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Let's take "BTC-21FEB-13120C-C(E)" as an example: "BTC" means the underlying asset is BTC_USDT spot index. "FEB" means the maturity date is in February. "C" (the first "C") is short for "call" while "P" is short for "put". "C" (the second "C") indicates that the same issuer has issued multiple BTC CBBCs that expire in the same month but with different terms.
Step 7: After successfully purchasing CBBC, you can view the status (including holding amount and PNL) of the CBBC you own in "Positions". Please note that as soon as the spot index reaches the call price, the contracts will be exercised and trading will be stopped, which is equivalent to forced liquidation in margin trading. Unextended CBBC will be settled on the maturity date, if not called before the maturity date.
If you want to sell CBBC to close the position, click on the "Sell" button, enter the selling price and amount as a limit order. Or click on "Market", select 100% and confirm. After verifying the fund password, the trade will be completed.
Note: Please make sure you have a clear understanding of the risks in CBBC trading before making any investment decisions.