New Customer $0 Commission Options Promotion
New Customer $0 Commission Options Promotion

New Stock Options account opening in Phillip will be eligible to enjoy a special commission rates for options trading based on the net value of Stock Options account assets(Cash and Option Value) from 14 August 2023 until 31 March 2024. The commission can be as low as $0!

Stock Options Asset Net Value Stock Commission Rate
HKD 30,000 0.18%, minimum Fee HKD3
HKD 100,000 0

No Platform Fee for above Special Commission Rate

"New Customer $0 Commission Options Promotion" Terms & Conditions

Terms & Conditions:

  1. Offer is applicable for New Client who opens Stock Option Account from 14 Aug 2023 to 31 Dec 2023.
  2. Qualified options trading commissions will be reimbursed to the options account as an upfront payment with a refund within the first five working days of the following month.
  3. Offer is applicable for clients with Online trading and E-statement only.
  4. Offer is not aaplicable to exercise/assignment fees
  5. Offer is based on the Stock Options Asset Net Value of previous working day end. Eligible client could enjoy related comission rate on that day if their Account Asset Net Value(Cash and Option Value) of previous working day not less than HKD30,000 or HKD 100,000.

Additionally, transfer stocks into Stock Options account for Covered Call options can benefit from commission-free opening trades and no deposit requirement!

Click here for more details of stock transfer to Phillip

Click here to watch Putonghua version

What is Covered Call?

With the holding of the underlying stock, investors simultaneously selling the call options of the same stock, which aims to enhance investment returns.

For more details on eligible Covered Call contracts, please refer to the Hong Kong Exchange website.

Terms and Conditions of Covered Call Option commission-free opening trades

  1. On the day when the call option is sold, the stock must be in the stock option account.
  2. The call option sold may be exercised, and the covered stock may be sold.
  3. There is no commission for opening a covered call option
  4. The commission for selling call options will be refunded to the stock options account within the first 5 days of the next month.
  5. Offer is applicable for clients with Online trading and E-statement only.
  6. Even if the stock price is higher than the strike price, the option still has a chance to be exercised.

Terms and Conditions of Covered Put Option

Terms and Conditions

  1. When selling a put option, the stock option account must have sufficient deposit, that is, the entire amount of the delivery, until the contract expires or the position is closed.
  2. The commission-free offer is only applicable to online order and e-bill customers.
  3. When placing an order in the trading system, it is necessary to specify that it is a covered put option transaction, and it cannot be changed after the transaction is completed.。
  4. There is no commission for opening a covered put option, and the commission is collected first and then returned.
  5. The commission for selling put options will be refunded to the stock options account within the first 5 days of the next month.
  6. Even if the stock price falls below the strike price, the option still has a chance to be exercised.

 

Please referTrading Platform Inteface of Covered Put(Chinese Only)

Declaration and Disclosures
Phillip Securities Group (the "Company") reserves the right to vary any promotion offers and services at anytime without further notice. In case of dispute, the decision of the Company shall be final.
Investment involves risks. For more details, please refer to the Risk Disclosures Statement at www.poems.com.hk.
If do not wish to receive any more messages from Phillip Securities Group ,please contact our Customer Service Department at cs@philllip.com.hk or 22776555.

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Stock Options Department
Tel : (852) 2277 6622
Email : option@phillip.com.hk

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