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Selling Options With IG / Spreadbetting


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Hello IG community — 

I sell options using IBKR for a living. 

Someone said you can sell options using IG spread betting account and therefore making it tax free. 

I don't understand how it works. 

Here is the TSLA options chain for an at the money put option. If I sell the 190 put option, how much premium am I getting paid for writing (selling) this put option? 

Usually selling this option would pay the ask price price in premium. 

So it might be $6.6/share so $660 in premium income. 

I don't understand the per point or margin figures. 

Can someone help me understand how this works. 


Rgs, 

 

Kev  

Screenshot 2024-02-25 at 12.47.09.png

Edited by kevnea
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19 hours ago, kevnea said:

Hello IG community — 

I sell options using IBKR for a living. 

Someone said you can sell options using IG spread betting account and therefore making it tax free. 

I don't understand how it works. 

Here is the TSLA options chain for an at the money put option. If I sell the 190 put option, how much premium am I getting paid for writing (selling) this put option? 

Usually selling this option would pay the ask price price in premium. 

So it might be $6.6/share so $660 in premium income. 

I don't understand the per point or margin figures. 

Can someone help me understand how this works. 


Rgs, 

 

Kev  

Screenshot 2024-02-25 at 12.47.09.png

Dear @kevnea,

Thank you for your post.

Please note that the 660 is the premium, please also consider the commission that will be paid and the number of lots you are buying as well.

Thanks, 

KoketsoIG

- KoketsoIG

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