By Carl Beck
Saxo Bank has launched Mini Hang Seng Options allowing clients enhanced access to Hong Kong’s Hang Seng Index.
The European style and cash settled options, which opened January 9, have a contract multiplier of 10 times the index and four contract months tradable. Trading hours are 9:45 a.m. to 12:30 pm (morning session) and 2:30 p.m. to 4:15 p.m. (afternoon session).
“The options will let clients leverage directional plays with a known loss potential on the index, trade volatility plays and hedge portfolios of Hong Kong stocks,” said Saxo Bank’s Futures & Options Product Manager Patrice Henault. “It will also generate revenue enhancement on your Hong Kong portfolio writing options against a portfolio and keeping the premium.”
The addition of the Mini Hang Seng Contract Options enhances the existing offer of contract options ranging from stock indices to bonds, commodities and FX contract options.
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Author Carl Beck, Product Manager - Education & Communication, SaxoBank
Topics Forex, Hong Kong, Bonds, Options
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