# 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.)

{% hint style="info" %}
More detailed specs on specific products can be found in the [Trading](https://docs.ithacaprotocol.io/docs/ithaca-app/trading) section.
{% endhint %}

## 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](https://www.cmegroup.com/education/courses/introduction-to-options/understanding-the-difference-european-vs-american-style-options.html) 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.