What are IG's options bet product details?

Options are only available via spread betting accounts and professional CFD accounts.

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  • Daily options
  • Weekly/quarterly options
  • Futures options
  • Expiry details
  • Notes

Stock Indices

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

Daily FTSE® 100
24 hours with
gaps [6][13]
1 index point £10 £2 3 – 6
Daily Wall Street
24 hours with
gaps [6][13]
1 index point $10 £2 4 – 7
Daily US 500
24 hours with
gaps [6][13]
1 index point $100 £10 0.3 – 1.0
Daily Germany 30
24 hours [6][13]
1 index point €5 £2 3 – 6
Daily France 40
08.00-16.30
1 index point €10 £2 3 – 6
Daily Spain 35
08.00-16.30
1 index point €10 £2 5 – 12
Daily Italy 40
08.00-16.30
1 index point €5 £2 12 – 16
Daily Sweden 30
08.05-16.20
1 index point 100SEK £5 0.7-1
Daily Australia 200
10.15-16.00
1 index point AUD10 £2 2.5 – 4

Forex

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

EUR/USD
24 hours with
gaps [6][13]
0.0001
$/€
n/a £2 3 – 6
USD/JPY
24 hours with
gaps [6][13]
0.01
¥/$
n/a £2 3 – 6
GBP/USD
24 hours with
gaps [6][13]
0.0001
$/£
n/a £2 3 – 6
EUR/GBP
24 hours with
gaps [6][13]
0.0001
£/€
n/a £2 2 – 6
AUD/USD
24 hours with
gaps [6][13]
0.0001
$/A$
n/a £2 3 – 6

Commodities

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

Daily Gold futures
24 hours
$/1 troy ounce $100 £5 0.8 – 1.6
Daily Silver futures
24 hours
cents/troy ounce $50 £5 4 – 8
Oil - Daily US Crude
07.30-19.27
cents/barrel $10 £2 4 – 10

 

Forex

Options market and dealing hours

One point means

Minumum bet

Spread range

EUR/USD
24 hours with gaps [6][13]
0.0001
$/€
£2 8 – 16
USD/JPY
24 hours with gaps [6][13]
0.01
¥/$
£2 8 – 16
GBP/USD
24 hours with gaps [6][13]
0.0001
$/£
£2 8 – 16
USD/CHF
24 hours with gaps [6][13]
0.0001
SF/$
£2 8 – 16
USD/CAD
24 hours with gaps [6][13]
0.0001
C$/$
£2 8 – 16
AUD/USD
24 hours with gaps [6][13]
0.0001
$/A$
£2 8 – 16
GBP/JPY
24 hours with gaps [6][13]
0.01
¥/£
£2 8 – 16
EUR/JPY
24 hours with gaps [6][13]
0.01
$/€
£2 8 – 16
EUR/GBP
24 hours with gaps [6][13]
0.0001
£/€
£2 6 – 14

Commodities

Options market and dealing hours

One point means

Minimum bet

Spread range

Oil - US Crude
07.30-19.27
cents/barrel £1 5 – 8
Gold
07.30-18.30
$/1 troy ounce £5 0.8 –1.6

 

Stock Indices

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

FTSE® 100 Futures
24 hours [6]
1 index point £10 £2 3 – 6
FTSE 100 Weekly Futures
24 hours [6]
1 index point £10 £2 3 – 6
Wall Street Futures
24 hours [6]
1 index point $10 £2 8 – 16
Wall Street Weekly Futures
24 hours [6]
1 index point $10 £1 6 – 16
US 500 Futures
24 hours [6]
1 index point $100 £10 0.8 – 2
US 500 Weekly Futures
24 hours [6]
1 index point $100 £10 0.8 – 2
Germany 30 Futures
24 hours [6]
1 index point €5 £2 3 – 6
Germany 30 Weekly Futures
24 hours [6]
1 index point €5 £1 3 – 6
Australia 200 Futures
24 hours
1 index point AUD10 £2 4 – 8
EU Stocks 50 Futures
08.00-16.30
1 index point €10 £2 2 – 5
France 40 Futures
08.00-16.30
1 index point €10 £2 3 – 6
Hong Kong HS50
24 hours [6]
1 index point HK10 £1 6 – 20
US Tech 100 Fures
24 hours [6]
1 index point $100 £10 2 – 4

Commodities

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

Gold
13.30-18.30
$/1 troy ounce $100 £5 0.4 - 1
Silver
13.25-18.25
cents/troy ounce $50 £50 0.4 - 1.6
Copper, High-Grade
13.10-19.00
0.01 cents/pound $2.50 £2 20 - 160
Oil - US Crude
13.30-19.30
cents/barrel $10 £2 5 - 6
Sugar No. 11 World
13.10-18.30
0.01/cents/pound $11.20 £10 4 - 10
Wheat (US) cents/bushel $50 £50 1 - 4
Corn
15.30-19.15
cents/bushel $50 £50 1 - 4
Coffee Arabica (New York)
13.00-18.30
00.1 cents/pound $3.75 £4 40 - 200
Cocoa (New York)
13.30-18.30
$/1 troy ounce $100 £100 1 - 3
Soyabeans
15.30-19.15
cents/bushel $50 £50 2 - 5

Interest Rates

Options market and dealing hours

One point means

Bet size equivalent to one contract

Minimum bet

Spread range

Eurodollar
07.00-21.00
0.01 $25 $25 1 - 5
Sterling Deposit (3-month)
07.30-18.00
0.01 £12.50 £12 1 - 5
German Bund
07.00-18.00
0.01 €10 £10 1 - 5
Euribor (3-month)
07.02-18.00
0.01 €25 £25 1 - 5

Daily options

Stock Indices

Options market

Contract months

Last dealing day

Daily FTSE® 100 n/a Settles based on each day's official closing price [9]
Daily Wall Street n/a Settles based on each day's official closing price [9]
Daily US 500 n/a Settles based on each day's official closing price [9]
Daily Germany 30 n/a Settles based on each day's official closing price [9]
Daily France 40 n/a Settles based on each day's official closing price [9]
Daily Spain 35 n/a Settles based on each day's official closing price [9]
Daily Italy 40 n/a Settles based on each day's official closing price [9]
Daily Australia 200 n/a Settles based on each day's official closing price [9]

Forex

Options market

Contract months

Last dealing day

EUR/USD n/a Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [9]
USD/JPY n/a Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [9]
GBP/USD n/a Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [9]
EUR/GBP n/a Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [9]
AUD/USD n/a Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [9]

Commodities

Options market

Contract months

Last dealing day

Daily Gold Futures n/a Settles based on official closing price of Comex liquid futures contract
Daily Silver Futures n/a Settles based on official closing price of Comex liquid futures contract
Oil - Daily US Crude n/a Settles based on official closing price of NYMEX liquid futures contract

Weekly/quarterly options

Options market

Contract months

Last dealing day

EUR/USD Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
USD/JPY Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
GBP/USD Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
USD/CHF Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
USD/CAD Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
AUD/USD Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
GBP/JPY Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
EUR/JPY Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]
EUR/GBP Mar, Jun, Sep, Dec Quarterly: third Wed. of the contract month, at 10am NY time
Weekly: settles at spot rate at 10am NY time on specified Friday [11]

Options futures

Stock Indices

Options market

Contract months

Last dealing day

FTSE® 100 Futures Next three quarterly plus nearest two non-quarterly months Third Friday or previous business day of contract month
FTSE® 100 Weekly Futures Weekly From 08.00 Monday to 1630 Friday (London time)
Wall Street Futures Next two quarterly plus nearest two non-quarterly months Third Friday or previous business day of contract month
Wall Street Weekly Futures Weekly From 14.30 on Monday to 21.00 on Friday (London time)
US 500 Futures Next two quarterly plus nearest two non-quarterly months Third Friday or previous business day of contract month
US 500 weekly Futures Weekly From 14.30 on Monday to 21.00 on Friday (London time).
US Tech 100 Futures All liquid months Third Friday or previous business day of contract month [g]
Germany 30 Futures Next two quarterly plus nearest two non-quarterly months Third Friday or previous business day of contract month
Germany 30 weekly Futures Weekly From 08.00 on Monday to 16.30 on Friday (London time)
Australia 200 Futures Front quarter only Third Thursday or previous business day of contract month
EU Stocks 50 Futures Next two months Third Friday or previous business day of contract month
France 40 Futures Next two months Third Friday of contract month

