Put your hand up if you know what the following mean – Married Put, Protective Collar and Long Straddle? How about Iron Butterfly then? They are all terms used by option traders on the world’s financial markets – no place for the faint hearted.
What do two option traders from Sydney’s Northern Beaches do, when deciding to step out of the pressure cooker of the trading floor? Go drinking at the New Brighton in Manly for starters, but the real answer is they became punters.
Tom and Thomas (yes it makes it tricky to write!) turned their backs on the Australian Stock Exchange after a combined 25 years working in the mysterious world of financial markets.