Monthly HSI / HSCEI Options (Existing)

Weekly HSI / HSCEI Options (New)

Underlying Index

Hang Seng Index (HSI) / Hang Seng China Enterprises Index (HSCEI)

Contract Multiplier

HK$50 per index point

Minimum Fluctuation

1 index point

Contract Months / Weeks

• Short-dated Options: spot, next 3 calendar months and
  next 3 calendar quarter months; and

• Long-dated Options: the next 3 months of June and
  December and the following 3 months of December

Spot Week and the next week, except where the Expiry
Day of the Weekly Contract is the same as the Expiry
Day of the Spot Month Option Contract

Trading Hours
(HK Time)

9:15 am – 12:00 noon & 1:00 pm – 4:30 pm (T session)
(Expiring contract month closes at 4:00 pm on the Expiry Day)

5:15 pm – 3:00 am (T+1 session)

Expiry Day

Second last business day of the Contract Month

Last business day of the Contract Week (i.e. normally
Friday except that if it is not a business day, the Expiry
Day will be the immediate preceding business day)

Exercise Style

European Style

Settlement on
Exercise

Cash settlement

Official Settlement
Price

5-min average of the underlying index on Expiry Day

Trading Fee

HSI Monthly / Weekly Options: $10
HSCEI Monthly / Weekly Options: $3.5