CME Launches New Central Appalachian Coal Options Contract

The American style options contract (commodity code: C1) will be listed for the current year plus the next four years, beginning with the January 2009 contract. It will be 1,550 tons in size with a minimum price fluctuation of $0.01 per ton.

There will be five strike prices in increments of $2.50 per tons above and below the at-the-money strike price. -- www.cme.com