Add training workflow, datasets, and runbook

training_data/curated/text/ec233f600d84b0e4323a551d862a828c5945a4d3d67e04a4b69f4e9da531dbd9.txt

@@ -0,0 +1,37 @@
+Chapter 10: The BatterRy Spread 209 
+Long July 70 call . 
+Short July 60 call - Net credit 6½ points 
+This bear spread has a maximum profit potential of 6½ points anywhere below 60 at 
+July expiration. The maximum risk is 3½ points anywhere above 70 at expiration. 
+Thus, the original butterfly spread was again converted into a position such that a 
+stock price reversal to any price below 60 could produce something close to the max­
+imum profit. Moreover, the risk was only increased by an additional ½ point. 
+TABLE 10-4. 
+Initial spread and new current prices. 
+I nitiol Spread 
+XYZ common: 60 
+XYZ July 50 call: 12 
+July 60 call: 6 
+July 70 call: 3 
+SUMMARY 
+Current Prices 
+XYZ common: 
+July 50 call: 
+July 60 call: 
+July 70 call: 
+75 
+251/2 
+16 
+7 
+The butterfly spread is a viable, low-cost strategy with both limited profit potential 
+and limited risk. It is actually a combination of a bull spread and a bear spread, and 
+involves using three striking prices. The risk is limited should the underlying stock 
+fall below the lowest strike or rise above the highest strike. The maximum profit is 
+obtained at the middle strike. One can keep his initial debits to a minimum by ini­
+tially assuming a bullish or bearish posture on the underlying stock. If he would 
+rather remain neutral, he will normally have to pay a slightly larger debit to establish 
+the spread, but may have a better chance of making money. If the underlying stock 
+experiences a large move in one direction or the other prior to expiration, the spread­
+er may want to close the profitable side of his butterfly spread near its maximum 
+profit potential in order to be able to capitalize on a stock price reversal, should one 
+occur.