200 110.1 $11,010 $10,000 –$1,010
+1,250 110.1 $11,010 $15,000 $3,990
+1,300 110.1 $11,010 $20,000 $8,990
+1,350 110.1 $11,010 $25,000 $13,990
+1,400 110.1 $11,010 $30,000 $18,990