| 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. |
| |