Add training workflow, datasets, and runbook

training_data/relevant/text/ba52c956c5a362e9c6c5a1047d162a725214155f6682575a4b178851addf7004.txt

@@ -0,0 +1,27 @@
+258  •   The Intelligent Option Investor
+plan like this in place will allow you to size and time your hedges appropri-
+ately and will help you to make the most out of whatever temporary crisis 
+might come your way.
+2
+Now that you have a good understanding of protective puts and 
+hedging, let’s turn to the last overlay strategy—the collar.
+Collar
+Contingent Exposure
+Contingent Exposure
+Contingent Exposure
+GREEN
+LIGHT GREEN
+LIGHT ORANGE
+LIGHT RED
+ORANGE
+RED
+Downside: Irrelevant
+Upside: Undervalued
+Execute: Sell a call option on a stock or index that you own and on 
+which you have a gain, and use the proceeds from the call 
+sale to buy an OTM put 
+Risk: Flexible, depending on selection of strikes
+Reward: Limited to level of sold call strike
+Margin: None because the long position in the hedged security 
+serves as collateral for the sold call option, and the OTM 
+put option is purchased, so it does not require margining