Sprint positions cannot be closed out before expiry.
All sprint positions that expire at an unchanged level, ie they expire at the exact strike level of the option, will result in you losing 50% of your premium. This applies to all markets.
Your profit or loss on the position is only considered due and payable once the position has expired. In the unlikely event the position does not expire, the position will be voided and your stake will be returned to you.
All forex sprint positions will settle against the midpoint of our price rounded to one decimal place for the relevant market at the time of expiry
Sprint positions on all stock indices will settle against the cash print of the market at the time of expiry. We will use the market level that is in our internal pricing system at the time of expiry.
All US Light Crude Oil and Spot Gold sprint positions will settle against the midpoint of our price for the relevant market at the time of expiry.
When settling a Sprint, IG will use the tick immediately on or preceding the expiry of the Sprint. No ticks after the expiry will be used.