Add training workflow, datasets, and runbook

training_data/curated/text/dbee1c97a20bab5d6d819da65d4a9e649abf29e3509cc3a2e5c9c32a7f7ab034.txt

@@ -0,0 +1,31 @@
+20  •   The Intelligent Option Investor
+Any time a gain of exposure overlaps another gain of exposure, 
+the potential gain from an investment if the stock price moves into that 
+region rises. We will not represent this in the diagrams of this book, 
+but you can think of overlapping gains as deeper and deeper shades of 
+green (when gaining exposure) and deeper and deeper shades of red  
+(when accepting it).
+Now that you understand how to graphically represent gaining and 
+accepting exposure to both upside and downside directionality and how to 
+represent situations when opposing exposures overlap, we can move onto 
+the next section, which introduces the great flexibility options grant to an 
+investor and discusses how that flexibility can be used as a force of either 
+good or evil.
+Flexibility
+Again, the main takeaway of this section should be obvious from the title. 
+Here we will see the only two choices stock investors have with regard to 
+risk and return, and we will contrast that with the great flexibility an option 
+investor has. We will also discuss the concept of an effective buy price and 
+an effective sell price—two bits of intelligent option investor jargon. Last, 
+we will look at a typical option strategy that might be recommended by 
+an option “guru” and note that these types of strategies actually are at 
+cross-purposes with the directional nature of options that makes them so 
+powerful in the first place.
+Jargon introduced in this chapter is as follows:
+Effective buy price (EBP) Covered call
+Effective sell price (ESP) Long strangle
+Leg
+Stocks Give Investors Few Choices
+A stock investor only has two choices when it comes to investing: going 
+long or going short. Using our visualization technique, those two choices 
+look like this: