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Indices options product details

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

Barriers

Market name [9] Minimum bet Time period Available spread [7] Knock-out premium [6] Commission [10]
FTSE 100
24 hours
1 07.00-08.00
08.00-16.30
16.30-21.00
All other times
1.8
0.8
1.8
3.8
0.8 0.1 per contract
Germany 30
24 hours
1 07.00-08.00
08.00-16.30
16.30-21.00
21.00-07.00
1.8
0.8
1.8
4.8
1.5 0.1 per contract
Wall Street
24 hours
1 08.00-14.30
14.30-21.00
21.15-21.30
22.00-23.00
All other times
2.2
1.4
5.6
5.6
3.6
2 0.1 per contract
US 500
24 hours
1 14.30-21.00
21.00-14.30
21.15-21.30
22.00-23.00
0.2
0.4
1.3
1.3
0.25 0.1 per contract
US Tech 100
24 hours
1 14.30-21.00
21.00-14.30
21.15-21.30
22.00-23.00
0.8
1.8
4.8
4.8
1 0.1 per contract
US Russell 2000
24 hours
1 21.15-21.30
22.00-23.00
All other times
0.6
0.6
0.1
0.3 0.1 per contract
EU Stocks 50
24 hours
1 07.00-21.00
21.00-07.00
1.3
2.8
1 0.1 per contract
France 40
24 hours
1 08.00-16.30
16.30-21.00
21.00-07.00
07.00-08.00
0.8
1.8
3.8
1.8
1 0.1 per contract
Spain 35
24 hours
1 07.00-08.00
08.00-16.30
16.30-19.00
19.00-07.00
4.8*
4.8
4.8*
11.8
4.5 0.1 per contract
Australia 200
24 hours
1 09.50-10.00
10.00-16.00
16.00-16.30
17.10-08.00 [11]
All other times (Sydney)
1.8
0.8
1.8
2.8
3.8
1.5 0.1 per contract
Japan 225
24 hours
1 22.00-00.00
00.00-6.30
6.30-21.00
All other times (GMT)
14.8
6.8
14.8
29.8
8 0.1 per contract
Hong Kong HS50
24 hours
1 01.15-04.00
05.00-08.30
09.15-16.59
All other times (GMT)
4.8
4.8
4.8*
19.8
10 0.1 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. If variable spreads are in use, then the spread shown in this table is the amount of IG spread added to the underlying futures market spread. Any variable dealing spreads are marked with an asterisk (*)
  8. The cost of buying a barrier is the opening price (options premium) multiplied by the size of the position. This is the maximum amount that the position can lose.
  9. Where indicated, 24-hour dealing opens at 23.02 (London time) on Sundays, with the exception of Wall Street, US 500, US Tech 100 and Japan 225, which open at 23.00 (London time) on Sundays. 24-hour dealing closes at 22.00 (London time) on Fridays.
  10. Commission applies upon both the opening and closing of a trade.
  11. During US daylight saving time, this session runs from 17.10-07.00 (Sydney time).

Indices overnight funding charges

Interest adjustments are calculated as follows:

D = n x C x i / 365

Where:
D = daily interest adjustment
n = bet size (Amount per point)
C = underlying index price at 10pm (London time)
i = applicable annual LIBOR interest rate

Note: The formula uses a 365-day divisor for the FTSE® 100, and a 360-day divisor for all others.
Interest in respect of long positions is debited from your account, and interest in respect of short positions is either credited to or debited from your account.

Seperately an admin fee of 2.5% per annum will be applicable for holding positions at 10pm (London time)

Adjustment for dividends

A dividend adjustment is applied to take account of the ex-dividend adjustment to the index. This is the number of points by which the index price must be adjusted downwards to take account of those shares in the index which go ex-dividend at the close of the cash market. We will use the ex-dividend figure estimated by Bloomberg (E&OE), rounded to the tick size we use for that index, to determine what adjustment to apply. In the case of long positions, the dividend adjustment is credited to your account. In the case of short positions, the dividend adjustment is debited from your account. No adjustment is made to your knock-out level in either case.

Vanilla options

Daily index vanilla options

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

Professional margin (when selling)

Daily FTSE 100® 23 hours (1) £1 £1 3-4 £0.1 per contract 2% 0.5%
Daily Wall Street 23 hours (2) $1 $1 4-5 $0.1 per contract 2% 0.5%
Daily US 500 23 hours (2) $1 $1 0.5-1 $0.1 per contract 2% 0.5%
Daily Germany 30 23 hours (1) € 1 € 1 4-6 €0.1 per contract 2% 0.5%
Daily France 40 08:05-16:28 GMT (3) € 1 € 1 2-3 €0.1 per contract 2% 0.5%
Daily Italy 40 08:05-16:28 GMT (3) € 1 € 1 8-14 €0.1 per contract 2% 0.5%
Daily Spain 35 08:05-16:28 GMT (3) € 1 € 1 3-4 €0.1 per contract 2% 0.5%
Daily Sweden 30 08:05-16:28 GMT (3) 1SEK 1SEK 0.8-1 SEK1 per contract 2% 0.5%
Daily Australia 200 23:15-04:58 GMT (3) AUD1 AUD1 2-3 AUD0.1 per contract 2% 0.5%


