FX Options and Structured Products
Uwe Wystup
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A guy in a balloon had fallen asleep and when he woke up wanted to find out where he was. So
he approached the earth and asked the nearest person on the ground that he found, “Excuse me,
sir, do you know where I am?”. The man on the ground replied, “Yes, you are 45◦ and 17 north,
14◦ and 03 west and 2.55 meters above ground zero.” The man in the balloon was stunned and
answered, “You must be an FX trader.” – “Indeed, yes I am, but how do you know?” – “You
appear very busy, you speak loud and fast, you tell me a lot of detailed but useless information,
and I still don’t know where I am.” – “And you must be in FX sales, right?” – “I am, but
now how did you know?” – “Very obvious: you fall asleep in the middle of the day, you have
risen to your current position due to a lot of hot air, you don’t know where you are, you don’t
understand what I am telling you, have no clue what’s going and as the cherry on the cake,
you make me feel like it’s my fault.”