Add training workflow, datasets, and runbook

training_data/curated/text/e312ea218c8045f6316b5e7ef608742698bf27063e7bb288cde961e955db2aa5.txt

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+70  •   The Intelligent Option Investor
+We, of course, know that it is worth less because after the announce-
+ment, there is only the smallest sliver of the call’s range of exposure con-
+tained within the BSM cone. 
+Volatility Rise Fails to Offset Inaccurate Directional Prediction
+Let’s say that we are bullish on the Antelope Bicycle Co. (ABC) and, noting 
+that the volatility looks “cheap, ” buy call options on the shares. In this case, 
+an investor would be expecting to make money on both the stock price and 
+the implied volatility increasing—a situation that would indeed create an 
+amplification of investor profits.
+We buy a 10 percent OTM call on ABC that expires in 60 days when 
+the stock is trading for $50.
+20
+25
+30
+35
+40Stock Price 45
+50
+55
+Antelope Bicycle Corp. (ABC)
+60
+GREEN
+The next morning, while checking our e-mail and stock alerts, we find 
+that ABC has been using a metal alloy in its crankshafts that spontaneously 
+combusts after a certain number of cranks. This process has led to severe 
+burn injuries to some of ABC’s riders, and the possibility of a class-action 
+lawsuit is high. The market opens, and ABC’s shares crash by 10 percent. At 
+the same time, the volatility on the options skyrocket from 15 to 35 percent