| Underlying | Hydrous ethanol fuel contract, in accordance with the technical specifications defined by the National Petroleum Agency (ANP). |
| Ticker | ETH |
| Option style | American. |
| Contract size | 30m³ (corresponding to 30,000 liters). |
| Quotation | Premium quotation expressed in Brazilian Reals per cubic meters 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 last business day of the contract month |
| Contract months | All months. |
| 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. |
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