Add training workflow, datasets, and runbook

training_data/relevant/text/1a363ef39d20bc211801528076c5f0e1bc7ab8d5403b51edebc8cad78dc4a820.txt

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+ler 20: The Sale of a Straddle 
+GURE 20-2. 
+ked straddle sale. 
+307 
+Stock Price at Expiration 
+the stock at 52. If, however, he is planning to take other action that might involve 
+staying with the position if the stock goes to 55 or 56, he should allow enough collat­
+eral to be able to finance that action. If the stock never gets that high, he will have 
+excess collateral while the position is in place. 
+SELECTING A STRADDLE WRITE 
+Ideally, one would like to receive a premium for the straddle write that produces a 
+profit range that is wide in relation to the volatility of the underlying stock. In the 
+example above, the profit range is 38 to 52. This may or may not be extraordinarily 
+wide, depending on the volatility of XYZ. This is a somewhat subjective measure­
+ment, although one could construct a simple straddle writer's index that ranked strad­
+dles based on the following simple formula: 
+I d Straddle time value premium n ex= _______ ..._ ___ _ 
+Stock price x Volatility 
+Refinements would have to be made to such a ranking, such as eliminating cases in 
+which either the put or the call sells for less than ¼ point ( or even 1 point, if a more 
+restrictive requirement is desired) or cases in which the in-the-money time premium 
+is small. Furthermore, the index would have to be annualized to be able to compare 
+straddles for different expiration months. More advanced selection criteria, in the