mobile search

Weekly Hang Seng Index Options

WEEKLY INDEX OPTIONS ( Commence Trading on 16 September 2019)

To supplement the existing monthly index options, introduction of the weekly index options contracts on HSI and HSCEI aims to provide risk management tools for investors to manage their short term risks on the exposure of HSI and HSCEI positions. 

Weekly index options are similar to the monthly index options except that they expire on the last business day of every week instead of the second last business day of the month.

FEATURES OF WEEKLY INDEX OPTIONS

With a shorter maturity, weekly index options contracts would have a much lower option premium and faster time decay comparing to the monthly index options contracts, thus allowing short term trading and more attractive short options strategies.

USAGES OF WEEKLY INDEX OPTIONS

 Weekly index options are useful for investors in the following ways:

  • Cost effective: trading or hedging against short term market events with relatively low option premium.
  • Yield enhancement: employing short options strategies to capture option premium by taking advantage of the rapid time decay of its premium.
  • Option risk management: managing the risks of options portfolio (delta, gamma and vega, etc) more effectively.

 Weekly index options can also be used for options trading strategies such as covered Calls, call/put spreads, straddles etc. at a relatively low cost.



Updated 13 Sep 2019


()
-

Contract Specifications

Item
Contract Terms
Underlying Index
Hang Seng Index
HKATS Code

"HSI” + Strike + Month + Year + “W” + Expiry Day
e.g. HSI27000A9W25

Where:

-“HSI” means underlying code;
-“27000” means strike price;
-“A” means Jan - contract month;
-“9” means year 2019 contract;
-“W25” means weekly product with 25th of the month as expiry

Contract Multiplier
HK$50 per index point
Minimum Fluctuation
One index point
Contract Weeks
Spot Week and the next week, except where the Expiry Day of the Weekly Contract is the same as the Expiry Day of the Spot Month HSI Option Contract
Trading Hours
T Session

9:15 am - 12:00 noon (morning trading session)
1:00 pm - 4:30 pm (afternoon trading session)
(Expiring contract closes at 4:00 pm on the Expiry Day)

T+1 Session

5:15 pm – 3:00 am (after-hours trading session)

Expiry Day
The Last Business Day of the Contract Week
Final Settlement Price
The average of quotations taken at (i) five (5) minute intervals from five (5) minutes after the start of, and up to five (5) minutes before the end of, the Continuous Trading Session of SEHK; and (ii) the close of trading on SEHK on the Expiry Day.
Transaction Costs
Exchange Fee           HK$10.00
Commission Levy    HK$0.54*
Commission Rate     Negotiable
  *The Commission Levy will be exempted for the first six months of trading from 16 September 2019 to 13 March 2020, both dates inclusive, excluding the T+1 Session on 13 March 2020. 

Updated 29 Aug 2019

Trading Fees and Commission

Hang Seng Index Options  
Exchange Fee HK$10.00 per contract per side
Commission Levy HK$0.54 per contract per side
Total
HK$10.54 per contract per side
 Brokerage Commission  Negotiable

 


Updated 22 Aug 2019

Derivatives Market Access Codes

Information Vendor

Access Codes

Weekly HSI Options

Weekly HSCEI Options

AASTOCKS.com Limited

322105

322125

 Bloomberg Finance L.P  HSI Index OMON  HSCEI Index OMON

DB Power Online Ltd

HSI

HHI

ET Net Limited

Menu "Futures/Options" >

"Futures/Options Quotation (Short-term)"

Access code: The series name

Menu "Futures/Options" >

"Futures/Options Quotation (Short-term)"

Access code: The series name

Infocast Limited

HSI

HHI

MegaHub Limited

HSI

HHI

N2N-AFE

873101

873121

Refinitiv

<0#HSIW*.HF>

<0#HCEIW*.HF>

Tele-Trend Ltd

File->Open->Options->HSI

File->Open->Options->HHI


Updated 29 Aug 2019

Loading