"And who might you be?"
"I am a Short Put," replied the apparition.
"Thank God I have finally discovered you," ejaculated the Risk Manager, "for I have seen your effect yet could not determine to which Book you belong."
"Actually," replied the Short Put,"I belong to you. Did you not notice that my premium was equal to your salary?"
"Well," countered the Risk Manager, "be that as it may, you seem very large to have been sold for such a trifling amount. Pray tell, what is your exercise price?"
The Short Put giggled,"The exercise price equals the P/L of another over whom you have no control..."
"I do not find that the least bit humourous," objected the Risk Manager, "particularly as I do not as yet know the underlying commodity."
"Of all the things about me, that should be the most obvious," declared the Short Put, "The underlying is Your Job."