BTC European Call Option (Month)
Name: BTC European Call Option (Month)
(name of the contract, time of the contract is a month)
Code: Month BTC call 0604
(code of the contract)
Option Standard: BTC
(underlying asset of the contract is BTC)
Contract type: European Call Option
( A European option is an option that can only be exercised at the end of its life, at its maturity. While American option can be exercised any time between purchase and the expiration date.)
Unit of Valuation: USDT
(you need USDT to buy contract)
Minimum price unit： 0.0001USDT
Contract proportion： 1000:1，each option contract represents the purchase right of 0.001 BTC
(Only 1,000 contracts can have the right to buy a BTC, but sometimes one contract can buy multiple underlying assets, such as HT’s contract.)
Delivery methods: cash-settled
(delivery: exercise your right;
Cash-settled: automatic profit calculation after completion of the transaction)
Strike Price： 9688.00USDT
(To exercise your right, you need to buy a BTC, if the market price is 10688USDT, and your right price is 9688USDT, so the price difference is 1000USDT, and cash-settled will send you 1000USDT directly, while physical delivery demands you to actually buy a BTC with the price of 9688USDT.)
Date of Short： 17:00, 05/04/2018
Option expiration date: 16:00, 06/04/2018
Time limit for transaction: From 17:00, 05/04/2018 to 16:00, 06/04/2018
Date of exercise： 16:00, 06/04/2018
The way to confirm the performance price: The average price of the platform confirmation transaction price of BTC/USDT on the last hour of the final trading day.
(Determination of the market price; taking an average of one hour’s price on multiple platforms to prevent the dealer from maliciously controlling the spot price.)
Performance price recognition platform: Huobi.pro, OKEX.com
Weight ratio of performance price： 50%:50%
BTC European Put Option (Month)
(Put Option is similar to Call Option, but Call Option is the right to buy while Put Option is the right to sell.)
Name: BTC European Put Option (Month)
Code: Month BTC put 0604
Option Standard: BTC
Contract type: European Put Option
Unit of Valuation: USDT
Minimum price unit： 0.0001USDT
Contract proportion： 1000:1，each option contract represents the purchase right of 0.001DASH
Delivery methods: cash-settled
Strike Price： 9688.00USDT
Date of short： 17:00, 05/04/2018
Option expiration date: 16:00, 06/04/2018
Time limit for transaction: From 17:00, 05/04/2018 to 16:00, 06/04/2018
Date of exercise： 16:00, 06/04/2018
The way to confirm the performance price: The average price of the platform confirmation transaction price of DASH/USDT on the last hour of the final trading day.
Performance price recognition platform: Huobi.pro, OKEX.com
Weight ratio of performance price： 50%:50%
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