D. The premium: EXAMPLE Swiss Franc Premium presentation for USDCHF (SFr/\$). Standard Contract Size: SFr 62,500. Each option =62,500 Swiss francs. The August, September, and December listings are the option maturities or expiration dates. 1. Premium presentation oddities: Traders have traditionally used short cuts to communicate a lot of information in small or altered form; premiums are an example of this. The above exchange rate should look strange to you given that the value of the spot rate and strike rate are so large. ALL VALUES MUST BE MULTIPLIED BY 01 to get the actual rates. Let's take a look at the available option contract highlighted in yellow in the table above: The spot rate (or Option \& Underlying) means that 58.51 cents, or $0.5851 was the price of one Swiss franc. The strike price means the price per franc for the option. The August call or put option of 5821 means a strike price of $0.5850/SFr. The premium cost of the August 5821 options was 0.50 per franc or $0.0050/SFr. The chart provides the price as the "cost/unit" of currency