Ticker Symbols: Calls: KN Puts:JN

Underlying Contract: I Nikkei 225 futures contract

Strike Prices: 500 point intervals, e.g., 23000, 23500,24000

Premium Quotations: U.S. $ per Index point

Daily Price Min Price Fluct: 5 index points = $25.00/contract. (cabinet = $12.50)

Limit: None

Contract Months: All 12 calendar months

Trading Hours : (Chicago Time): 8:00 am-3:15 pm

Last Day of Trading: March, June, September, December: usually the business day preceding the second Friday of the contract month; other 8 months: the third Friday of the contract month.

Mini Perform Bond : No performance bond required for put or call option buyers, but the premium must be paid in full; option sellers must meet additional performance bond requirements as determined by the Standard Portfolio Analysis of Risk (SPAN ) performance bond system.

Exercise Procedure: An option may be exercised by the buyer on any business day that the option is traded and, for the March Quarterly Cycle months, on the settlement day. To exercise, the clearing member representing the buyer submits an exercise notice to the Clearing House by 7:00 p.m. on the day of exercise. Any long in-the- money option position not liquidated or exercised prior to termination of trading on the day of determination of the Final Settlement Price will be automatically exercised.