Warrant & CBBC Expiry Calendar
How the HKEX expiry cycle works, shown against a dated sample of listed warrants and CBBCs. Time decay accelerates as expiry approaches, and the final trading day falls before the expiry date — the gap is where holders most often get caught.
- 27
- Sample warrants
- 14
- CBBCs tracked
- 13
- Months covered
11 instruments expiring in August 2026
Fri, Aug 14, 2026(1 instruments)
| Code | Underlying | Type | Style | Strike | Issuer |
|---|---|---|---|---|---|
| 63186 | Alibaba(09988) | Bull | CBBC | 83.5 | J.P. Morgan |
Mon, Aug 24, 2026(2 instruments)
| Code | Underlying | Type | Style | Strike | Issuer |
|---|---|---|---|---|---|
| 26464 | Meituan(03690) | Call | Warrant | 90.05 | UBS |
| 26086 | Xiaomi Corp(01810) | Put | Warrant | 28.16 | Morgan Stanley |
Thu, Aug 27, 2026(1 instruments)
| Code | Underlying | Type | Style | Strike | Issuer |
|---|---|---|---|---|---|
| 26702 | Tencent(00700) | Put | Warrant | 428.68 | UBS |
Fri, Aug 28, 2026(6 instruments)
| Code | Underlying | Type | Style | Strike | Issuer |
|---|---|---|---|---|---|
| 26361 | Hang Seng Index(HSI) | Call | Warrant | 28,500 | J.P. Morgan |
| 26617 | Hang Seng Index(HSI) | Call | Warrant | 30,651 | Citigroup |
| 26356 | Hang Seng Index(HSI) | Put | Warrant | 24,500 | J.P. Morgan |
| 50384 | Hang Seng Index(HSI) | Bull | CBBC | 15,908 | UBS |
| 52891 | Hang Seng Index(HSI) | Bull | CBBC | 15,900 | J.P. Morgan |
| 54918 | Tencent(00700) | Bear | CBBC | 623.2 | HSBC |
Mon, Aug 31, 2026(1 instruments)
| Code | Underlying | Type | Style | Strike | Issuer |
|---|---|---|---|---|---|
| 69200 | Tencent(00700) | Bull | CBBC | 376.8 | UBS |
Expiry dates from a dated sample of HKEX's published lists — illustrative of the expiry cycle, not a complete schedule. Check HKEX or the issuer's listing document for the contracts you hold. Settlement mechanics vary by issuer.
Why track warrant expiry dates?
Time decay (theta): Warrants lose value as they approach expiry, and this decay accelerates in the final weeks. Knowing when your warrant expires helps you plan exits before theta erosion becomes significant.
CBBC mandatory call events: CBBCs can be called early if the underlying touches the call level. As expiry approaches, the probability of a mandatory call event changes — track expiry to understand your CBBC's remaining life.
Concentration risk: If many warrants on the same underlying expire on the same date, market dynamics around that date may differ. Use this calendar to spot clusters of upcoming expiries.