Options Bet Details
Daily Options
Daily Options
Notes in [square brackets] are detailed in the 'Notes' tab.
| Options market & dealing hours | One point means | Bet size equivalent to one contract |
Minimum bet | Spread range |
|---|---|---|---|---|
| Stock Indices | ||||
| Daily FTSE® 100 24 hours with gaps [e][l] |
1 index point | £10 | £2 | 3 – 6 |
| Daily Wall Street 24 hours with gaps [e][l] |
1 index point | $10 | £2 | 4 – 7 |
| Daily US SPX 500 24 hours with gaps [e][l] |
1 index point | $100 | £10 | 0.3 – 1.0 |
| Daily Germany 30 24 hours [e][l] |
1 index point | €5 | £2 | 3 – 6 |
| Daily France 40 08.00-16.30 |
1 index point | €10 | £2 | 3 – 6 |
| Daily Spain 35 08.00-16.30 |
1 index point | €10 | £2 | 5 – 12 |
| Daily Italy 40 08.00-16.30 |
1 index point | €5 | £2 | 12 – 16 |
| Daily Netherlands 25 08.00-16.28 |
1 index point | €100 | £2 | 0.2 – 0.4 |
| Daily Australia 200 10.15-16.00 |
1 index point | AUD10 | £2 | 5 – 7 |
| Forex | ||||
| EUR/USD 24 hours with gaps [e][l] |
0.0001 $/€ |
n/a | £2 | 3 – 6 |
| USD/JPY 24 hours with gaps [e][l] |
0.01 ¥/$ |
n/a | £2 | 3 – 6 |
| GBP/USD 24 hours with gaps [e][l] |
0.0001 $/£ |
n/a | £2 | 3 – 6 |
| EUR/GBP 24 hours with gaps [e][l] |
0.0001 £/€ |
n/a | £2 | 2 – 6 |
| AUD/USD 24 hours with gaps [e][l] |
0.0001 $/A$ |
n/a | £2 | 3 – 6 |
| Commodities | ||||
| Daily Gold futures 24 hours |
$/1 troy ounce | $100 | £5 | 0.8 – 1.6 |
| Daily Silver futures 24 hours |
cents/troy ounce | $50 | £5 | 4 – 8 |
| Daily Crude Oil, Light (US) 08.00-19.27 |
cents/barrel | $10 | £2 | 4 – 10 |
Weekly & Quarterly
Weekly & Quarterly Options
Notes in [square brackets] are detailed in the 'Notes' tab.
| Forex pair & dealing hours | One point means | Minimum bet | Spread range |
|---|---|---|---|
| EUR/USD 24 hours with gaps [e][l] |
0.0001 $/€ |
£2 | 8 – 16 |
| USD/JPY 24 hours with gaps [e][l] |
0.01 ¥/$ |
£2 | 8 – 16 |
| GBP/USD 24 hours with gaps [e][l] |
0.0001 $/£ |
£2 | 8 – 16 |
| USD/CHF 24 hours with gaps [e][l] |
0.0001 SF/$ |
£2 | 8 – 16 |
| USD/CAD 24 hours with gaps [e][l] |
0.0001 C$/$ |
£2 | 8 – 16 |
| AUD/USD 24 hours with gaps [e][l] |
0.0001 $/A$ |
£2 | 8 – 16 |
| GBP/JPY 24 hours with gaps [e][l] |
0.01 ¥/£ |
£2 | 8 – 16 |
| EUR/JPY 24 hours with gaps [e][l] |
0.01 $/€ |
£2 | 8 – 16 |
| EUR/GBP 24 hours with gaps [e][l] |
0.0001 £/€ |
£2 | 6 – 14 |
Futures Options
Futures Options
Notes in [square brackets] are detailed in the 'Notes' tab.
