Can I trade share options with IG?
Yes, you can trade a range of share options with us via CFDs. Select popular stocks are available to trade on our web platform, and our full range is available to trade by phone.
Can I trade share options online, or do I have to phone to deal?
That depends on which markets you’d like to trade. We are looking to introduce online trading for share options, and to start off with we’re offering Tesla shares (weekly and monthly expiries).
Over the coming weeks we hope to expand this offering, depending on client demand.
You can trade our full range of share options – offering stocks from the world’s major exchanges – by phone on +44 (20) 7633 5431
How do I trade share options online?
You can trade weekly and monthly share options in our web platform. Rather than finding them in the options flyout, each has their own watchlist. For example, you’d trade Tesla from the ‘Tesla Options’ watchlist:
What are share options?
Share options are contracts that enable you to trade on the price movement of an underlying stock. You can use share options to take a view on whether you think a stock’s price will be above or below a certain level – the strike price – at the option’s expiry.
Normally, buying a share option would give you the right to buy or sell a share at the strike on expiry. However, when you trade share options with us, rather than trading an option directly, you’re trading a CFD on an option’s price.
This means that, your positions will be cash-settled on expiry. So you’ll never have to worry about delivering, or taking delivery of, the underlying shares.
As with more traditional options, your maximum risk on a long option position is the option premium.
You can trade select share options on our web platform, and phone +44 (20) 7633 5431 to deal on our full range.
Which stocks can I trade using share options?
You can currently trade Tesla (weekly and monthly expiries) online,. We hope to expand this offering over the coming weeks depending on client demand.
You can also trade our full range of share options over the phone, on +44 (20) 7633 5431. As long as there is a tradable option in the underlying, we offer all options on shares in the FTSE® 100, the DOW 30, the S&P 500, the Nasdaq 100 and some large cap Canadian and Australian stocks, as well as on a large selection of European options traded on Eurex or Euronext.
What are the dealing hours of share options?
Dealing hours for share options are as follows:
- UK share options: 08:00–16:30 (London time)
- American share options: 14:30–21:00 (London time)*
- European shares: Market hours for the relevant exchange. Please ask for current details
- Australian share options: 10:00-15:55 (Sydney time)*
*It may sometimes not be possible to quote a particular share option if there is no price being published in the underlying market.
How much does trading share options cost?
We charge a spread depending on where the shares you’re trading originate:
- 5c on US shares
- 3p on UK shares
- 3c on European shares
You can find the full details in the ‘share options’ tab of our fees and charges.
