HKEX to Launch Weekly Stock Options By the End of 2024

Hong Kong Exchanges and Clearing Limited (HKEX) today (Wednesday) announced plans to launch weekly single stock options for 10 Hong Kong-listed equities, the latest derivatives market enhancement that will give investors even more choice to manage risks and execute trading strategies.

HKEX plans to launch these new weekly expiries by the end of 2024, subject to market readiness and regulatory approval.

New weekly expiries will be offered to the following stock option classes:

HKEX Head of Equities Product Development, Brian Roberts, said: "We are delighted to be introducing weekly stock options in our growing product ecosystem. The new additions will add to the attractiveness and diversity of our derivatives market, further supporting investors' risk management needs. At HKEX, we are committed to continuously enhancing our product lineup and further developing our markets, reinforcing Hong Kong's position as Asia's leading derivatives trading and risk management hub."

Weekly stock options will be additional expiries for existing single stock option contracts, supporting the trading needs of investors and optimising their risk management capabilities. The contracts can be used to manage positions in response to short-term or specific events such as corporate results. With their shorter time to maturity, they have relatively low option premiums.

The launch of weekly stock options complements HKEX's suite of weekly index options, which were introduced in 2019 with the Hang Seng Index and Hang Seng China Enterprises Index.

The launch date of the new weekly stock options will be announced in due course.