Add training workflow, datasets, and runbook

training_data/curated/text/d5e2d5cea7a3fd32d17a09103201d13e6c7134f28b60b00ebed3b30f34803901.txt

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+Index   • 309
+Expiration of options, 187
+Explicit forecast stage, 93–96
+Exposure:
+accepting, 14, 18–20
+canceling out, 18–20
+gaining, 13, 18–20
+notional, 173
+tailoring level of, 24
+(See also Ranges of exposure)
+Exposure-accepting strategies,  
+211–232
+margin requirements for, 211–212
+short call, 220–230
+short put, 212–220
+short straddle, 230–232
+short strangle, 231–232
+Exposure-gaining strategies, 187–209
+and expiration of options, 187
+long call, 189–201
+long put, 201–205
+straddle, 208–209
+strangle, 205–207
+Exposure-mixing strategies, 233–262
+collar, 258–262
+covered call, 240–248
+long diagonal, 235–237
+and OTM vs. ATM options, 233–234
+protective put, 248–258
+short diagonal, 238–240
+Exxon, 299n4 (Chapter 5)
+F
+False precision, 93, 96–97
+Fama, Eugene, 42
+Fat-tailed distribution, 45
+FCFO (see Free cash flow to owners)
+“Fight or flight” response, 118
+Financial crises, 302n2 (Chapter 11)
+Financial leverage:
+defined, 285–286
+investment vs., 164
+and level of investment leverage, 
+197–199
+Financial statements, xv
+Flexibility (with option investing), 20–28
+Float, 185
+Ford, 103, 272
+Forward prices:
+adding ranges to, 36–39
+calculating, 34–36
+defined, 35–36
+ranges of exposure and, 50–56
+Forward volatility:
+choosing forward volatility number, 
+156–160
+defined, 59–61
+and strike–stock price ratio, 67–74
+Free cash flow to owners (FCFO):
+defined, 82
+and drivers of value, 111–112
+in joint ventures, 84
+and supply-side constraints, 83
+Front-month contracts, 270
+Fungible assets, 272–273
+G
+Gains, levered vs. unlevered, 165
+Gaussian distribution (see Normal 
+distribution)
+GDP (gross domestic product), 
+104–108
+Gillette Razors, 84
+GM, 272
+Goals, for hedges, 257
+“Going long, ” 10, 21
+“Going short, ” 21
+Golden rule of valuation, 77–89
+cash flows generated on behalf of 
+owners in, 80–82
+and definition of assets, 78–80
+and drivers of value, 91–92
+and economic life of company, 82–86
+and summing cash flows from 
+different time periods, 87–89
+Google, 84, 127–130, 190
+“Greeks, ” xiv, 295n3