Weekly and monthly options

Trade options in the timeframe that suits you with our weekly, monthly and quarterly options. Get greater control over your leverage and risk when buying options, and take positions confidently with our intuitive options trading platform and award-winning app.¹

Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.

The features 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. However, when selling options your risk is potentially unlimited.

Leveraged trades

Trade weekly and monthly options with CFDs and gain exposure to a larger position.

Take control of trades

Discover a range of trading strategies that are unique to options, and get greater control than when trading CFDs. Profits (when buying) and losses (when selling) may still outweigh your initial outlay.

Unparalleled market range

Take positions on major indices, shares, FX and more.

Standard negative balance protection

If your account balance goes negative, it’ll be brought 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 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.

Opening an IG account is quick and easy

Fill in the form

We’ll ask a few questions about your trading experience.

Get verified

We usually verify your identity instantly.

Fund and trade

Deposit funds and start trading options.

Create demo account

Create live account

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.

Find out more about options trading strategies here

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We’ve been at the forefront of online trading and investment services for 47 years.

Trade whenever and wherever with our range of award-winning apps.

Open a demo account to explore our platform and practise trading.

¹ Best Multi Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2022. Best Finance App as awarded at the ADVFN International Financial Awards 2022.
²Negative balance protection applies to trading-related debt only, and is not available to professional traders.
³On spot gold

Contact us

Interested in opening an account?

Contact 1800 601 799 or newaccounts.au@ig.com

Want to check on your application’s progress?

Email newaccounts.au@ig.com

Have another question?

Browse our Help and Support portal

WhatsApp: Click here

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You do not own or have any interest in the underlying asset. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider the Margin Trading Product Disclosure Statement (PDS), Risk Disclosure Notice and Target Market Determination before entering into any CFD transaction with us.

The value of shares, ETFs and ETCs bought through an IG share trading account 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.

Please ensure you fully understand the risks and take care to manage your exposure.

The information on this website is prepared without considering your objectives, financial situation or needs. Consequently, you should consider the information in light of your objectives, financial situation and needs.

This website is operated by IG Australia Pty Ltd. IG Australia Pty Ltd is located on Level 32, Queen & Collins, 376-390 Collins Street, Melbourne, VIC 3000. ABN 93 096 585 410, Australian Financial Services Licence No. 515106. Derivatives Issuer Licence in New Zealand FSP No. 684191, NZBN 9429047618251.

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