Options on Ibovespa
- Specifications
| Underlying | Ibovespa. |
| Ticker | IBOV |
| Option style | European. |
| Contract size | Ibovespa multiplied by the index point value in Brazilian Reals, each point BRL 0.01. |
| Quotation | Option premium, expressed in Ibovespa index points. |
| Tick size | 5 index points. |
| Round-lot | 01 contract. |
| Last trading day | Expiration date |
| Expiration date | Closest Wednesday to the 15th calendar day of the contract month. If this day is a holiday or a non-trading day at B3, the last trading day will be on the following business day. |
| Contract months | All months. |
| Option exercise | Call: On the expiration date of the Option, the exercise will be conducted by B3 if the settlement price of the Bovespa Index exceeds the strike price of the Option
Put: On the expiration date of the Option, the exercise will be conducted by B3 if the settlement price of the Bovespa Index lower than the strike price of the Option |
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