Commodities

Options market

Contract months

Last dealing day

Gold Feb, Apr, Jun, Aug, Oct, Dec Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [5]
Silver Mar, May, Jul, Sep, Dec Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [5]
Copper, High-Grade Mar, May, Jul, Sep, Dec Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [5]
Oil - US Crude Any month 17th of prev. month (if Fri. then previous bus. day) [5]
Sugar No. 11 World Mar, May, Jul, Oct 15th of prev. month (or previous bus. day) [5]
Wheat (US) Mar, May, Jul, Sep, Dec Last Fri. or prev. bus. day of contract month [5]
Corn Mar, May, Jul, Sep, Dec Second Fri. or prev. bus. day of prev. month [5]
Coffee Arabica (New York) Mar, May, Jul, Sep, Dec Second Fri. or prev. bus. day of prev. month [5]
Cocoa (New York) Mar, May, Jul, Sep, Dec First Fri. or prev. bus. day of prev. month [5]
Soyabeans Jan, Mar, May, Jul, Aug, Sep Fourth Fri or prev. bus. day of contract month [5]

Interest Rates

Options market

Contract months

Last dealing day 

Eurodollar All liquid months Second London bus. day before third Wed. of contract month [5]
Sterling Deposit (3 month) All liquid months Third Wed. of contract month at 10.00 (London time) [5]
German Bund All liquid months Last bus. day of prev. month [5]
Euribor (3 month) All liquid months Two bus. days prior to 3rd Wed of contract month at 11.00 (London time) [5]

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. Bets not already closed by the client expire automatically at the date/time indicated. No spread is charged on automatic closings.

3. Our quotes are an 'all-in' spread on all options which includes both our spread and the market spread. This applies to both opening and closing transactions. The size of the spread depends on a range of factors including the level of the option premium, the time to expiry and the liquidity of the underlying market.

4. Spreads are subject to variation, especially in volatile market conditions.

5. Commodity and interest rate options settle based on exchange-delivered prices and therefore expiry times are determined by exchange rules. The listed expiry rules may be subject to variation.

6. 24-hour dealing is available on monthly FTSE®, Germany 30, Wall Street, Hong Kong HS50 and US 500 options. This runs from 08.05 on Monday until 21.15 on Friday (London time) with the exception of Wall Street and US 500 options which are offered from 0830 hrs London time. Weekly Wall Street options settle basis the official close of the DJIA on Friday evening. Weekly US 500 options will be settled basis the cash close of the S&P 500 as reported by CME at 15.00 (Chicago time). Weekly Germany 30 options settle basis the official close of the DAX cash index on Friday afternoon. Weekly FTSE options settle basis the official close of the FTSE cash index every Friday afternoon. Daily options are available 24 hours on major forex pairs, FTSE® 100, Germany 30, Wall Street and US 500, beginning within an hour of the market close. Quoting may be suspended on public holidays.

7. The margin for 'buying' an option is the opening price (or premium) multiplied by the size of the bet. This is the maximum amount that the bet can lose. The margin for 'selling' an option is the same as the margin incurred when trading the underlying futures market.

8. Daily FTSE® 100, Wall Street, Germany 30, France 40, Spain 35 and Sweden 30 options are settled against the official settlement levels of the cash FTSE 100, cash DJIA, cash DAX 30, cash CAC 40, cash Ibex 35, cash AEX and cash OMXS30 index markets respectively. Daily options on forex are settled basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time).

9. Weekly forex options expire based upon the first print on Bloomberg (E&OE) of the spot rate concerned at 10.00 New York time (normally 15.00 London time) on the Friday specified (or previous business day in the case of US public holidays).

10. Weekly and quarterly forex options are available for online dealing. Unlisted expiries up to 12 months are available on request.

11. For all daily and weekly options, bets will be accepted from one hour after the previous day's settlement until one minute before expiry.

12. Bets on US 500, US Tech 100 and Wall Street options can be dealt until the close of business on the Thursday before the third Friday. They expire based upon the Special Opening Quotation of the S&P 500 Index on the 3rd Friday of the contract month.

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