The benefits of trading weekly, monthly and quarterly options
Zero overnight funding
You don’t pay overnight funding as on regular spot markets, so you can hold longer positions for less.
Know your risk
Your risk is only as much as the margin you pay to open when you buy options, even when the expiry is months in the future.
Increased market opportunity
Find opportunity on a broad range of market conditions. You can even trade on flat markets.
Take control of trades
Discover a range of trading strategies that are unique to options, and get greater control than when trading CFDs or spread betting.
Unparalleled market range
Take positions on major indices, shares, FX and more.
Negative balance protection
If your account balance goes negative, we’ll bring it back to zero.2
Keep costs down
Trade on competitive spreads, from as low as 0.53 points.
No spread at expiry
Don’t pay any spread to close your position when you hold it to expiry.
What are weekly, monthly and quarterly options?
Weekly, monthly and quarterly options are contracts that give you the right – but not the obligation – to buy or sell an underlying asset before a certain date, with weekly, monthly or quarterly expiry dates.
With IG, you can spread bet or trade CFDs on an option’s price. Your positions will always be cash-settled at expiry. You’ll never have to deliver, or take delivery of, the underlying.
You can use options to speculate on whether the price of a financial market will move above or below a certain level – the strike price – at the option’s expiry. For weekly options this is on the following Friday, and for monthly options the third Friday of the month. The date of expiry for quarterly options will depend on the market being traded.
You can find more details of the expiry time in the ‘information’ tab of the deal ticket. If you want to use options for intraday trading, take a look at our daily options – trade with low spreads and get greater leverage than on spot market positions.
Types of weekly, monthly and quarterly option
There are two types of weekly, monthly and quarterly option – calls and puts.
- If you think the market is going to rise, you’d buy a call
- If you think the market is going to fall, you’d buy a put
Find out more about call and put options here.
Weekly, monthly and quarterly options trading strategies
You can use most options trading strategies when trading weekly, monthly options, you just need to consider the timeline when choosing your strategy. For instance, a covered call (selling a call option) might be a good weekly option strategy if you foresee losses on an asset that you already own.
1 Awarded ‘best finance app’ at the ADVFN International Financial Awards 2019, 2018, 2017 and 2016.
2 Negative balance protection applies to trading-related debt only, and is not available to professional traders.
3 On spot gold