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Stock Options

Stock Options

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Stock Options Stock Options

We support clients with comprehensive online stock options trading services augmented by real-time quote information. Our seasoned options experts hold monthly workshops and seminars designed to explain how investors can use various option strategies to generate better returns and minimize risks while sharing their insights about trading option

Types of Stock Options

Call Options
Long Call: Bullish investors have the right to buy the underlying shares at an exercise price any time prior to the expiry date.



Profit: When the price of the underlying stock rises, attractive profit-making opportunities can be found.
Loss: When the price of the underlying stock falls, the loss is limited to the option price itself.

Long Put: Bearish investors have the right to sell the underlying shares at an exercise price any time prior to the expiry date.

Profit: When the price of the underlying stock falls, attractive profit-making opportunities can be found.
Loss: When the price of the underlying stock rises, the loss is limited to the option price itself.

Put Options
Short Call: Bearish investors have the right to sell the underlying shares at an exercise price any time prior to the expiry date.

Profit: When the price of the underlying stock falls, attractive profit-making opportunities can be found.
Loss: When the price of the underlying stock rises, the loss is limited to the option price itself.

Short Put: In the event that investors are somewhat but not overly bearish on the underlying stock, when the option is exercised, the stock should be bought at the exercise price.

Profit: Once a profit is made when the price of the underlying stock rises, the profit is limited to the option price itself.
Loss: Once a loss is incurred when the price of the underlying stock falls, the potential loss can be significant

Stock Options Contract

The List of Stock Option Classes available for trading
For the list of Stock Option Classes, please refer to HKEx website.

Contract Summary

Items Specification
Option Types Puts and Calls
Contract Size One board lot of the underlying shares (Except for some contract)
Contracted Value Contracted Value Option Premium X Contract Size
Contract Months Spot, the next two calendar months & the next two quarter months (HKEx may introduce any other longer-dated expiry month in selected stock option classes as it deems necessary)
Minimum Fluctuation HK$0.01
Option Premium Quoted in HK$0.01
Trading Hours 09:30 – 12:00 & 13:00 – 16:00
Expiry Day Business day immediately preceding the last business day of the contract month
Exercise Style (American Style) Options can be exercised at any time up to 18:45 on any business day and including the last trading day
(Note: Client should notify the exercise instruction before 17:00 on the trading day )
Exercise Fee HK$2
Settlement Physical delivery of underlying shares on exercise and settlement period are:
T+1 (Option premium, payable in full) or
T+2 (Stock transfer following exercise)
Trading Tariff Tier 1 Stock Options - HK$3 per contract per side
Tier 2 Stock Options - HK$1 per contract per side
Tier 3 Stock Options - HK$0.5 per contract per side
Commission is negotiable


Option Contract Month Code

  JAN FEB MAR APR MAY JUN JUL月 AUG SEP OCT NOV DEC
Call A B C D E F G H I K K L
Put M N O P Q R S T U V W X

 

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