Add training workflow, datasets, and runbook

training_data/relevant/text/b5d927317966315138ee5a92dd7cedf71dd2a12ad48fe4fa8a7e8d72410a954a.txt

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+304 Part Ill: Put Option Strategies 
+TABLE 20-1. 
+Results at expiration of covered straddle write. 
+Stock (A) 100-Shore (8) Put 
+Price Covered Write Write 
+35 
+40 
+46 
+50 
+60 
+FIGURE 20-1. 
+-$1, 100 
+600 
+0 
++ 400 
++ 400 
+Covered straddle write. 
++$800 
+§ +$400 
+e ·5. 
+~ 
+al 
+en $0 en 0 ...J 
+c5 
+e a. ~, 
+,,' ,, ,, 
+,, ,, 
+,, ,, 
+,, 
+-$1, 100 
+600 
+0 
++ 400 
++ 400 
+100-Share Covered 
+Call Write 
+~-----------------► 
+, 46 50 
+Stock Price at Expiration 
+Covered Straddle 
+Write (A+ 8) 
+-$2,200 
+- 1,200 
+0 
++ 800 
++ 800 
+is below 46 at expiration. The covered straddle writer loses money twice as fast on 
+the downside, since his position is similar to a 200-share covered write. Because the 
+commissions are smaller for the naked put write than for the covered call write, the 
+covered call writer who adds a naked put to his position will generally increase his 
+return somewhat. 
+Follow-up action can be implemented in much the same way it would be for a 
+covered call write. Whenever one would normally roll his call in a covered situation,