| Item |
Contract Terms |
| Option Types |
Calls and Puts |
| Contract Size |
One board lot of the underlying shares (except for some newly launched options) |
| Contract Months |
Spot, the next two calendar months & the three quarter months
(The Exchange may introduce any other longer-dated expiry month in selected stock option classes as it deems necessary)
|
| Contracted Value |
Option Premium multiplied by the Contract Size |
| Minimum Fluctuation |
HK $0.01 |
| Trading Hours |
9:30 am – 12:00 noon & 1:30 pm – 4:00 pm |
| Expiry Day |
Business day immediately preceding the last business day of the contract month |
| Exercise Style |
American: Options can be exercised at any time until expiration |
| Exercise Fee |
HKD $2.00 |
| Settlement |
T + 1 (options premium, payable in full) or T + 2 (stock transfer following exercise) |
| Trading Tariff |
Tier 1 (HK $3) or Tier 2 (HK $1) |
|
