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gezmond

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Posts posted by gezmond

  1. Hi Woodland bear, I understand where you are coming from, you are trying to  do the equivalent of a “ cash secured put “ in option trading. 

    You could actually do what you want pretty much , as long as the index/ share you want to bet on isn’t too high for you to “ cover” with cash in your account 

     

    eg say the ftse 100 is 6026, if you had £6026 , this would cover a £1 per point bet .....alternatively, if you wanted to bet on a share that was 85p you would only need £85 in your account to cover a £1 a point bet.

    However if you don’t use any “leverage “ and your cash covers your bet as described above, you are no better off than just buying the actual share or index tracker

    Imo it is worth using some leverage to hopefully drive your profits higher....but too much and you risk blowing up your account as you know!

  2. have you opened a demo acct, that is the best way to get a feel for the platform.

     

    There are only options for usa based on indices of wall st, us 500 and tech 100 , so not much choice. If you want to trade individual stock,options you can only do by phone unfortunately

  3. If I look at your example on the platform the sep 20 put strike price 3000 costs £169.49 at the minimum £1 a point.  This is the equivalent of 3000 x £1 = £3000 so you are shorting £3000 worth of the index.

    So you will start to make money if the index ends up below  2830.51 (3000-169.49 = 2830.51)

    I haven’t found much info re options on ig, but there is lots of stuff on the web

    Hope this helps..

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