- Stock Options Summary
Item
Stock Options Summary
Option Types
Puts and calls
Contract Size
One board lot of the underlying shares.( Except for some contract)
Contracted Value
Option Premium multiplied by the Contract Size
Contract Months
Spot, the next three calendar months and the next three calendar quarter months
(The Exchange may introduce any other longer-dated expiry month in selected stock option classes as it deems necessary)
Minimum Fluctuation
HK$0.01
Effective from 9 December 2013, HK$0.001 be introduced in four stock option classes:
1) Bank of China Limited
2) China Construction Bank Corporation
3) Industrial and Commercial Bank of China Limited
4) Agricultural Bank of China LimitedOption Premium
Quoted in HK dollars on a per share basis
Strike Prices
Underlying Prices
Interval
From(HK$)
To(HK$)
(HK$)
0
2
0.05
2
5
0.10
5
10
0.25
10
20
0.5
20
50
1
50
100
2.5
100
200
2.5
200
300
5
300
500
10
Trading Hours
9:30 am - 12:00 noon & 1:00 pm - 4:00 pm
Expiry Day
The business day immediately preceding the last business day of the contract month
Exercise style
(American)Options can be exercised at any time up to 4:30 p.m. on any business day up to and including the last trading day
Settlement
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)* Please see HKEx’s announcement for further changes. - Option contract month code
Month Option month code Call Put 1 A M 2 B N 3 C O 4 D P 5 E Q 6 F R 7 G S 8 H T 9 I U 10 J V 11 K W 12 L X
