Implied volatility



32.55PTS drop0.99 (3%)
Previous closing (PTS) Day high Day low
33.54 33.34 31.78

Implied Volatility (IV)

is one of the most important indicators when assessing a warrant. It refers to the estimate of future price volatility of a specified underlying asset, and is generally used by the market as an indicator to decide whether a warrant is value-for-money or not.

VHSI chart

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VHSI Hang Seng Index
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IV of HSBC Focus Call Warrants

Average IV level of HSBC's focus Warrants
Most active Call Warrant IV range

*Above warrants are selected based on the daily top turnover, delta between 30% to 70% and time to maturity between 3 to 9 months. The terms of the HSBC focused products may not meet the same criteria. The above is for reference only.

Last update: 2022-12-03 01:30 (At least 15 mins delayed)

*Intraday chart is updated every 5 mins and with at least 15-min delay, not all data in between the updates is reflected.

Important Risk Warning

The structured products are not collateralized. If the issuer is insolvent or defaults, investors may not recover part or all of the amount due.

Structured products are complex products. Investors should exercise caution in relation to them. The price of the structured products may fall in value as rapidly as it may rise and investors may sustain a total or substantial loss of their investment. Prospective investors should ensure that they understand the nature and risks and seek professional advice where applicable. Please also note that CBBCs have a mandatory call feature and may therefore be subject to early termination, upon which (i) investors in category N CBBCs will lose all of their investments in the CBBCs; and (ii) the residual value of category R CBBCs may be zero. Inline warrants have been newly introduced to the market and there are no similar products currently listed on the Stock Exchange of Hong Kong Limited for comparison. Inline warrants carry exotic features, and their terms and pricing may be more complicated than standard derivative warrants. Maximum potential payoff is fixed and capped. Price movement of the inline warrants may be disproportionate or opposite to the price movement of the underlying asset. Trading structured products with United States (US) underlying index may be exposed to additional risks, including (a) risks relating to difference in trading days and hours, (b) less public information about the index and such information may not be available in Chinese, (c) political and economic risks relating to the index regions (such as the US), (d) exchange rate risks, (e) possible delay in settlement, and (f) publication of index level when component shares are not trading. Investors in derivative warrants linked to the MSCI China A 50 Connect Index may be exposed to additional risks, including (i) risk for newly launched index, (ii) the index constituents are A-shares traded under the Northbound Stock Connect channel through Shanghai-Hong Kong Stock Connect and/or Shenzhen-Hong Kong Stock Connect, (iii) less public information about the index and such information may not be available in Chinese, (iv) political and economic risks relating to the index, (v) exchange rate risks, and (vi) Renminbi interest rate risks. Click here for "Terms of Use".


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All data/charts are for reference purposes only.