Description

A monthly Option on the corresponding Contract Period of the Bakkt Bitcoin (USD) Monthly Future.

Market Specifications

Trading Screen Product Name

Bakkt BTC (USD) Monthly Future

Trading Screen Hub Name

ICUS

Contract Symbol

BTM

Contract Size

One Bitcoin

Price Quotation

US Dollars per Bitcoin, to two decimal places.

Contract Series

Up to three consecutive monthly Contract Periods

Minimum Price Fluctuation

$2.50 per Bitcoin ($2.50 per contract)

Strike Price Intervals

Strike prices will be listed in $500 strike intervals. The Exchange will always list a minimum of 10 strike prices above and below the at-the-money strike for any given Contract Period.

Additional strike prices are added according to futures price movements. User-defined Strike Prices are allowed in $250 increments

Option Style

European

Exercise

Automatic Only

Daily Settlement Window

16:58-17:00 (4:58-5:00 PM EPT)

Last Trading Day

The second Business Day prior to the Last Trading Day of the Underlying Futures Contract Month.

Off Exchange Trade Types

10 lot minimum

Position Limit

"Position Limit and Position Accountability information for all IFUS products can be found here.

MIC Code

IFUS

Clearing Venues

ICUS

Trading Hours

Codes