How specify the size of a shared Docker volume?

It is possible to specify the size limit while creating the docker volume using size as per the documentation

Here is example command provided in the documentation to specify the same

docker volume create -d flocker -o size=20GB my-named-volume

UPDATE Some more examples from git repository:

The built-in local driver on Linux accepts options similar to the linux mount command:
$ docker volume create --driver local --opt type=tmpfs --opt device=tmpfs --opt o=size=100m,uid=1000
Another example:
$ docker volume create --driver local --opt type=btrfs --opt device=/dev/sda2

Using Docker Compose I was able to do it the following way:

volumes: 
  tmpfs: 
    # For details, see:
    # https://docs.docker.com/engine/reference/commandline/volume_create/#driver-specific-options
    driver: local
    driver_opts:
      o: "size=$TMPFS_SIZE"
      device: tmpfs
      type: tmpfs