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Commodities options product details

Trade barrier and vanilla options on a range of global commodities. Use barrier options to take control of your leverage and risk, trade on flat markets and more with vanilla options.

Barrier options Energies

Market name Dealing hours One point means Minimum bet Available spread [7] Knock-out premium [6] Commission [9]
Oil - US Crude 24 Hours (except 22.00-23.00) cents/barrel 2 2.6 3 0.1 per contract
Oil- Brent Crude 24 Hours (except 22.00-23.00) cents/barrel 2 2.6 3 0.1 per contract
Heating Oil 24 Hours (except 22.00-23.00) 0.01 cents/gallon 1 19.8 20 0.1 per contract
Natural Gas 24 Hours (except 22.00-23.00) $0.001/mmBtu 1 2.8 20 0.1 per contract
No Lead Gasoline 24 Hours (except 22.00-23.00) 0.01 cents/gallon 1 19.8 20 0.1 per contract

Barrier options Metals

Market name Dealing hours One point means Minimum bet Available spread [7] Knock-out premium [6] Commission [9]
Spot Silver 24 Hours (except 22.00-23.00) cents/troy ounce 3 1.8 2 0.1 per contract
Spot Gold 24 Hours (except 22.00-23.00) $/troy ounce 5 0.1 0.3 0.1 per contract
Spot Platinum 24 Hours (except 22.00-23.00) $/troy ounce 1 1.6 1.5 0.1 per contract
High Grade Copper 24 Hours (except 22.00-23.00) 0.01 cents/pound 1 19.8 30 0.1 per contract
Irone Ore 02.00-04.30, 06.30-08.00, 14.00-16.30 CNY/metric tonne 1 4.3 3 0.1 per contract

Barrier options Base Metals

Market name Dealing hours One point means Minimum bet Available spread [7] Knock-out premium [6] Commission [9]
Aluminium 01.00-18.00 $/tonne 1 7.8 8 0.1 per contract
Copper 01.00-18.00 $/tonne 1 9.8 10 0.1 per contract
Lead 01.00-18.00 $/tonne 1 7.8 8 0.1 per contract
Nickel 01.00-18.00 $/tonne 1 39.8 40 0.1 per contract
Zinc 01.00-18.00 $/tonne 1 7.8 8 0.1 per contract

Barrier options Softs

Market name Dealing hours One point means Minimum bet Available spread [7] Knock-out premium [6] Commission [9]
Soyabean Oil 01.00-13.45, 14.30-19.20 cents/pound 1 5.8 8 0.1 per contract
Corn 01.00-12.45, 14.30-19.20 cents/bushel 1 0.4 1.5 0.1 per contract
New York Cocoa 09.45-18.30 $/tonne 1 3.8 5 0.1 per contract
NY Cotton 02.00-19.20 cents/pound 1 14.8 15 0.1 per contract
Crude Palm Oil 03.30-05.30, 07.30-11.00 MYR/MT 1 11.8 10 0.1 per contract
Coffee Arabica 09.15-18.30 cents/pound 1 19.8 20 0.1 per contract
Lumber 15.00-22.00 cents/1000 board feet 1 59.8 80 0.1 per contract
Live Cattle 14.30-19.05 cents/pound 1 11.8 30 0.1 per contract
London Cocoa 09.30-16.50 £/tonne 1 2.8 4 0.1 per contract
Coffee Robusta 09.00-17.30 $/tonne 1 2.8 6 0.1 per contract
London Sugar No.5 08.45-17.55 $/tonne 1 0.4 0.8 0.1 per contract
NY Orange Juice 13.00-19.00 cents/pound 1 23.8 40 0.1 per contract
Rough Rice 01.00-12.45, 14.30-19.20 0.1$/cwt 1 19.8 40 0.1 per contract
Soyabeans 01.00-12.45, 14.30-19.20 cents/bushel 1 1 2 0.1 per contract
NY Sugar No. 11 08.30-18.00 cents/pound 1 2.8 4 0.1 per contract
Soyabean Meal 01.00-13.45, 14.30-19.20 cents/tonne 1 39.8 50 0.1 per contract
Chicago Wheat 01.00-12.45, 14.30-19.20 cents/bushel 1 0.4 1.5 0.1 per contract

