Add training workflow, datasets, and runbook

training_data/relevant/text/3c916a19b95d3d2cefcd240ef834e1e1e57a4c15ec239e2438bc3abea10725fa.txt

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+992 
+Option purchase and spread, combining, 339-341 (see 
+also Spreads combining calls and puts) 
+Options: 
+arbitrageurs, role of, 19-21 
+risk arbitrage, 21 
+assignment, 7, 16-17 
+anticipating, 18-22 (see also Assignment) 
+margin requirements, 15-17 
+classes and series, 5-6 
+closing transaction, 6 
+commissions, 17-18 
+definition, 3-4 
+as derivative security, 4 
+"European" exercise options, 7 
+exercising, 6-7, 15-16 
+after, 17 
+early, due to discount, 19-20 
+early, due to dividends on underlying stock, 20-22 
+premature, 19-22 
+holder, 6 
+in-the-money, 7, 8 
+LEAPS, 5 
+symbols, 26-27 
+markets, 22 (see also Option markets) 
+open interest, 6 
+opening transaction, 6 
+option price and stock price, relationship of, 7-9 
+order entry, 32-34 
+good-until-canceled order, 34 
+information, 32 
+limit order, 33 
+market order, 32 
+market not held order, 33 
+stop-limit order, 33-34 
+stop order, 33 
+out-of-the-money, 7 
+parity, 8-9 
+premature exercise, 19-22 (see also Options, exercis­
+ing) 
+premium, 7-8 
+price, factors influencing, 9-15 (see also Price of 
+option) 
+profits and profit graphs, 34-35 
+specifications, four, 4 
+standardization, 4-5 
+expiration dates, 5 
+striking price, 5 
+symbology, 23-27 
+CBOE's Web site, 23 
+expiration month code, 23 
+LEAPS, 26-27 
+option base symbol, 23 
+stock splits, 27 
+striking price code, 24-25 
+summary, 27 
+wraps, 25-26 
+time value premium, 7-8, 11 
+trading details, 27-32 
+limit order, 28 
+one-day settlement cycle, 28 
+position limit and exercise limit, 31-32 
+rotation, 28 
+value, 4 
+as "wasting" asset, 4 
+writer, 6 
+Index 
+Options to buy, selecting, 101-103 (see also Call buying) 
+Options Clearing Corp. (OCC), 6, 15-16, 673 
+Options on futures, 660-673 (see also Futures and 
+futures options) 
+Options and Treasury bills, buying, 413-421 
+advantages, 413, 421 
+annualized risk, 416-418 
+excessive risk, avoiding, 420-421 
+how strategy works, 413-421 
+risk adjustment, 418-420 
+risk level, keeping even, 415-416 
+summary, 421 
+synthetic convertible bond, 414 
+Order entry for options, 32-34 (see also Options) 
+Original Issue Discount (OID), 592-593 
+Out-of-the-money: 
+call spread, 222-225 
+covered writes, 43-45, 93 
+definition, 7 
+for put options, 246-247 
+Outright option purchases and sales, effect of, on 
+implied volatility changes on, 757-762 
+Pairs trading, 454-455 
+Parity, 8-9 
+Percentile of implied volatility approach, 814-818 
+composite implied volatility reading, 815 
+historical and implied volatility, comparing, 817-818 
+PERCS (Preferred Equity Redemption Cumulative 
+Stock), 91, 619-637 
+call feature, 620-622 
+redemption price, 622 
+sliding scale, 620-621 
+covered call write, equivalent to, 622-623 
+definition, 619 
+life span, 619 
+owning as equivalent to sale of naked put, 626 
+price behavior, 623-625 
+strategies, 625-636 
+delta of imbedded call, using, 630-631 
+hedging PERCS with common stock, 631-6:32 
+issue price, determining, 633-634