ACO tokens are tokenized options that convey to its holders the right, but not the obligation, to buy or sell an underlying cryptoasset at a specified price (Strike Price) at any time before or at expiration.
With a call option, the buyer has the right to buy the underlying asset at a specified price at any time before or at expiration.
With a put option, the buyer has the right to sell the underlying asset at a specified price at any time before or at expiration.
The components of an ACO token symbol are:
Symbol of the underlying asset
Strike price & Strike Asset
Option type, either P or C, for put or call
Location in symbol
Strike Price & Asset