Barrier options Other

Market name Dealing hours One point means Minimum bet Available spread [7] Knock-out premium [6] Commission [9]
Bund 07.05-21.00 - 1 1.3 5 0.1 per contract
US Dollar Basket 01.00-22.00 (opens at 23.00 on Sundays) - 1 4.8 10 0.1 per contract
Volatility Index 21.30-21.15 (opens at 23.00 on Sundays) - 1 0.06 0.2 0.01 per contract
EU Volatility Index 07.05-21.00 - 1 0.1 0.4 0.01 per contract

Notes

  1. Barriers, or barrier options, are trades on a bought option, which means you cannot go short on them. You can buy a call barrier if you expect the market to rise, and buy a put barrier if you expect the market to fall.
  2. Barriers are not available for rollover, regardless of any instructions held on your account. All barriers settle basis a pre-determined expiry rule. To find out more, take a look at each market’s individual information in the platform.
  3. Trades not already closed by you or knocked out expire automatically at the date/time indicated.
  4. A barrier is automatically closed off at 0 if the relevant bid/ask reaches the knock-out level before expiry. The knock-out level chosen by you is guaranteed and therefore protected from slippage.
  5. The open price (options premium) of a barrier is the difference between the underlying IG price and the knock-out level, plus the knock-out premium. The knock-out premium is included in our spread, so you pay it when you buy to open and receive it back if you sell to close before your knock-out level is triggered.
  6. The knock-out premium is variable, based on anticipated risk in the underlying market. The premium may increase if market volatility increases, and decrease if market volatility decreases. It is possible the value of the knock-out premium will change while you have an open position. If the premium increases your knock-out will be worth more, and if the premium decreases your knock-out will be worth less.
  7. Spreads are subject to variation, especially in volatile market conditions. The spreads are equivalent to underlying IG market spreads. Please see the individual IG underlying market pages (indices, forex and commodities) for further information on how their spread is determined.
  8. The cost of buying a barrier is the opening price (options premium) multiplied by the size of the bet. This is the maximum amount that the bet can lose.
  9. Commission applies upon both the opening and closing of a trade.

Commodities overnight funding charges

  1. US and Brent crude funding is based on the market cost of carry. Seperately a 2.5% per annum admin fee is applicable.
  2. For Spot Gold and Spot Silver the overnight funding adjustment is based on the tom-next spread. Seperately a 0.3% per annum admin fee is applicable.

Vanilla options

Daily commodity vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling)

Professional margin (when selling)

Oil - Daily US Crude 23 hours (1) $1 $1 5-6 $0.1 per contract 2% 0.5%
Daily Spot Gold 21 hours (1) $1 $1 0.5-1 $0.1 per contract 2% 0.5%
Daily Spot Silver 21 hours (1) $1 $1 1-2 $0.1 per contract 2% 0.5%


Daily commodity vanilla option notes

  1. Daily commodity options settle basis the official exchange close of the relevant contract month. Daily Gold and Daily Silver options are offered from 07:15 Monday morning until 18:29 and 18:24 respectively. Pricing is then offered from 21:00 for the following days settlement. Daily US Crude options are available from 07:15 Monday until 19:29. Pricing is then offered from 21:00 for the following days settlement.
  2. If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.

Weekly commodity vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling) Professional margin (when selling)
Weekly Oil - US Crude (1) 10.00 - 19.29 GMT $1 $1 5-6 $0.1 per contract 2.00% 0.5%
Weekly Gold (1) 10.00 - 18.29 GMT $1 $1 0.5-0.8 $0.1 per contract 2.00% 0.5%

Weekly commodity vanilla option notes

  1. Weekly commodity options settle basis the official settlement of the relevant contract month on the last business day of the week.
  2. If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.

Monthly commodity vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling) Professional margin (when selling)
Oil - US Crude (1) 10.00 - 19.29 GMT $1 $1 5-6 $0.1 per contract 2% 0.5%
Gold (1) 10.00 - 18.29 GMT $1 $1 0.6-1.2 $0.1 per contract 2% 0.5%
Silver (1) 10.00 -18.25 GMT $1 $1 0.4-1.6 $0.1 per contract 2% 0.5%


Monthly commodity vanilla option notes

  1. Monthly commodity options settle basis the official settlement of the relevant contract month on the expiry day.
  2. If you are a client of IG Europe GmbH and the Derivatives Customer Agreement is revoked in accordance with the revocation instruction set out in that agreement, any Transaction already concluded under that agreement will not be revoked, but closed under the relevant terms of the Derivatives Customer Agreement which shall continue to apply to such closure together with these Product Details irrespective of the revocation of such agreement.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Options are complex financial instruments and your capital is at risk. Losses may be extremely rapid.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.