The option premium of a Binary Option shall be quoted in points, shall never be less than zero (0) points, and shall never exceed one hundred (100) points.  One point shall equal ten dollars ($10.00).  The minimum price fluctuation shall be one (1) point, or ten dollars ($10.00) per contract.  However, when both sides of the trade are closing transactions, the option premium may range from $1.00 to $9.00 in $1.00 increments per option contract.  (07/26/06)