Common Product Specifications

Ithaca 1.0 Product Range

• Vanilla Products (Options, Digital Options, Forwards)

• Dynamic Option Strategies (e.g. Spreads, Straddles, Condors, Risk Reversals, etc.)

• Stories (Twin-win, Barriers, etc.)

More detailed specs on specific products can be found in the Trading section.

Common Product Specifications

Underliers

Ithaca 1.0 will launch with WETH/USDC as underlying with more pairs to be added in the future.

The premium currency is USDC.

Exercise Style

European, auto-exercised (a European option can be exercised only at expiration).

Ithaca Strikes

• Central strike: Closest rounded to the nearest $100 ETH price.

• 4 lower strikes: ($) 100, 200, 300, 400 lower than central strike.

• 4 higher strikes: ($) 100, 200, 300, 400 higher than central strike.

• Barrier strikes (Knock-In/Knock-Out) will only be chosen among these 9 strikes.

Ithaca Expiries

• Every Friday within the same month.

• Every Friday that is less than 31 days away.