Weekly and monthly options
Trade options on exchange or over the counter in the timeframe that suits you with our weekly and monthly options. Get greater control over leverage and risk for confident trading with our award-winning platform platform.1
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Contact us 08001953100
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.
Contact us 0800 409 6789
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Contact us 08001953100
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.
Contact us 0800 409 6789
The features of trading weekly, monthly and quarterly options
Zero overnight funding
You don’t pay overnight funding as on regular OTC 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. However, when selling options your risk is potentially unlimited
Leveraged trades
Gain exposure to a larger position when you trade weekly and monthly options with US-listed options or OTC options positions via spread bets and CFDs
Go long, short or non-directional
Speculate based on rising, falling or neutral prices with your strategies in the ever-changing market
Unparalleled market range
Access listed options and futures on stocks, ETFs, indices and more
Greater control
Develop simple or complex strategies for enhanced control over your trading
Pay low commissions
Trade options from $1.00 per contract to open and no charge to close; and from $0.85 commission2 to open and close a micro futures contract, respectively
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 us, you can trade on-exchange options and take OTC options positions via spread bets and CFDs. Your spread bet or CFD positions will always be cash-settled at expiry while listed options and futures are sometimes settled physically.
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 expiry date 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 options
There are two types of weekly, monthly and quarterly options – 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.
Opening an IG account is quick and easy
Opening an IG account is quick and easy
Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
Opening an IG account is quick and easy
Opening an IG account is quick and easy
Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 50 years of experience, we’re proud to offer a truly market-leading service
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.
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1 Best trading platform as awarded at the ADVFN International Financial Awards and Professional Trader Awards 2024. Best trading app as awarded at the ADVFN International Financial Awards 2024. Best platform for options trading – ADVFN International Finance Awards 2024.
2 $1.00 commission to open per options contract, $0 commission to close per options contract. Applicable exchange, clearing, and regulatory fees still apply to all opening and closing equity options trades. Some additional applicable commissions are capped at $10 per leg on equity option trades. The following index products are excluded from the capped commissions offer: SPX, RUT, VIX, OEX, XEO, DJX, and XSP. Learn more about our charges.
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