BTC Options

BTC Monthly Options are European-style, cash-settled contracts denominated in USD

GFBTO

GFO-X/Coin Metrics Single Asset Real-Time Bitcoin Index (GFOXBR)

US Dollars and Cents

1 BTC

Cash-settled

European-style exercise

$10 USD

$1 USD (If premium drops below $10)

Serials: First 3 serial months expiries from the Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sept, Oct, Nov, Dec cycle 

Quarterlies: Next 3 quarterly expiries from the Mar, Jun, Sep, Dec cycle

Trading terminates at 16:00 London time on the last Friday of the Contract Month. If the last Friday is not a Trading Day, trading terminates on the prior Trading Day

First Trading Day after last Trading Day

TBC

The Daily Settlement Price is based on GFO-X’s Settlement Price Determination Methodology at 17:30 London Time

The Final Settlement Price is calculated on the Last Trading Day for that Contract Month based on the GFO-X/Coin Metrics Single Asset London 4pm Bitcoin Index (GFOXBE) which is a Time Weighted Average Price between 15:01 and 16:00 London Time on the GFOXBR Index. Any In-the-Money Options are automatically exercised

25 lots