It does show up as "Contracts and Straddles" because it is identified as code C.
Per the IRS Instructions for Schedule K-1:
Section 1256 contracts and straddles (code C)
As defined by the IRS:
Section 1256 Contract A section 1256 contract is any: • Regulated futures contract, • Foreign currency contract, • Nonequity option, • Dealer equity option, or • Dealer securities futures contract. For definitions of these terms and more details, see section 1256(g) and Pub. 550
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