Bermuda Option Triangle

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Myths and legends of the market
The JC’s guide to the foundational mythology of the markets.™
Some cash-settled equity options being pulled into the vortex yesterday. (von Sachsen-Rampton, 1952)
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The area of the equities markets, characterised by magnetic personalities, irrational fears and a total lack of modernising momentum, in which reforming idealists so frequently come to grief.

In late June 2011 a squadron of Linklaters FPML Avenger syntax bombers, on a routine redrafting mission for the 2011 Equity Derivatives Definitions, disappeared after encountering text navigation issues. The mission encountered unprecedented levels clear-air tedium, financial instruments went haywire, they lost contact with reality and, running low on credibility after several hours struggling to maintain attitude, and ditched in the Synthetic Sea west of the Florida Keys.

See also