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Can I trade share options with IG?


CharlotteIG

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Can I trade share options with IG?

This question has been popping up around the community. Yes, you can trade a range of share options with us. 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 testing 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 0800 409 6789.


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:

 

Web platform

 

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.

All this means is that, instead of having the right to buy or sell shares at a certain price, 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, you’ll never risk more than your initial payment when buying.

You can trade select share options on our web platform, and phone 0800 409 6789 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 0800 409 6789. 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.

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although its fantastic that  individual company options may now become available online...I can’t believe you’ve chosen one of the most volatile stocks with a high underlying price! very risky for inexperienced traders....I really hope you offer some low priced stocks to trade as well?

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@CharlotteIG please can you confirm when the next months / periods option become tradable (so viewable on the watchlists) - generally not just Tesla. So for eg. Oil, quarterly index / FX etc

Is it after the current / immediately preceding period contact has expired or before?

Thanks 

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On 10/01/2021 at 11:00, Jimothy said:

@CharlotteIG please can you confirm when the next months / periods option become tradable (so viewable on the watchlists) - generally not just Tesla. So for eg. Oil, quarterly index / FX etc

Is it after the current / immediately preceding period contact has expired or before?

Thanks 

Hey @Jimothy

For futures it will usually be a day before expiry, but sometimes up to a few days before depending on the popularity of the market and if liquidity suits. 

You can check the expiry of the current contract on the platform in the get info section :) 

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Guest Chuck

Posted

Hi,

I have LPD options and would like to exercise my options, how do I do it please?

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On 19/03/2021 at 16:26, flurbius said:

where is this Tesla options watchlist?

Its not where the screenshot shows

Hey,

You should find them on your CFD/ Spread betting account under US Equity Options

image.png

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Hoping IG adds options for many more shares. Its been over 4 months and Tesla is still the only share for which there are some limited options. Options would increase customers and improve customer reviews. Dont understand why IG chooses only to use Tesla. So much potential on the platform. 

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Guest OnPointTrader

Posted

Have been moving around platform to platform trying to find the best online platform. And IG rated imo as one of the best, but unfortunately I will not move to here due to limited options. So many others have every single option on their planform of shares in the US.

 

Pity they wont add more than just tesla.. Very sad to see this is not a priority any serious trader wont think of the platform twice till they sort this out, Hope you do it, will have me switch within a day.(Oh and phone trading doesnt count) 

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On 14/06/2021 at 15:31, Guest OnPointTrader said:

Have been moving around platform to platform trying to find the best online platform. And IG rated imo as one of the best, but unfortunately I will not move to here due to limited options. So many others have every single option on their planform of shares in the US.

 

Pity they wont add more than just tesla.. Very sad to see this is not a priority any serious trader wont think of the platform twice till they sort this out, Hope you do it, will have me switch within a day.(Oh and phone trading doesnt count) 

Thank you for these kind words! I will pass this feedback onto our developers to show the impact adding equities options to the platform will have for traders

All the best 

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Guest Gavy

Posted

I completely agree was gonna join this platform but as I primarily trade options only having tesla available is not attractive to me Ill look elsewhere 

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On 23/06/2021 at 03:43, CharlotteIG said:

Thank you for these kind words! I will pass this feedback onto our developers to show the impact adding equities options to the platform will have for traders

All the best 

Hi Gavy,

You can trade our full range of share options over the phone, on 0800 409 6789. 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.

I hope that it helps.

All the best - Arvin

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