ORE is designed for educational purposes only. The purpose of this program is to provide you with a tool for developing a basic understanding of equity/index options.

The option strategies illustrated are theoretical demonstrations of the flexibility of options and are by no means exhaustive.

The Options/Warrants Calculator is intended to give viewers an understanding of options pricing - what factors affect an option’s price, and how a change in any one (or more) of them may affect that price. Outputs of the calculator are theoretically computed based on the user’s inputs and assumptions of factors. It is not, and should not be used as, a reference for the actual market values.

The Options/Warrants Calculator is based on both the Binomial and the Black-Scholes option pricing models. While these models are the most popular models used for option pricing, other models might consider different factors. No model can be entirely accurate. The Options/Warrants Calculator is therefore not intended to be used to take, or to assist any person in making, trading decisions and it should not, in any circumstances, be used in such a manner.

The Portfolio Analyser demonstrates theoretical outcomes under different assumptions about market scenarios. It does not reflect the actual market environment and is not intended to do so.

ORE is not, and should not be construed as, an offer or the solicitation of an offer to buy or sell options or other investment instruments. Nothing within ORE constitutes investment advice. You should consult a professional investment advisor before making an investment decision. Your use of ORE is entirely at your own risk. Hong Kong Exchanges and Clearing Limited, its employees or agents are not liable in any respect to you or any other persons, for any losses or damages incurred or arising out of the use or misuse of, or out of any inability for whatever reason to use, ORE.