| Options market & dealing hours | One point means | Bet size equivalent to one contract |
Minimum bet | Spread range |
|---|---|---|---|---|
| Stock Indices | ||||
| FTSE® 100 Futures 24 hours [e] |
1 index point | £10 | £2 | 3 – 6 |
| FTSE® 100 Weekly Futures 24 hours [e] |
1 index point | £10 | £2 | 3 – 6 |
| Wall Street Futures 24 hours [e] |
1 index point | $10 | £2 | 8 – 16 |
| Wall Street Weekly Futures 24 hours [e] |
1 index point | $10 | £1 | 6 – 16 |
| US SPX 500 Futures 24 hours [e] |
1 index point | $100 | £10 | 0.8 – 2 |
| US SPX 500 Weekly Futures 24 hours [e] |
1 index point | $100 | £10 | 0.8 – 2 |
| US Tech 100 Futures* 24 hours |
1 index point | $100 | $100 | 1 – 30 |
| Germany 30 Futures 24 hours [e] |
1 index point | €5 | £2 | 3 – 6 |
| Germany 30 Weekly Futures 24 hours [e] |
1 index point | €5 | £1 | 3 – 6 |
| Australia 200 Futures 24 hours |
1 index point | AUD10 | £2 | 4 – 8 |
| EU Stocks 50 Futures 08.00-16.30 |
1 index point | €10 | £2 | 2 – 5 |
| France 40 Futures 08.00-16.30 |
1 index point | €10 | £2 | 3 – 6 |
| Netherlands 25 Futures 08.05-16.30 |
1 index point | €100 | £10 | 3 – 7 |
| Commodities | ||||
| Gold 13.30-18.30 |
$/1 troy ounce | $100 | £5 | 1 - 3 |
| Silver 13.25-18.25 |
cents/troy ounce | $50 | £50 | 1 - 4 |
| Copper, High-Grade 13.10-19.00 |
0.01 cents/pound | $2.50 | £2 | 20 - 160 |
| Crude Oil, Light (US) 13.30-19.30 |
cents/barrel | $10 | £2 | 10 - 20 |
| Sugar No. 11 World 13.10-18.30 |
0.01/cents/pound | $11.20 | £10 | 4 - 10 |
| Wheat (US) |
cents/bushel | $50 | £50 | 1 - 4 |
| Corn 15.30-19.15 |
cents/bushel | $50 | £50 | 1 - 4 |
| Coffee Arabica (New York) 13.00-18.30 |
00.1 cents/pound | $3.75 | £4 | 40 - 200 |
| Cocoa (New York) 13.30-18.30 |
$/1 troy ounce | $100 | £100 | 1 - 3 |
| Soyabeans 15.30-19.15 |
cents/bushel | $50 | £50 | 2 - 5 |
| Interest Rates | ||||
| Eurodollar 07.00-21.00 |
0.01 | $25 | $25 | 1 - 5 |
| Sterling Deposit 07.30-18.00 |
0.01 | £12.50 | £12 | 1 - 5 |
| German Bund 07.00-18.00 |
0.01 | €10 | £10 | 1 - 5 |
| Euribor 07.02-18.00 |
0.01 | €25 | £25 | 1 - 5 |
Expiry Details
Expiry Details
Notes in [square brackets] are detailed in the 'Notes' tab.
| Options market | Contract months | Last dealing day |
|---|---|---|
Daily Options |
||
| Stock Indices | ||
| Daily FTSE® 100 | n/a | Settles based on each day's official closing price [h] |
| Daily Wall Street | n/a | Settles based on each day's official closing price [h] |
| Daily US SPX 500 | n/a | Settles based on each day's official closing price [h] |
| Daily Germany 30 | n/a | Settles based on each day's official closing price [h] |
| Daily France 40 | n/a | Settles based on each day's official closing price [h] |
| Daily Spain 35 | n/a | Settles based on each day's official closing price [h] |
| Daily Italy 40 | n/a | Settles based on each day's official closing price [h] |
| Daily Netherlands 25 | n/a | Settles based on each day's official closing price [h] |
| Daily Australia 200 | n/a | Settles based on each day's official closing price [h] |
| Forex | ||
| EUR/USD | n/a | Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [h] |
| USD/JPY | n/a | Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [h] |
| GBP/USD | n/a | Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [h] |
| EUR/GBP | n/a | Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [h] |
| AUD/USD | n/a | Settles basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time) [h] |
| Commodities | ||
| Daily Gold Futures | n/a | Settles based on official closing price of Comex liquid futures contract |
| Daily Silver Futures | n/a | Settles based on official closing price of Comex liquid futures contract |
| Daily Crude Oil, Light (US) | n/a | Settles based on official closing price of NYMEX liquid futures contract |
Weekly/Quarterly Options |
||
| EUR/USD | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| USD/JPY | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| GBP/USD | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| USD/CHF | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| USD/CAD | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| AUD/USD | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| GBP/JPY | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| EUR/JPY | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
| EUR/GBP | Mar, Jun, Sep, Dec | Quarterly: third Wed. of the contract month, at 10am NY time Weekly: settles at spot rate at 10am NY time on specified Friday [j] |
Options Futures |
||
| Stock Indices | ||
| FTSE® 100 Futures | 4 most liquid months | Third Fri. or prev. bus. day of contract month |
| Wall Street Futures | 3 most liquid months | Third Fri. or prev. bus. day of contract month |
| Wall Street Weekly Futures | Weekly | From 14.30 on Monday to 21.00 on Friday (London time) |
| US SPX 500 Futures | 3 most liquid months | Third Fri. or prev. bus. day of contract month |
| US SPX 500 weekly Futures | Weekly | From 14.30 on Monday to 21.00 on Friday (London time). |
| US Tech 100 Futures | All liquid months | Third Fri. or prev. bus. day of contract month [g] |
| Germany 30 Futures | 3 most liquid months | Third Fri. or prev. bus. day of contract month |
| Germany 30 weekly Futures | Weekly | From 08.00 on Monday to 16.30 on Friday (London time) |
