Weekly Index Option | Latest Promotion | Local Futures | Products

Weekly Index Options contracts - spot week and next week, are for investors optimizing their risk management capabilities, manage positions in response to short-term or specific events

Commission Levy exempted in first six months (from 16 Sept 2019 to 13 March 2019)*

Free Real-time Quotes

Free Professional Trading Platform - FATS

Multi-channel for ordering placing

◆POEMS HK App◆POEMS on Desktop◆FATS ◆Phone

Long / Short Available

Free Basic / Advance workshops for Index Options

Hotline : 2277 6611, Futures Department

E-mail: futures@phillip.com.hk

*During the promotion period(starting from 16 September 2019 to 13 March 19), Commission Levy will be exempted for six months of trading weekly HSI / HHI option in rebate basis and will be refunded by crediting clients’ account in next month.

Contract Specifications

	(Exising) Monthly Hang Seng Index Options	(New) Weekly Hang Seng Index Options
Underlying Index	Weekly Hang Seng Index (“HSI") Options / Weekly Hang Seng China Enterprises Index (“HSCEI”) Options
Contract Multiplier	HK$50 per Index point
Min. Fluctuation	1 index point
Contract Weeks	•Short-term option: Spot month, next 3 months, next 3 quarters	Spot week and next week
	•Long-term option: next 3 6-month, 12-month and next 3 12-month	Notes:
		•Generally, each Weekly Index Options contract will be available for trading starting from the first business day of the week and expire on the last business day of the following week.
		•There will be two Weekly Index Options contracts at any time (i.e. spot week contract that will expire on the last business day of the current week and next week contract that will expire on the last business day of next week), except that no Weekly Index Options contract will be introduced if its Expiry Day is the same as the Expiry Day of the Spot Month HSI Options Contract and Spot Month HSCEI Options Contract.
Trading Hours	T Session 9:15 a.m. - 12:00 noon (morning trading session)
(Hong Kong time)	1:00 p.m. - 4:30 p.m. (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 second Last Trading Day of the Month	The last Business Day of the Contract Week
Exercise Style	European Style
Option Premium	Quoted in whole index points
Official Settlement Price	5-minute average of the underlying index on the Expiry Day
Exchange Fee	Hang Seng Index (“HSI") Options (Monthly /Weekly):HKD 10.00
	Hang Seng China Enterprises Index (“HSCEI”) Options(Monthly /Weekly) : HKD 3.50

Trading Arrangements and Risk Management Arrangements

	(Exising) Monthly Hang Seng Index Options	(New) Weekly Hang Seng Index Options
Differentiation	New market codes “39” and “87” shall be assigned to the Weekly HSI Options and Weekly HSCEI Options respectively. Trading applications could make use of the field in the OMnet Application Programme Interface (“OAPI”) library namely “market_c” for the identification of Weekly Index Options, if necessary.
Series name	e.g.: HSI27000I9	e.g.: HSI27000I9W20

		Notes:
		· “HHI” means HKATS underlying code;
		· “27000” means strike price;
		·“I” means Sep Call - contract month;
		· “9” means year 2019 contract;
		· “W20” means weekly product with the 20 th day of the month as the expiry day
Position limit	•≤ 10,000 position delta in HSI Products, HSI TRI Products and Weekly HSI Options in all Contract Months and Contract Weeks combined
	• ≤ 12,000 position delta in HSCEI Products, HSCEI TRI Products and Weekly HSCEI Options in all Contract Months and Contract Weeks combined
Striking Price
Big Lot Trade	Available (At least 100 contracts)
Initial Margin Offset	Available (between HSI futures and options; between HHI futures and options)

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