Basics

What are ACO tokens (Auctus Crypto options)?

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.

What is the difference between put and call?

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.

How to read an ACO token symbol?

The components of an ACO token symbol are:

1. Symbol of the underlying asset

2. Strike price & Strike Asset

3. Option type, either P or C, for put or call

4. Expiration

Example: ACO ETH-200USDC-C-26JUN20-0800UTC

Component	Value	Location in symbol
Underlying asset	ETH	ACO ETH-200USDC-C-26JUN20-0800UTC
Strike Price & Asset	200 USDC	ACO ETH-200USDC-C-26JUN20-0800UTC
Option Type	CALL	ACO ETH-200USDC-C-26JUN20-0800UTC
Expiration	26JUN20-0800UTC	ACO ETH-200USDC-C-26JUN20-0800UTC

The above symbol represents a call option on ETH, expiring on 26 June 2020 08:00 UTC, with a strike price of 200 USDC.

One token "ACO ETH-200USDC-C-26JUN20-0800UTC" gives the owner the right to buy 1 ETH for 200 USDC (that's the strike price), regardless of the market price of ETH, until the expiration time.