Hong Kong Exchanges and Clearing Limited (HKEx) will offer an additional expiry month in five more stock option classes, starting Tuesday, 3 July this year.
Under the scheme, a third calendar quarter month will be introduced for trading in the following five stock option classes:
- Bank of China
- China Construction Bank
- China Petroleum & Chemical (Sinopec)
- Industrial and Commercial Bank of China
- PetroChina
From 3 July, expiry months available for trading in the five stock option classes will comprise the spot month, the next two months and the next three calendar quarter months. On 3 July, the expiry months will be July, August, September and December 2007, and March and June 2008.
HKEx is already offering a third calendar quarter month in the five option classes below:
- Cheung Kong
- China Life Insurance
- China Mobile
- HSBC
- Hutchison Whampoa
The changes that take effect 3 July are the result of favourable market response to the first batch of stock option classes with an additional expiry month, and HKEx may seek regulatory approval for further changes to the expiry months of its stock option classes if there is sufficient demand.