Daily index vanilla option notes

  1. Daily FTSE and Daily Germany 30 options settle against the official settlement levels of the cash FTSE 100 and cash DAX 30 markets. Pricing is offered from 07:15 Monday morning (GMT) until 16.29 Monday before reopening at 17:10 for the following day’s settlement. This follows for the rest of the week until 16:29 Friday – no pricing is offered over the weekend.
  2. Daily Wall Street and Daily US 500 options settle against the official settlement levels of the Wall Street cash and US 500 cash markets. Pricing is offered from 07:15 Monday morning (GMT) until 20:59 Monday before reopening at 21:40 for the following day’s settlement. This follows for the rest of the week until 20:59 Friday.
  3. Daily France 40, Daily Spain 35 and Daily Sweden 30 options settle basis the official settlement of the relevant official cash market. Pricing is offered from 08:05 GMT each weekday until 16:29. No pricing is offered overnight.
  4. 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 index vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling) Professional margin (when selling)
Weekly FTSE 100 24 hours (1) £1 £1 3-5 £0.1 per contract 2% 0.5%
Weekly Germany 30 24 hours (1) € 1 € 1 4-6 €0.1 per contract 2% 0.5%
Weekly US 500 24 hours (2) $1 $1 0.6-1.4 $0.1 per contract 2% 0.5%
Weekly Wall Street 24 hours (2) $1 $1 6-10 $0.1 per contract 2% 0.5%
Weekly EU Stocks 50 08:10 - 16:30 GMT (3) € 1 € 1 0.7-1.2 €0.1 per contract 2% 0.5%
Weekly OMX 30 08:10 - 16:24 GMT (3) 1 SEK 1 SEK 0.8-1 1 SEK per contract 2% 0.5%

​Weekly index vanilla options notes

  1. Weekly FTSE 100 and Weekly Germany 30 options settle basis the official close of the cash index on the last business day of the week. Trading is available from 08:10 GMT Monday through to 16:29 GMT Friday inclusive.
  2. Weekly US 500 and Weekly Wall Street options settle basis the official close of the cash index on the last business day of the week. Trading is available from 08:10 GMT Monday through to 20:59 GMT Friday inclusive.
  3. Weekly EU Stocks 50 and Weekly OMX 30 options settle basis the official close of the cash index on the last business day of the week.
  4. 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 index vanilla options

Market Dealing hours Contract size Min Bet Available spread Commission Retail margin (when selling) Professional margin (when selling)
FTSE 100 24 hours (1) (6) £1 £1 4-8 £0.1 per contract 2% 0.5%
Germany 30 24 hours (2) (6) € 1 € 1 4-6 €0.1 per contract 2% 0.5%
Wall Street 24 hours (3) (6) $1 $1 8-20 $0.1 per contract 2% 0.5%
US 500 24 hours (4) (6) $1 $1 0.8-2 $0.1 per contract 2% 0.5%
Australia 200 24 hours (5) (6) $1 $1 6-12 $0.1 per contract 2% 0.5%
EU Stocks 50 08.05 - 16.30 GMT (7) € 1 € 1 0.6-1.6 €0.1 per contract 2% 0.5%
France 40 08.05 - 16.30 GMT (8) € 1 € 1 2-3 €0.1 per contract 2% 0.5%
OMX 30 08.05 - 16.25 GMT (9) 1 SEK 1 SEK 0.6-1.2 1 SEK per contract 2% 0.5%


Monthly index vanilla options notes

  1. FTSE 100 options settle basis the Exchange Deliver Settlement Price (EDSP) as reported by ICE on the third Friday of the contract month. The EDSP is based on an intraday cash auction on the FTSE 100 index from 10:10 GMT to 10:15 GMT.
  2. Germany 30 options settle basis the final settlement value of the DAX as reported by Eurex on the third Friday of the contract month. This settlement is derived from the intraday auction at 13:00 CET.
  3. Wall Street options can be traded until 15:15 CT on the last trading day and settle basis the Special Opening Quotation (SOQ) of the DJIA on the third Friday of the contract month. Note this is the day after the last dealing day. The SOQ is calculated from the sequence of opening prices of the 30 DJIA stocks on the NYSE.
  4. US 500 options can be traded until 15:15 CT on the last trading day and settle basis the Special Opening Quotation (SOQ) of the SPX on the third Friday of the contract month. Note this is the day after the last dealing day.
  5. Australia 200 options settle basis the Special Opening Quotation of the ASX 200 on the last trading day. The SOQ is calculated using the first traded price of each component stock in the S&P/ASX 200 on the last trading day.
  6. 24-hour trading begins at 08:00 GMT Monday through to 21:15 GMT Friday. This applies for FTSE 100, Germany 30, Wall Street and US 500 options. Australia 200 options are available for trading from 23:00 GMT Sunday through to 10.15 GMT Friday.
  7. EU Stocks 50 options settled based on the final settlement value of the EuorStoxx 50 as reported by Eurex on the last trading day. This settlement value is based on the average of the respective index values calculated between 11:50 and 12:00 CET.
  8. France 40 options settle based on the EDSP as reported by Eurex. This is calculated by taking the mean of all index values calculated and disseminated between 15:40 and 16:00 CET.
  9. OMX 30 options settle based on the final settlement value as reported by Nasdaq OMX exchange.
  10. 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. 74% 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.