| Underlying | Ibovespa. |
| Ticker | IBOV |
| Option style | European. |
| Contract size | Ibovespa multiplied by the index point value in Brazilian Reals, each point BRL1.00. |
| Quotation | Option premium, expressed in Ibovespa index points. |
| Tick size | 5 index points. |
| Round-lot | 01 contract. |
| Last trading day | Last trading day preceding the 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 | 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; 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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