Options Focus

Author

股票期權部 (Options)
輝立証券

Phone:
852 2277 6622

Weekly Stock Option introduction

Friday, November 1, 2024 Views3269
Weekly Stock Option introduction

Launch Date: 4 November 2024 Monday

Product Offering: 10 selected single stock classes

  • HSBC Holdings Plc. (5)
  • Hong Kong Exchanges and Clearing Limited (388)
  • Tencent Holdings Limited (700)
  • Kuaishou Technology (1024)
  • BYD Company Limited (1211)
  • Ping An Insurance (Group) Company of China, Ltd. (2318)
  • Meituan (3690)
  • JD.com, Inc. (9618)
  • Baidu, Inc. (9888)
  • Alibaba Group Holding Ltd. (9988)

Trading and Expiry:

Weekly options will be available for trading from Monday and expire on the following week’s Friday. If Friday is a public holiday, the expiry will occur on the preceding business day.
Contracts will be listed for both the current week (spot week) and the next week, with no overlaps on expiry days with monthly contracts.

Contract Codes:

Contract Code Example HEX380.00H4W23
HEX HKATS underlying code (HKEX in example)
380 The contract’s strike price (HK$380.0 in example)
H The option contract month code (call option in August in example)
4 The contract year (4 indicates 2024 in example)
W Indicates a weekly contract
23 The date of expiry (23rd day of August 2024 in example)

Risk disclosure statement and disclaimers of Trading Futures and Options
The risk of loss in trading futures contracts or options is substantial.  In some circumstances, you may sustain losses in excess of your initial margin funds.  Placing contingent orders, such as “stop-loss” or: stop-limit” orders, will not necessarily avoid loss.  Market conditions may make it impossible to execute such orders.  There is a possibility that any stop-loss order may be cancelled by a futures exchange due to various reasons including where orders are ‘out of price limits’ during a fluctuating market.  You should closely monitor your orders, as we may be unable to contact you in the event of cancellation.  You may be called upon at short notice to deposit additional margin funds.  If the required funds are not provided within the prescribed time, your position may be liquidated.  You will remain liable for any resulting deficit in your account.  You should therefore study and understand futures contracts and options before you trade and carefully consider whether such trading is suitable in the light of your own financial position and investment objectives.  If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. You should study carefully the Disclosure Statements of Local Futures on our website

Top of Page
Contact Us
Please contact your account executive or call us now.
Stock Options Department
Tel : (852) 2277 6622
Email : option@phillip.com.hk

Enquiry & Support
Branches
The Complaint Procedures
About Us
Phillip Securities Group
Join Us
Phillip Network
Phillip Post
Phillip Channel
Latest Promotion
E-Check
Login
Investor Notes
Free Subscribe
Contact Us