Can I trade share options with IG?
Can I trade share options online, or do I have to phone to deal?
That depends on which markets you’d like to trade. We are testing online trading for share options, and to start off with we’re offering Tesla shares (weekly and monthly expiries).
Over the coming weeks we hope to expand this offering, depending on client demand.
You can trade our full range of share options – offering stocks from the world’s major exchanges – by phone on 0800 409 6789.
What are share options?
Share options are contracts that enable you to trade on the price movement of an underlying stock. You can use share options to take a view on whether you think a stock’s price will be above or below a certain level – the strike price – at the option’s expiry.
Normally, buying a share option would give you the right to buy or sell a share at the strike on expiry. However, when you trade share options with us, rather than trading an option directly, you’re trading a CFD on an option’s price.
All this means is that, instead of having the right to buy or sell shares at a certain price, your positions will be cash-settled on expiry. So you’ll never have to worry about delivering, or taking delivery of, the underlying shares.
As with more traditional options, you’ll never risk more than your initial payment when buying.
You can trade select share options on our web platform, and phone 0800 409 6789 to deal on our full range .