Add training workflow, datasets, and runbook

training_data/curated/text/f41169e85808e61f8cb3ffaad9e7065021ebfc21023bcb5bc9f5727a6f540429.txt

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+176  •   The Intelligent Option Investor
+02468 10 12 14 16 18 20 22 24
+Stock Price
+Unlevered Investment (Full Allocation)
+Gain (Loss) on Allocation
+26 28 30 32 34 36 38 40 42 44 46 48 50(6,000)
+(4,000)
+(2,000)
+-
+2,000
+4,000
+6,000
+8,000
+Unrealized Gain
+Unrealized Loss
+Cash Value
+Net Gain (Loss) - Unlevered
+Realized Loss
+Here the future stock price is listed from 0 to 50 on the horizontal axis, 
+and the net profit or loss to this position is listed on the vertical axis. Obvious-
+ly, any gain or loss would be unrealized unless Intel’s stock price went to zero, 
+at which point the total position would only be worth whatever spare cash we 
+had. The black profit and loss line is straight—the position will lose or gain on 
+a one-for-one basis with the price of the stock, so our leverage is 1.0.
+Now that we have a sense of what the graph for a straight stock 
+position looks like, let’s take a look at a few different option positions. 
+When I drew the data for this example, the following 540-day expiration 
+call options were available:
+Strike Price Ask Price Delta
+15 8.00 0.79
+22 2.63 0.52
+25 1.43 0.35
+Let’s start with the ITM option and construct a simple-minded posi-
+tion that attempts to buy as many of these option contracts as possible with 
+the $5,000 we have reserved for this investment. We will pay $8 per share