Jump to content
  • 0

Quarter end, what happens now


scot_am

Question

Hi

I have some open positions on equities for Sept quarter which expire today. They are in the red. Does it get auto-rolled over if I don't close it and on what terms as I dont quite understand the wording:

A quarterly share rolled onto next quarter usually expires basis the last traded price plus or minus half the IG spread. IG spread is charged on opening of the new bet. There will be a fair value adjustment t the opening level to reflect an interest premium.

Should I close them myself, and then decide myself if I want to open them again for next quarter or let it auto-roll ?

 

 

Edited by scot_am
spelling
Link to comment

1 answer to this question

Recommended Posts

  • 0
On 15/09/2020 at 08:58, scot_am said:

Hi

I have some open positions on equities for Sept quarter which expire today. They are in the red. Does it get auto-rolled over if I don't close it and on what terms as I dont quite understand the wording:

A quarterly share rolled onto next quarter usually expires basis the last traded price plus or minus half the IG spread. IG spread is charged on opening of the new bet. There will be a fair value adjustment t the opening level to reflect an interest premium.

Should I close them myself, and then decide myself if I want to open them again for next quarter or let it auto-roll ?

 

 

Hey, 

If you want your positions to roll you must make sure your rollover instructions are enabled. This can be done on the MyIG page by selecting settings> Rollovers. 

 

image.png

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,143
    • Total Posts
      88,263
    • Total Members
      69,126
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    NBB
    Joined 06/10/22 20:50
  • Posts

    • US Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  SP500 US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market News: The nonfarm payrolls on Friday, but more importantly would be the CPI on the 13th Oct as the Feds are firmly focused on Inflation. Stock Market Summary Elliott Wave Count: Tracking two different Elliott Wave counts. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The risk reward is not there, so no trading strategy Video Chapters 00:00 SP500 09:06 Apple (AAPL) 12:58 NVIDIA (NVDA) 14:12 Amazon (AMZN) 16:07 Meta Platforms (META) 18;20 Netflix (NFLX)  19:12 Enphase (ENPH) 21:34 Tesla (TSLA) 28:09 Alphabet (GOOGL)  29:09 Microsoft (MSFT) 30:03 Berkshire Hathaway (BRK.B) 31:56 Block Inc. (SQ)  34:01 Banks JPM, GS 37:58 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com      
    • Why is this stock unavailable to open for non-Pro clients? Surely a fund is less risky than an individual stock.
    • Hi @Kgrp74 Thank you for reaching out.  HMRC rules don't allow you to hold foreign currency in an ISA, but you can still buy international shares. The gains on currency conversions are only seen and credited in the account once you sell the shares if the currency rate is favorable to you. We also have to consider the 0.5% spread added to the exchange rate and commission charges which would normally offset your profits.  Thanks, OfentseIG
×
×
  • Create New...