Stock Options
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Underlying Stocks & HKATS Codes
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Please refer to the list of stock options
(http://www.hkex.com.hk/prod/so/classlist_so.htm ) |
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Option Types
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Puts and calls |
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Contract Size
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One board lot of the underlying shares * |
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Contracted Value
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Option Premium multiplied by the Contract Size |
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Contract Months |
Spot, the next two calendar months & the next two quarter months
(The Exchange may introduce a third calendar quarter month and any other longer-dated expiry month in selected stock option classes as it deems necessary^)
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Minimum Fluctuation
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HK$0.01 |
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Option Premium
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Quoted in HK dollars on a per share basis |
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Strike Prices
HK $ |
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up to $2 |
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$2 to $5 |
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$5 to $10 |
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$10 to $20 |
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$20 to $50 |
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$50 to $100 |
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$100 to $200 |
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$200 to $300 |
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$300 to $500 |
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Interval Group A
HK$ |
Interval Group B#
HK$ |
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$0.10 |
$0.10 |
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$0.20 |
$0.20 |
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$0.50 |
$0.50 |
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$1.00 |
$0.50 |
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$2.00 |
$1.00 |
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$5.00 |
$2.50 |
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$5.00 |
$2.50 |
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$10.00 |
$5.00 |
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$20.00 |
$20.00 | |
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Trading Hours
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10:00 am - 12:30 pm & 2:30 pm - 4:00 pm |
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Expiry Day
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Business day immediately preceding the last business day of the contract month |
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Exercise style
(American)
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Options can be exercised at any time up to 6:45 p.m. on any business day and including the last trading day |
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Exercise Fee
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HK$2.00 |
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Settlement
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Physical delivery of underlying shares on exercise and settlement period are :
T + 1 (options premium, payable in full) or
T + 2 (stock transfer following exercise) |
| Trading Tariff |
Tier 1 * HK$3.00
Tier 2 * HK$1.00
Brokerage Commission Negotiable |
* Relevant information regarding contract size and tier level of individual stock option classes can be found in:
http://www.hkex.com.hk/prod/so/classlist_so.htm
^ 3rd quarter expiry month is available in the following Stock Option Classes:
1 Bank of China Limited
2 Cheung Kong (Holdings) Ltd
3 China Construction Bank Corporation
4 China Life Insurance Company Ltd
5 China Mobile Ltd
6 China Petroleum & Chemical Corporation
7 HSBC Holdings plc
8 Hutchison Whampoa Ltd
9 Industrial and Commercial Bank of China Limited
10 PetroChina Company Limited
# Interval Group B Stock Option Classes as follows:
1 Cheung Kong (Holdings) Ltd
2 China Mobile ( Hong Kong) Ltd
3 Hang Seng Bank Ltd
4 HSBC Holdings plc
5 Hutchison Whampoa Ltd
6 Sun Hung Kai Properties Ltd
7 Tracker Fund HK
Please visit HKEx website http://www.hkex.com.hk/regulatory.htm for full contract specifications under Operational Trading Procedures for Options Trading Exchange Participants of the Stock Exchange