Product sheet | B3
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Structured Operations
Options on Cash Settled Corn
Specifications
Underlying
Corn Future Contract (Yellow corn in bulk, with regular odor and appearance, hard or semihard from the latest crop).
Ticker
CCM
Option style
American.
Contract size
450 bags of 60 net kilograms each (corresponding to 27 metric tons).
Quotation
Premium quotation expressed in Brazilian Reals per bags to two decimal places.
Tick size
BRL0.01.
Round-lot
1 contract.
Last trading day
The business day preceding the expiration date.
Expiration date
The 15th of the contract month. If this is not a business day, the expiration date shall be the following business day.
Contract months
January, march, may, july, august, september and november.
Option exercise
On the expiration date, the option exercise is performed automatically by B3, 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.
Participant ranking (number of contracts) - 12/2021
112,451
XP INVESTIMENTOS CCTVM S/A
19,252
NOVA FUTURA CTVM LTDA
13,412
BTG PACTUAL CTVM S.A.
4,142
STONEX DTVM LTDA
4,133
NECTON INVESTIMENTOS S.A. CVMC
Participation by investor type - 05/2022
12%
Financial institution
24%
Institutional investor
20%
Non-resident
12%
Natural person
32%
Others