Hang Seng Index Options
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Underlying Index
|
Hang Seng Index |
|
HKATS Code
|
HSI |
|
Contract Multiplier
|
HK$50 per index point |
|
Minimum Fluctuation
|
One index point |
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Contract Months
|
Short-dated Options:- Spot, next two calendar months & next three calendar quarter months
Long-dated Options:- the next five months of June & December |
|
Exercise Style |
European Style |
|
Option Premium |
Quoted in whole index points |
|
Strike Prices |
Short-dated options
Index points Intervals
At or above 2,000 but below 8,000 100
At or above 8,000 200
Long-dated options
Index points Intervals
At or above 8,000 but below 12,000 400
At or above 12,000 but below 15,000 600
At or above 15,000 but below 19,000 800
At or above 19,000 1,000
|
|
Trading Hours
|
9:45 am - 12:30 pm & 2:30 pm - 4:30 pm
(Expiring contract month closes at 4:00 pm on the Expiry Day)
The trading hours on eves of Christmas, New Year and Chinese New Year
shall be 9:45 am - 1:00 pm
|
|
Expiry Day
|
The Business Day immediately preceding the last Business Day of the Contract Month |
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Official Settlement Price
|
Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day |
|
Transaction Costs
|
Exchange Fee HK$10.00
Commission Levy HK$0.80
Commission Rate Negotiable |
Please visit HKEx website http://www.hkex.com.hk/regulatory.htm for full contract specifications under Trading Rules of the Rules, Regulations and Procedures of the Futures Exchange