Hang Seng Index Options
Underlying Index Hang Seng Index
Contract Multiplier HK $50 per index point
Minimum Fluctuation One index point
Contract Months Short-dated Options: Spot, next three calendar months & next three calendar quarter months and
Long-dated Options: the next 3 months of June & December and the following 3 December months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Short-dated options
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Long-dated options
Index points Intervals
>= 20,000 400
>= 5,000  to  <  20,000 200
< 5,000  100
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,  
5:15  pm  –  3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $10.00
Commission Levy – HK $0.80

 

Mini Hang Seng Index Options
Underlying Index Mini Hang Seng Index
Contract Multiplier HK $10 per index point
Minimum Fluctuation One index point
Contract Months Spot, next calendar month & next two calendar quarter months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day Immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $2.00
Commission Levy – HK $0.16

 

H-shares Index Options
Underlying Index Hang Seng China Enterprises Index (HSCEI)
 Contract Multiplier HK $50 per index point
Minimum Fluctuation One index point
Contract Months Short-dated Options: Spot, next three calendar months & next three calendar quarter months and
Long-dated Options: the next 3 months of June & December and the following 3 December months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Short-dated options
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Long-dated options
Index points Intervals
>= 20,000 400
>= 5,000  to  <  20,000 200
< 5,000  100
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:15 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the HSCEI taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $3.50
Commission Levy – HK $0.80

 

Mini H-shares Index Options
Underlying Index Hang Seng China Enterprises Index
Contract Multiplier HK $10 per index point
Minimum Fluctuation One index point
Contract Months Spot, next calendar month & next two calendar quarter months
Exercise Style European Style
Option Premium Quoted in whole index points
Strike Prices
Index points Intervals
>= 20,000 200
>= 5,000  to  <  20,000 100
< 5,000  50
Trading Hours 9:15 am – 12:00 noon,
1:00 pm – 4:30 pm,
5:15 pm – 3:00 am
(Expiring contract month closes at 4:00 pm on the Expiry Day)
Expiry Day The Business Day immediately preceding the last Business Day of the Contract Month
Official Settlement Price Average of quotations of the Hang Seng Index taken at five minute intervals during the Expiry Day
Transaction Costs Exchange Fee – HK $1.00
Commission Levy – HK $0.54