Add training workflow, datasets, and runbook

training_data/curated/text/d88e99bc726f5fca1a4539615c3251d83dcefd13c05ae9065d4dc50059c56883.txt

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+Delta
+Some of Kim’s risks warrant more concern than others. With this position,
+delta is of the greatest concern, followed by theta. Kim expects the call to
+rise in value and accepts the risk of decline. Delta exposure was her main
+rationale for establishing the position. She expects to hold it for about three
+weeks. Kim is willing to accept the trade-off of delta exposure for theta,
+which will cost her three weeks of erosion of option premium. If the
+anticipated delta move happens sooner than expected, Kim will have less
+decay. Exhibit 4.3 shows the value of her 35 call at various stock prices
+over time. The left column is the price of Disney. The top row is the number
+of days until expiration.
+EXHIBIT 4.3 Disney 35 call price–time matrix–value.
+The effect of delta is evident as the stock rises or falls. When the position
+is established (44 days until expiration), the change in the option price if the
+stock were to move from $35 to $36 is 0.62 (1.66 − 1.04). Between stock
+prices of $36 and $37, the option gains 0.78 (2.44 −1.66). If the stock were
+to decline in value from $35 to $34, the option loses 0.47 (1.04 − 0.57). The
+option gains value at a faster rate as the stock rises and loses value at a
+slower rate as the stock falls. This is the effect of gamma.