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Flexibility
Allows investors to make faster strategic adjustments due to market variations and weekend events.
Weekly Options on Small Cap Index Expiring on Mondays
Greater efficiency in strategies and risk management
Greater efficiency in strategies and risk management
Since they were launched in 2024, Single Stock and ETF Options with Weekly Expirations have enjoyed considerable success at B3, both in terms of the number of contracts traded and in financial volume. Further expanding opportunities for investors in this market, on February 17, 2025, B3 introduced Weekly Options on Ibovespa. Therefore, investors now have at their disposal Options on Ibovespa expiring on Wednesdays; Options on Single Stock, ETFs and BDRs expiring on Fridays and Options on Small Cap Index expiring on the Wednesday closest to the 15th of each month.
Aimed at ongoing market development, B3 will also launch weekly Options on Small Cap Index (SMLL) expiring on Mondays. These options will have the same dynamics as the options on this index already available on the market and they are launched to further strengthen this asset class.
Therefore, investors wishing to structure their trades immediately after events and news released over the weekend will have greater flexibility and efficiency to adjust their strategies and manage the risk of their portfolios, responding more dynamically to market variations.
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Product benefits
Risk management
Additional alternative for portfolio hedging to protect investments with greater accuracy.
Operational ease
Expirations on different days of the week will optimize the market participant experience, ensuring that everyone may dedicate themselves appropriately to executing their transactions and analyses on each option expiration.
Learn more
With expiration on Mondays, the new option contracts allow for more agile and efficient strategic adjustments.
The new options on Small Cap Index (SMLL) will consist of contracts with exclusively cash settlement and expiration on every Monday of the month. The contracts have a standard ticker, but there will be a specific field to indicate the expiration week day. The structure of the ticker will follow the rationale below:
AAAABCCCXn, where:
AAAA: Underlying asset code (SMLL).
B: Identification of the expiration month and type of option (standard options structure from A to X).
CCC: Option series with 1 to 3 characters.
X: Identification of the expiration day of the week (A to E or W), as per the table below.
"A" - Indicates expiration on Monday. "B" - If Monday is not a business day, "B" will indicate that the option expires on Tuesday. "C” - If Monday and Tuesday are holidays, the expiration date will be Wednesday. If it coincides with the monthly expiration date, the code will be "W". "D" - If the next business day is Thursday. "E" - If the next business day is Friday.
n: Identification of the expiration week order from 1 to 5 (standard for weekly options).
Example: On Brazilian Carnival holidays, when Monday and Tuesday are not business days, the weekly Small Cap options will expire on Wednesday. Since this date coincides with the monthly expiration date of the Small Cap Index, the option will not be created with a "C", the code will follow the "W" pattern, resulting in the SMLLA100W1 contract (call option expiring on the first Monday of January). For more examples of tickers, see the presentation available in the support materials.
The Small Cap Index (SMLL) is an indicator that tracks the performance of companies with smaller capitalization listed on B3.
Timeline
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05/05/2025
Disclosure plan
Release plan disclosure
Technical details
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Catalog changes
No catalog changes
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Main systems
No system impacted
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Main related functions
No functions impacted
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Certification roadmap
Mandatory and not available
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What is the Sinacor version?
v25.1
