The first contract month to be listed will be the January 2009 Contract Month. As a general matter, the Exchange intends to list contract months for each subsequent month that there is also listed a contract month in the underlying Central Appalachian Coal futures contract.

Trading Unit:

The Central Appalachian Coal Option is an American-style option. The Central Appalachian Coal Option put represents an option to assume a short underlying Central Appalachian Coal futures contract traded on the Exchange. The Central Appalachian Coal Option call represents an option to assume a long underlying Central Appalachian Coal futures contract traded on the Exchange.
Strike Price Intervals:
Five strike prices in increments of $2.50 per ton above and below the at-the-money strike price. Strike price boundaries are adjusted according to futures price movements.

Trading Hours:
The options will be listed on the NYMEX trading floor from 9:00 AM to 2:30 PM on Monday through Friday and on ClearPort® clearing from 6:00 PM Sunday through 5:15 PM Friday New York time, with a 45– minute break in trading between 5:15 PM and 6:00 PM on the applicable trading days.

Expiration Date:
The Central Appalachian Coal Option Contract shall expire three business days immediately preceding the expiration of the underlying Central Appalachian Coal futures contract. The expiration date shall be announced prior to the listing of the option contract.

Minimum Price Fluctuation
$0.01 (1¢) per ton.

Product Symbol: C1

Fee Schedule for all the above option contracts:
To be announced shortly

SPAN Margin Parameters
To be announced shortly.

Should you have any questions or require any further information, please contact ExchangeInformation@cmegroup.com.