Add training workflow, datasets, and runbook

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Chapter 41: Taxes 931
in any of the strategies. Commission costs and the dissipation of time value premium
in purchased options will both work against the strategist.
A tax advisor should be consulted before actually implementing any tax strate­
gy, whether that strategy employs options or not. Tax rules change from time to time.
It is even possible that a certain strategy is not covered by a written rule, and only a
tax advisor is qualified to give consultation on how such a strategy might be inter­
preted by the IRS.
Finally, the options strategist should be careful not to confuse tax strategies with
his profit-oriented strategies. It is generally a good idea to separate profit strategies
from tax strategies. That is, if one finds himself in a position that conveniently lends
itself to tax applications, fine. However, one should not attempt to stay in a position
too long or to close it out at an illogical time just to take advantage of a tax break. The
tax consequences of options should never be considered to be more important than
sound strategy management.