Daily options
Trade US-listed options, or options via spread bets and CFDs. Discover low spreads on a range of daily options and get greater control over your leverage and risk.
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Contact us 0800 195 3100
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 from 9am to 5pm (UK time), Monday to Friday.
Contact us 0800 409 6789
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Contact us 0800 195 3100
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 from 9am to 5pm (UK time), Monday to Friday.
Contact us 0800 409 6789
Pros and cons of trading daily options
Pick your own leverage
Choose your strike and trade size to determine your leverage and match your risk appetite, bearing in mind profit/loss will still be calculated based on your full position size
Low spreads
Trade daily options with new reduced spreads as low as one point – the same as regular spot markets
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
Increased flexibility
Develop simple or complex options strategies for enhanced trading control and maintain your bought position despite market fluctuations, as options can become profitable until expiry
Pay low commissions
Trade options from $1.00 per contract to open and no charge to close; and from $0.85 commission to open and close a micro futures contract, respectively1
24-hour trading
You can trade daily options around the clock on our most popular markets2
No spread at expiry
Unlike other providers, we won’t charge you any closing spread to close an option if you hold it to expiry
Make sure you understand the differences between options and spot markets before you trade.
What are daily options?
Options are contracts that let you trade on the price movement of an underlying asset. With us you can take OTC options positions via spread bets and CFDs; plus you can trade the financial derivative on-exchange through US-listed options. You’ll never risk more than your initial payment when buying, just like trading an actual option. Your spread bet or CFD positions will always be cash-settled at expiry while listed options are sometimes settled physically.
You can use daily options to take a view on whether you think a market will be above or below a certain level – the strike price – at the option’s expiry. For daily options, this is at market close on the same day that you open your trade.
The cost to open a position is based on the strike price and trade size you choose. This means the amount you pay to open your position can be significantly less than when trading on spot markets.
Types of daily options
There are two types of daily 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 types of options and how to trade them here.
Open an account today
*Demo accounts are only available for spread betting and CFD trading.
Open an account today
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
*Demo accounts are only available for spread betting and CFD trading.
Open an account today
Open an account today
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
FAQs
How much does an option cost?
Our daily option prices are set by our dealing desk, based on the following three factors: the time to expiry, the current level of the underlying market and the volatility of the market.
The more likely it is that the underlying market will be above a call option’s strike price at expiry, the higher the option’s margin will be.
Likewise, the more likely it is that the underlying marketing will be below a put option’s strike price at expiry, the higher the margin will be.
The margin is calculated as trade size x daily option price.
How does selling options differ to buying them?
Selling options carries a much higher risk profile than buying them.
When you sell an option, you have the obligation to buy or sell at the strike price, and there’s no predicting how far past the strike the underlying may be at expiry. This means that when you sell call options the risk is potentially unlimited.
Learn more about the risks involved in options trading.
How do I trade options?
You can use our US-listed options and futures account to take long, short and non-directional positions. Our exchange-traded options allow you to use simple or complex strategies for more control over your trading.
Trading options via spread bets or CFDs is similar to trading them on the open market. For instance, you can buy the right to trade ten FTSE 100 CFDs at 7100, or to spread bet £10 per point on the FTSE 100 at the same level.
You’ll pay a margin at the outset, where on a traditional option you’d pay a premium, but it functions in the same way – when buying, you won’t risk more than your initial payment. All spread bets and CFDs on our options are cash-settled on closing – you’ll never have to deliver, or take delivery of, the underlying.
Learn more about trading options.
What’s the difference between margin and premium?
When you trade on margin, spread betting or trading CFDs on a spot market, you get greater exposure to a market than the amount you deposit to open the trade. However, as well as the potential for magnified gains, you could also experience magnified losses exceeding your initial deposit.
When you buy IG options you still pay a margin to open your position, but it works like he premium of a traditional option. You’ll get greater exposure to a market than the amount you originally deposited to open the trade., but your risk is limited to that initial payment.
When selling traditional options, you receive the premium upfront. When you sell IG spread bet or CFD options, you’ll pay a margin upfront – your maximum profit if your trade works out. However, you’ll be left open to potentially unlimited losses if the market doesn’t go your way.
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You can also trade longer expiries with our weekly, monthly and quarterly options.
Buy or sell Wall Street and the US 500, 24 hours a day
Follow our four-step guide to trading shares, from how the market works to making your first trade.
1 $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.
2 For forex based on number of primary relationships with FX traders (By number of primary relationships with FX traders (Investment Trends UK Leveraged Trading Report, May 2023)).
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