| Australia 200 Futures | Front quarter only | Third Thurs. or prev. bus. day of contract month |
| EU Stocks 50 Futures | Front month only | Third Friday or prev. bus. day of contract month |
| France 40 Futures | Front month only | Third Friday of contract month |
| Netherlands 25 Futures | Front month only | Third Friday of contract month |
| Commodities | ||
| Gold | Feb, Apr, Jun, Aug, Oct, Dec | Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [d] |
| Silver | Mar, May, Jul, Sep, Dec | Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [d] |
| Copper, High-Grade | Mar, May, Jul, Sep, Dec | Fourth bus. day prior to contract month (if Friday or prior to Exchange holiday then previous bus. day) [d] |
| Crude Oil, Light (US) | Any month | 17th of prev. month (if Fri. then previous bus. day) [d] |
| Sugar No. 11 World | Mar, May, Jul, Oct | 15th of prev. month (or previous bus. day) [d] |
| Wheat (US) | Mar, May, Jul, Sep, Dec | Last Fri. or prev. bus. day of contract month [d] |
| Corn | Mar, May, Jul, Sep, Dec | Second Fri. or prev. bus. day of prev. month [d] |
| Coffee Arabica (New York) | Mar, May, Jul, Sep, Dec | Second Fri. or prev. bus. day of prev. month [d] |
| Cocoa (New York) | Mar, May, Jul, Sep, Dec | First Fri. or prev. bus. day of prev. month [d] |
| Soyabeans | Jan, Mar, May, Jul, Aug, Sep | Fourth Fri or prev. bus. day of contract month [d] |
| Interest Rates | ||
| Eurodollar | All liquid months | Second London bus. day before third Wed. of contract month [d] |
| Sterling Deposit (3 month) | All liquid months | Third Wed. of contract month at 10.00 (London time) [d] |
| German Bund | All liquid months | Last bus. day of prev. month [d] |
| Euribor (3 month) | All liquid months | Two bus. days prior to 3rd Wed of contract month at 11.00 (London time) [d] |
Notes
Notes
a) Bets not already closed by the client expire automatically at the date/time indicated. See point (k) below for daily and weekly options. No spread is charged on automatic closings.
b) IG Index quotes an 'all-in' spread on all options which includes both the IG Index spread and the market spread. This applies to both opening and closing transactions. The size of the spread depends on a range of factors including the level of the option premium, the time to expiry and the liquidity of the underlying market.
c) Spreads are subject to variation, especially in volatile market conditions.
d) Commodity and interest rate options settle based on exchange-delivered prices and therefore expiry times are determined by exchange rules. The listed expiry rules may be subject to variation.
e) 24-hour dealing is available on monthly FTSE®, Germany 30, Wall Street and US SPX 500 options. This runs from the relevant market open on Monday until 21.15 on Friday. Weekly Wall Street options settle based on the official close of the DJIA on Friday evening. Weekly US SPX 500 options will be settled based on the cash close of the S&P 500 as reported by CME at 15.00 (Chicago time). Weekly Germany 30 options settle based on the official close of the DAX cash index on Friday afternoon. Weekly FTSE options settle based on the official close of the FTSE cash index every Friday afternoon. Daily options are available 24 hours on major forex pairs, FTSE® 100, Germany 30, Wall Street and US SPX 500, beginning within an hour of the market close. Quoting may be suspended on public holidays.
f) The deposit factor when 'buying' an option is the opening price (or premium) multiplied by the size of the bet. This is the maximum amount that the bet can lose. The deposit factor for 'selling' an option is the same as the deposit factor for trading the underlying futures market, e.g. if the deposit factor for the FTSE® 100 futures is 40*stake, then selling an option will incur a deposit of 40*stake.
g) Bets on quarterly US Tech 100 options are only available for dealing over the phone. They can be dealt until the close of the business day before the third Friday. Bets on non-quarter month US Tech 100 options can be dealt until close of business on the third Friday, and settle against the current quarter month's price.
h) Daily FTSE® 100, Wall Street, Germany 30, France 40, Spain 35 and Netherlands 25 options are settled against the official settlement levels of the cash FTSE 100, cash DJIA, cash DAX 30, cash CAC 40, cash Ibex 35 and cash AEX index markets respectively. Daily options on forex are settled basis the first print recorded by Bloomberg (E&OE) at 20:00 (London time).
j) Weekly forex options expire based upon the first print on Bloomberg (E&OE) of the spot rate concerned at 10.00 New York time (normally 15.00 London time) on the Friday specified (or previous business day in the case of US public holidays).
k) Weekly forex options are available for online dealing. Unlisted expiries up to 12 months are available on request.
l) For all daily and weekly options, bets will be accepted from one hour after the previous day's settlement until one minute before expiry.
m) Bets on US SPX 500 and Wall Street options can be dealt until the close of business on the Thursday before the third Friday. They expire based upon the Special Opening Quotation of the S&P 500 Index on the 3rd Friday of the contract month.