Options on U.S. Dollar Spot
- Specifications
| Underlying | The exchange rate of Brazilian Reals (BRL) per U.S. Dollar (USD). |
| Ticker | DOL |
| Option style | European. |
| Contract size | USD50,000.00 (fifty thousand U.S. Dollar). |
| Quotation | Option premium in BRL per USD1,000.00, to three decimal places. |
| Tick size | BRL0.001 per USD1,000.00. |
| Round-lot | 5 contracts. |
| Last trading day | Last trading day preceding the expiration date. |
| Expiration date | 1st business day of the contract month. |
| Contract months | All months. |
| Option exercise | On the expiration date, the option exercise is performed automatically by BM&FBOVESPA, subject to the following conditions:
Call option (call):
a) If the result of the difference between the settlement price of the contract object and the exercise price for the principal owner, is positive; and
b) the principal holder does not register on the trading system its intention not to exercise its call on the expiration date.
Put option (put):
a) If the result of the difference between the exercise price and the settlement price of the contract subject to the principal owner, is positive; and
b) the principal holder does not register on the trading system its intention not to exercise its put on the expiration date. |
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