Can anyone explain the total value of an option contract in spread bets? What is the contract size?
Support page says:
FTSE, bet size £10, minimum bet £2. But what is the contract size, 100?
Does it mean that if I buy a call priced £95 with minimum bet of 2, does ultimate value equal 95*2*100?=£19000 ? Does not seem right.
I need to know the maximum possible loss on a purchased option. Info tab does not say contract size. In support, minimum bet on FTSE is £2, in ticket window £0.5. Does not much.
Please provide clear guidance.
Thank you