| Items |
Contract Terms |
| Option Types |
Puts and Calls |
| Contract Size |
One board lot of the underlying shares |
| Contract Months |
Spot, the next two calendar months & the next two quarter months (HKEX may introduce a third calendar quarter month and any other longer-dated expiry month in selected stock option classes as it deems necessary) |
| Trading Hours |
10:00 am - 12:30 pm & 2:30 pm - 4:00 pm |
| Minimum Fluctuation |
HK$0.01 |
| Expiry Day |
Business day immediately preceding the last business day of the contract month |
| Position Limits - Net limit in any one market direction |
50,000 (30,000 for W.I.S.E. - CSI 300 China Tracker (2827)) |
| Gross Reporting Limit (per expiry month) |
1,000 |
| Capital Adjustment |
In case of rights issue, stock dividends, special dividends, strike price and contract size will be adjusted in order to keep the contract value same |
| Exercise Style |
American Style & Physical delivery of underlying stocks. Options can be exercised at any time up to 5:30 p.m. on any business day and including the last trading day |
Assigned Method
(If short positions of options are being exercised)
|
If exercised, randomly assigned to short position holders
Physical delivery of underlying shares necessary in T+2 |
| Settlement |
T+1 (Options Premium, payable in full) OR T+2 (Stock transfer following exercise) |
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