Add training workflow, datasets, and runbook

training_data/curated/text/ec90d4e814cb5576fb4e33f1fc3a3640d80c80d8cc30523503500b6eefc2ccc7.txt

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+516A COMPleTe gUIde TO THe FUTUreS MArKeT
+ Strategy 8: Short Straddle (Short Call + Short put) 
+example . Sell August $1,200 gold futures call at a premium of $38.80/oz  ($3,880 ) and simultane-
+ously sell an August $1,200 put at a premium of $38.70/oz ($3,870). (See Table   35.8    and Figure   35.8   .)   
+Price of August gold futures at option expiration ($/oz)
+Futures price at time
+of position initiation
+and call and put
+strike prices
+Breakeven price
+= $1,122.50
+Breakeven price
+= 1,277.50
+Profit/loss at expiration ($)
+1,000
+5,000
+10,000
+15,000
+–10,000
+–5,000
+0
+1,050 1,100 1,150 1,200 1,250 1,300 1,350 1,400
+    FIGURE   35.7    Profi  t/loss Profi  le: long Straddle (long Call + long Put) 
+ tabLe 35.8     profit/Loss Calculations: Short Straddle (Short Call + Short put)  
+(1) (2) (3) (4) (5) (6) (7)
+Futures price 
+at expiration 
+($/oz)
+premium of august 
+$1,200 Call at 
+Initiation ($/oz)
+premium of august 
+$1,200 put at 
+Initiation ($/oz)
+$ amount of 
+total premium 
+received
+Call Value at 
+expiration
+put Value at 
+expiration
+profit/Loss on 
+position 
+[(4) – (5) – (6)]
+1,000 38.8 38.7 $7,750 $0 $20,000 –$12,250
+1,050 38.8 38.7 $7,750 $0 $15,000 –$7,250
+1,100 38.8 38.7 $7,750 $0 $10,000 –$2,250
+1,150 38.8 38.7 $7,750 $0 $5,000 $2,750
+1,200 38.8 38.7 $7,750 $0 $0 $7,750
+1,250 38.8 38.7 $7,750 $5,000 $0 $2,750
+1,300 38.8 38.7 $7,750 $10,000 $0 –$2,250
+1,350 38.8 38.7 $7,750 $15,000 $0 –$7,250
+1,400 38.8 38.7 $7,750 $20,000 $0 –$12,250