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# ZEC options configuration

The reference configuration for the ZEC Dated Options contract:

| Parameter            | Value                               |
| -------------------- | ----------------------------------- |
| Product type         | Dated European Option               |
| Symbol format        | ZEC-USD-\{Expiry}-\{Strike}-\{Type} |
| Base currency        | ZEC                                 |
| Quote currency       | USD                                 |
| Settlement currency  | USDC                                |
| Price tick size      | 0.001 USD                           |
| Order size increment | 0.1 ZEC                             |
| Minimum order value  | 20 USD                              |
| Maximum order size   | 2,000 ZEC                           |
| Maximum open orders  | 150                                 |
| Position limit       | 20,000 ZEC                          |
| Spot band factor     | 50%                                 |
| IV band factor       | 50%                                 |

## Margin Configuration

* [Cross Margin Requirements](/trading/dated-options/margin-requirements) — cross-margin IMR/MMR parameters for trading options
* [Portfolio Margin](/risk/portfolio-margin) — portfolio-level risk evaluation for reduced margin on hedged portfolios