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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
Start trading today. Call +44 (20) 7633 5430, or email sales.en@ig.com to talk about opening a trading account. We’re here 24/5.
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 CFDs
Take control of trades
Develop simple or complex strategies for enhanced control over your trading
Unparalleled market range
Access listed options and futures on stocks, ETFs, indices 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 us, you can trade on-exchange options and take OTC options positions via CFDs. Your 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 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.
Fill in our simple online form
We’ll ask a few questions about your trading experience.
Get swift verification
We aim to complete the verification process as quickly as possible so you can start trading on a huge range of markets.
Fund your account and trade
Or practice on a demo if you’d prefer.
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 Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
2 Negative balance protection applies to trading-related debt only.
3 On spot gold
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