Jump to content
  • 0

Simple questions about options.


RobertU

Question

I've read this on options, but my questions are not answered there. So:

If I buy a put/call option on IG, when exactly does it settle? I can see dates for the options, but not times, and

Is it the case that all options are exercised at expiry and only then? i.e. I can't exercise them before the expiry date and time, and exercise takes place automatically at expiry if in the money, such that I don't have to do anything?

Thanks.

Link to comment

4 answers to this question

Recommended Posts

  • 0

in ig you are basically betting on the price of options and not buying or selling as in an option broker account, which is why the trades are cash settled and you can’t exercise the options, but you can of course close the trade anytime you want before expiry

Link to comment
  • 0
8 hours ago, gezmond said:

in ig you are basically betting on the price of options and not buying or selling as in an option broker account, which is why the trades are cash settled and you can’t exercise the options, but you can of course close the trade anytime you want before expiry

OK thanks. But when are the trades settled? There must be a particular time, and I can't find this stated anywhere.

 

Link to comment
  • 0
2 minutes ago, Caseynotes said:

Hi, look on the deal ticket, I think it's marked a ? top rightish corner for a dropdown box with all the info.

OK, thanks, found it. 8pm, in the case of options I'm looking at anyway.

Expiry date

19/02/21

Last dealing date

19/02/21 19:59

Settlement

Settles basis the mid-point of the IG spot price at 20:00 UK time.

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
      22,159
    • Total Posts
      93,072
    • Total Members
      42,560
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    RussM
    Joined 09/06/23 11:48
  • Posts

    • Greetings fellow traders, I am thrilled to share an exciting intraday trading idea for EURAUD that could potentially boost your profits. At Gold Signals by Professor, we have conducted a thorough technical analysis and confidently recommend a Buy position for traders like you. Our analysis indicates a significant development: EURAUD has managed to sustain itself above the crucial level of 1.60927. This breakthrough suggests a positive momentum, with potential targets at 1.61500 and 1.61800. To mitigate risks, we advise setting a stop loss around 1.60375. In order to maximize your trading success, it is vital to stay well-informed about the latest news and events that may impact the FX market. Factors such as global economic conditions, geopolitical tensions, and central bank policies can influence the price movements of EURAUD. Please note that the momentum of the trade can be influenced by unforeseen events or news. Therefore, we will be updating this level regularly in our channel to ensure you have access to the most recent trends and analysis of Gold and its trading potential. Wishing you all a prosperous day filled with successful trades!
    • Update - I am trying to transfer the existing Polymetal shares with IG.com to Wood & Co. Has anyone tried this or are in the process? You will need a bank account with bank in EU or Revolut bank app. The form for requesting transfer is on https://polymetal.wood.com/form/individuals
    • On this same topic, please, and following the example, where would I find the contract value for the May and June contracts? (in the context that at the time of the example the shorting was April) Thank you in advance.
×
×
  • Create New...