Trading Hours: 9:35 a.m. - 1:25 p.m. (Central Time) except on the last day of an expiring option, when trading shall terminate at 1:00 p.m. (Central Time)

Underlying Asset: One Minneapolis Grain Exchange Hard Red Spring Wheat futures contract (5,000 bushels)

Contract Months: March, May, July, September and December

Ticker Symbols: PW - puts; CW - calls

Min. Price Fluct.: 1/8 cent per bushel or $6.25 per contract.

Daily Price Limit: $ .20 per bushel (same as underlying futures). Subject to variable price limits.

Position Limits: Position limits shall be those limits currently in effect pursuant to Part 150 of the Regulations of the Commodity Futures Trading Commission.

Last Trading Day: Trading in an option class shall terminate on the last Friday which precedes by at least five business days, the First Notice Day of the underlying futures contract. If such a day is not an Exchange business day, then trading shall terminate on the preceding business day.

Exercise: The Clearing House of the Exchange must be notified of option holder's intention to exercise an option contract no later than 4:00 p.m. (Central Time) on any business day through and including the last trading day. NO AUTOMATIC EXERCISE.