Contract Specifications
Last updated
Last updated
*Settlement Period
Before settling expired options, Siren Protocol waits for 12 hours in case of an oracle price dispute.
**Expiration Dates
D0/D1: current day or next day (if current time is > 8 a.m. UTC)
W+1: the nearest Friday from the current or next day
W+2: next Friday from the current or next day
M+1: last Friday in +1 month from the current or next day
M+2: last Friday in +2 months from the current or next day
M+3: last Friday in +3 months from the current or next day
Q+1: last Friday in +1 quarter from the current or next day
Q+2: last Friday in +2 quarter from the current or next day
Contract Type
Call and Put Options
Style
European
Method of Exercise
Cash Settlement in USDC
Settlement Asset
USD Coin (USDC)
Trading Hours
24/7
Expiration Date & Time
D0/D+1*, or Friday at 8am UTC
Settlement Period**
8am – 8pm UTC
Multiplier
1 (1 contract = 1 underlying asset)
Minimum Order Value
0.000001 contract
Contract Expirations**
D0/D+1, W+1, W+2, M+1, M+2, M+3, Q1, and Q+2