CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please ensure that you fully understand the risks involved.

What are IG's options CFD product details?

All our daily options are special forms of CFDs which give you an exposure to changes in option prices. A daily option is cash settled and cannot be exercised by or against you or result in delivery of the underlying security.

  • Daily options
  • Weekly options
  • Future options
  • Stock index options
  • Shares options

We quote daily options on a range of popular markets, including global stock indices, forex pairs and commodities.

Market

Contract size

Product Details

Daily FTSE 100® £10/point Daily FTSE 100®
Daily Wall Street $10/point Daily Wall Street
Daily US 500 $100/point Daily US 500
Daily Germany 40 €5/point Daily Germany 40
Daily France 40 €10/point Daily France 40
Daily Spain 35 €10/point Daily Spain 35
Daily Hong Kong HS50 HKD10/point Daily Hong Kong HS50
Daily Sweden 30 100SEK/point Daily Sweden 30
Daily Australia 200 AUD10/point Daily Australia 200
Daily Japan 225 JPY500/point Daily Japan 225
Daily Taiwan Index TWD50/point Daily Taiwan Index
Daily EUR/USD, GBP/USD $10/point Daily EUR/USD, GBP/USD
Daily USD/JPY ¥1000/point Daily USD/JPY
Daily USD/CHF SF10/point Daily USD/CHF
Daily EUR/GBP £10/point Daily EUR/GBP
Daily AUD/USD $10/point Daily AUD/USD
Daily USD/CAD CAD10/point Daily USD/CAD
Daily EUR/JPY ¥1000/point Daily EUR/JPY
Daily GBP/JPY ¥1000/point Daily GBP/JPY
Daily US Crude $10/point Daily US Crude

We quote Weekly FX options that settle each Friday basis the spot rate at 15.00 (London time).

Market

Contract size

Product Details

EUR/USD, GBP/USD, AUD/USD, NZD/USD $10/point EUR/USD, GBP/USD, AUD/USD, NZD/USD
USD/JPY, EUR/JPY, GBP/JPY ¥1000/point USD/JPY, EUR/JPY, GBP/JPY
USD/CHF SF10/point USD/CHF
EUR/GBP £10/point EUR/GBP
USD/CAD CAD10/point USD/CAD
US Light Crude Oil $10 US Light Crude Oil
Gold $100 Gold

Commodities

Market & dealing hours

One point means

Product Details

Gold
10.00-18.30
$/1 troy ounce Gold
Silver
10.00-18.25
1 cent/troy ounce Silver
Crude Oil, Light (US)
10.00-19.30
1 cent/barrel Crude Oil, Light (US)

Notes

1. Commodity options settle basis exchange-delivered prices and therefore expiry times are determined by exchange rules. The listed expiry rules may be subject to variation.

These contracts are available in addition to our daily options on global indices.

Market

Dealing hours

Value of one contract (per point)

Product Details

FTSE® 100 24 hours * £10 FTSE® 100
Wall Street 24 hours * US$10 Wall Street
US 500 24 hours * $100 US 500
US Tech 100 Futures 24 hours* $100 US Tech 100 Futures
Australia 200 24 hours * A$10 Australia 200
EU Stocks 50 08.00-16.30 €10 EU Stocks 50
Germany 40 24 hours * €5 Germany 40
France 40 08.00-16.30 €10 France 40
Hong Kong 50 24 hours * €100 Hong Kong 50
Netherlands 25 08.05-16.30 €100 Netherlands 25
Japan 225 24 hours * JPY500 Japan 225

Weekly

FTSE® 100 24 hours (5) £10 FTSE® 100
Germany 40 08.00-16.30 (6) €5 Germany 40
Netherlands 25 08.05-16.25 €100 Netherlands 25
US 500 24 hours (4) $100 US 500
Wall Street 14.30-21.00 (3) $10 Wall Street
Hong Kong 50 24 hours HK10 Hong Kong 50
NASDAQ 8.05-21.00 $100 NASDAQ
US Tech 100 8.05-21.00 $100 US Tech 100

Notes

* 24-hour dealing starts at 08.00 (London time) on Monday and finishes at 21.15 (London time) the following Friday. Ask dealers for information about public holidays.

We charge a standard spread on USD, EUR, CHF, GBP and AUD share options.

Our share options are a special form of CFD, which give a client exposure to changes in option prices but cannot be exercised by or against the client, and thus cannot result in delivery of actual shares.

Description

Standard spread (per side)

USD share options 5
EUR share options 3
CHF share options 3
GBP share options 1
AUD share options 5

Please note a handful of strikes on a small selection of shares such as Tesla, can be traded online and found via the 'Watchlist'.

Notes

1. Options are not available for rollover, regardless of any instructions held on your account. All options settle basis a pre-determined expiry rule. To find out more, take a look at each market's individual information in-platform.

2. As long as there is a tradable option in the underlying, we trade all options on shares in the FTSE® 100, the DOW 30, the S&P 500, the Nasdaq 100 and some large cap Canadian and Australian stocks, as well as on a large selection of European options traded on Eurex or Euronext.

3. We charge a standard spread per lot, per side, on USD, EUR, CHF, GBP, and AUD shares. There is no charge on the expiry of a share option, but the standard spread will be charged for opening and closing positions. The charge is automatically applied to your account.

4. The standard spread charges are set out in the table above.

5. The margin requirement for buying an option contract is the opening price (or premium) multiplied by the number of shares. For selling a share option, the margin required is the same as selling the equivalent number of shares in the underlying stock of the option.The margin requirement for buying an option contract is the opening price (or premium) multiplied by the number of shares. For selling a share option, the margin required is the same as selling the equivalent number of shares in the underlying stock of the option.

6. Dealing hours are as follows:

  • UK share options: 08.00–16.30 (London time)
  • American share options: 14.30–21.00 (London time) †
  • European shares: Market hours for the relevant Exchange. Please ask for current details.
  • Australian share options: 10:15-15:55 (Sydney time) †

†It may sometimes not be possible to quote a particular share option if there is no price being published in the underlying market.

7. The last dealing day for US share options is the third Friday of the contract month.

8. The last dealing day for AU share options is usually the third Thursday of the month before the last Friday of the settlement month unless it falls on a public holiday.

Share options not already closed by the client are closed on or after the last dealing day for those share options, on the following basis:

Call options at the closing price of the underlying share as quoted on the primary exchange at or after the market close on the last trading day, less the strike price, or at 0, whichever is greater. The price used will be the closing price as quoted on the primary exchange.

Put options at the strike price, less the closing price of the underlying share as quoted on the primary exchange, at or after the market close on the last trading day, or at 0, whichever is greater. The price used will be the closing price as quoted on the primary exchange.

9. If there is a corporate action, for example rights issue, affecting the underlying share, we will determine the appropriate adjustment, if any, to be made to the related share option. These adjustments will take account of the dilutive or concentrative effect necessary to preserve the economic equivalent of the rights and obligations of the parties under the relevant margin trade immediately prior to that event. Exchanges provide details of such corporate events online.

10. When you trade in a currency other than your base currency your profit or loss will be realised in that currency. As a default, we will automatically convert any positive or negative balance on your account in a currency other than your base currency to your base currency instantly or daily. You may change this default at any time via our trading platform or by calling us.

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