Add training workflow, datasets, and runbook

training_data/curated/text/ff2a04b26d0c2579ea5c59f4ae0250965d78a246d1f90bc112014c252ed8642c.txt

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+Day Four
+Day four offered a rather unpleasant surprise. This was the day that the
+stock gapped open $4 lower. This is the kind of day short-gamma traders
+dread. There is, of course, no right way to react to this situation. The stock
+can recover, heading higher; it can continue lower; or it can have a dead-cat
+bounce, remaining where it is after the fall.
+Staring at a quite contrary delta of 11.20, Mary was forced to take action
+by selling stock. But how much stock was the responsible amount to sell for
+a pure short-gamma trader not interested in trading direction? Selling 1,120
+shares would bring the position back to being delta neutral, but the only
+way the trade would stay delta neutral would be if the stock stayed right
+where it was.
+Hedging is always a difficult call for short-gamma traders. Long-gamma
+traders are taking a profit on deltas with every stock trade that covers their
+deltas. Short-gamma traders are always taking a loss on delta. In this case,
+Mary decided to cover half her deltas by selling 560 shares. The other 560
+deltas represent a loss, too; it’s just not locked in.
+Here, Mary made the conscious decision not to go home flat. On the one
+hand, she was accepting the risk of the stock continuing its decline. On the
+other hand, if she had covered the whole delta, she would have been
+accepting the risk of the stock moving in either direction. Mary felt the
+stock would regain some of its losses. She decided to lead the stock a little,
+going into the weekend with a positive delta bias.