Specifications: Confers to buyer the right to buy (in the case of a call) or sell (in the case of put) one coffee "C" futures contract

Trading Unit: One coffee "C" futures contract

Trading Hours: 9:15 AM New York Time until the completion of the closing period which shall commence at 2:05 PM

Price Quotation: Cents per pound

Contract Months: Regular options: March, May, July, September, December, "Serial Options"; January, February, April, June, August, October, November

Option Cycles: Serial options are short-life options providing additional option expirations on existing futures contracts.

Min Price Fluct.: 1/100 cent per pound., equivalent to $3.75 per contract.

Daily Price Limits: None.

Position Limits: Options arc considered part of futures positions. 2.000 net long/short any one month; 4,000 net total. Combine published "futures equivalent" ratios of options positions with futures positions. Exemptions may apply for hedge, straddle and arbitrage positions.

Strike Price: Futures Contract Prices less than $1.00 will have increments of 2.5 cents, less than $2.00 increments of 5 cents and more than $2.00 increments of 10 cents.

Expiration Time: 9:00 PM New York Time on the last trading day. Notification of intention to exercise must be by an options holder to a carrying member firm by 4:00 PM on such day.

First Trading Day: Regular option: First trading day following the last trading day of any expiring regular option month. Serial options first trading day of the second calendar month preceding the serial option month.

Last Trading Day: First Friday of the calendar month preceding the contract month.