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.
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
*Demo accounts are only available for spread betting and CFD trading.
Opening an IG account is quick and easy
Fast execution on a huge range of markets
Enjoy flexible access to 15,000+ 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
*Demo accounts are only available for spread betting and CFD trading.
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 15,000+ 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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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
Professional clients trading spread bets and CFDs can lose more than they deposit.
Options and futures are complex instruments which come with a high risk of losing money rapidly due to leverage. They’re not suitable for most investors. Before you invest, you should consider whether you understand how options and futures work, the risks of trading these instruments and whether you can afford to lose more than your original investment.
Trading stocks and shares ‘on margin’ within a US options and futures account – meaning that you only finance part of the cost of acquiring a position in a security – carries additional risks over buying securities on a fully funded basis and may result in losses exceeding your original investment. Trading on margin will also result in additional costs to you as the investor and any securities purchased using margin may be held as collateral by the lender, restricting both your rights as shareholder, and your ability to use the securities until the margin trade is closed. You should familiarise yourself with these risks before trading on margin.
The value of shares, ETFs and other ETPs bought through a share dealing account, a US options and futures account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Some ETPs carry additional risks depending on how they’re structured, investors should ensure they familiarise themselves with the differences before investing.
Share dealing and IG Smart Portfolio accounts provided by IG Trading and Investments Ltd, CFD accounts and US options and futures accounts are provided by IG Markets Ltd, spread betting provided by IG Index Ltd.
IG is a trading name of IG Trading and Investments Ltd (a company registered in England and Wales under number 11628764), IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. IG Markets Ltd (Register number 195355), IG Trading and Investments Ltd (Register Number 944492) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
The information on this site isn’t directed at residents of the United States, Belgium or any particular country outside the UK and isn’t intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.