Add training workflow, datasets, and runbook

training_data/relevant/text/24a656429255be1db979c7add011f01f69761a788d72e426393268cf67ac3a3c.txt

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+Gaining Exposure 	 	•	 189
+Long Call
+GREEN
+Downside: Fairly priced
+Upside: Undervalued
+Execute: Buy a call option
+Risk: Amount equal to premium paid
+Reward: Unlimited less amount of premium paid
+The Gist
+An investor uses this strategy when he or she believes that there is a material 
+chance that the value of a company is much higher than the present market price. 
+The investor must pay a premium to initiate the position, and the proportion of 
+the premium that represents time value should be recognized as a realized loss 
+because it cannot be recovered. If the stock fails to move into the area of exposure 
+before option expiration, there will be no profit to offset this realized loss.
+In economic terms, this transaction allows an investor to go long an 
+undervalued company without accepting an uncertain risk of loss if the 
+stock falls. Instead of the uncertain risk of loss, one must pay the fixed pre-
+mium. This strategy obeys the same rules of leverage as discussed earlier 
+in this book, with in-the-money (ITM) call options offering less leverage 
+but being much more forgiving regarding timing than are at-the-money 
+(ATM) or especially out-of-the-money (OTM) options.