What are IG's options bet product details?

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 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 (monthly and weekly) which are offered from 0115 hrs London time. Japan 225, Australia 200 and Hong Kong HS50 24-hour dealing runs from the open of the cash market on Mondays until 21:15 Friday (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 40, France 40, Spain 35, Netherlands 25 and Sweden 30 options are settled against the official settlement levels of the cash FTSE 100, cash DJIA, cash DAX 40, 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.

13. Options on the following commodities are available on request: High grade copper, Sugar no.11 world, Wheat (US), Corn, Coffee Arabica (New York), Soyabeans. Please call for details, but note that only higher threshold deal sizes will apply.