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How to Trade Options
Trading options is similar to trading stocks. You can place an order after entering the quantity and price.
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Supported Order Types
Options trading supports Limit Order, Stop Limit Order, Limit if Touched Order, Trailing Stop Limit Order.
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Unit
As a contract, an option is traded in units of one contract.
For example, there is an option contract TCH 190829 140.00C. Its quoted price is 16.7 HKD and each contract corresponds to 100 Tencent shares. Therefore, the price (premium) of this contract is 16.7 * 100 = 1670 HKD. Upon exercise, you will receive 100 shares of Tencent.
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Trading Hours
Trading hours for the options are 9:30-12:00 and 13:00-16:00.
Note: Options do not support pre-and post-market trading.
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Option Settlement Time
Settlement time for trading: T+1
For example, close the position at T day and fund will change to cash available at T+1 day.
HK Stock Settlement time for exercise: T+2
US Stock Settlement time for exercise: T+1
For example, HK Stock exercise at T day and stock need T+2 day to be settled. US Stock exercise at T day and stock need T+1 day to be settled.