| Underlying | Arabica Coffee Future Contract 4/5 (Green coffe beans produced in Brazil, variety coffea Arabica, type 4-25 (4/25) or better, good cup or better, to be delivered in the city of São Paulo, State of São Paulo, Brazil). |
| Ticker | ICF |
| Option style | American. |
| Contract size | 100 bags weighing 60-net kilograms each (corresponding to 6 metric tons). |
| Quotation | Premium quotation expressed in Dollars of the United States per bag to two decimal places. |
| Tick size | USD0.01. |
| Round-lot | 1 contract. |
| Last trading day | The business day preceding the expiration date. |
| Expiration date | Second Friday of the month preceding the option calendar month. If this is not a business day, the expiration date shall be the preceding business day. |
| Contract months | Regular options:
• March, May, July, September, and December, whose underlying futures will respectively be the contract that expires in March, May, July, September, and December.
Serial options:
• January and February, whose underlying futures will be the contract that expires in March;
• April, whose underlying futures will be the contract that expires in May;
• June, whose underlying futures will be the contract that expires in July;
• August, whose underlying futures will be the contract that expires in September; and
• October and November, whose underlying futures will be the contract that expires in December. |
| Option exercise | On the expiration date, the option exercise is performed manually by the option holder respecting the trading hours pre-established by B3. If the option is not exercised it will be closed out by its writer. |
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