| Underlying | Brazil Index 50 (IBrX 50). |
| Ticker | IBXL |
| Option style | European. |
| Contract size | Brazil Index 50 futures contract multiplied by the index point value in Brazilian Reals with each point being BRL1.00. |
| Quotation | Index points, expressed in IBrX 50 points. |
| Tick size | 1 index point. |
| Round-lot | 1 contract. |
| Last trading day | Expiration date |
| Expiration date | 1st business day of the contract month. |
| Contract months | Even months. |
| Option exercise | On the expiration date, the option exercise is performed automatically by B3, according 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
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 |
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