ICE Futures U.S.

Option on Bakkt ™ Bitcoin (USD) Monthly Futures

Option on Bakkt ™ Bitcoin (USD) Monthly Futures72948304

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
Commodity Code
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 Method
Automatic Only
Daily Settlement Window
16:58-17:00 (4:58-5:00 PM EPT)
Last Trading Day
Four business days prior to the third Friday of the Contract Period.
Block Trades
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

CityTradingPre-Open
New York8:00 PM - 6:00 PM*
20:00 - 18:00
7:55 PM
19:55
London1:00 AM - 11:00 PM*
01:00 - 23:00
12:55 AM
00:55
Singapore9:00 AM - 7:00 AM*
09:00 - 07:00
8:55 AM
08:55

*Next Day

7:55 PM Pre-Open on Sunday evening

Codes

Clearing Admin Name
Bakkt BTC Month
Physical
BTM
Logical
BTM
GMI(FC)
R&N A.C.N.