CME Group will launch Ethanol Options on the CBOT electronic platform on October 5, 2007. The Ethanol Options will trade electronically from 6:36 p.m. to 6:00 a.m. and 9:30 a.m. to 1:15 p.m. Chicago Time, Sunday through Friday.

Please view the following specifications for Ethanol Options:

Trading Hours:
Electronic: 6:36 p.m. to 6:00 a.m. and 9:30 a.m. to 1:15 p.m. Chicago Time, Sunday through Friday.

Ticker Symbol:
Electronic: OZEC/OZEP

QVS Product Grouping:
Promotional

Trading Unit:
1 CBOT Denatured Fuel Ethanol Futures Contract

Contract Month Cycle:
In accordance with CBOT Ethanol Futures, 24 consecutive months

Underlying Futures Contract:
CBOT Denatured Ethanol Futures

Exercise Style:
American

Strike Price Increments:
5 cent increments

Levels of Strike Price Increments:
On the first day of trading there will be 21 strikes listed each for puts and calls. The ATM strike is the one closest to the previous day’s settlement price on the underlying futures contract. If the previous settlement is midway between two strike prices, the closest price shall be the larger of the two. All months: ATM plus +50 cents / -50 cents

Cabinet Prices:
$1 - $28 in one 1 (one) dollar increments

Min. Price Fluctuation:
1/10th cent per gallon ($29.00 per contract)

Max. Price Fluctuation:
None

Daily Price Limits and Dynamic Price Limit Ranges:
None

Last Trading Day:
The last Friday preceding the first notice day of the corresponding Ethanol futures contract by at least 2 business days.

Expiration:
1:15 p.m. Chicago Time

Delivery:
The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 6:00 p.m., Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.

Position Limits:
1,000 contracts in a single month; 1,000 in all months combined; reportable position limit of 50 contracts.

ITC Fractional Indicator:
3

ITC Price Formats:
0000279
0000280
0000281
0000282

ITC Strike Price Fractional Indicator:
2

ITC Strike Price Formats:
0000195
0000200
0000205
0000210

Please contact the Market Data Vendor Help Desk at (312) 341-3163 or cbotvendorsupport@cmegroup.com, if you have any questions.