Custom options contract details
|Trading Hours (UK time)|
|US Light Crude Oil||08:05-19:25|
Forex: All our GBP/USD, EUR/USD and USD/JPY Custom Options will settle against the midpoint of the IG Markets price for the relevant market at the time of expiry, or the first tick after the stated expiry. OneTouch and NoTouch GBP/USD, EUR/USD and USD/JPY Custom Options will be deemed to have breached the specified Touch level set by you when our midpoint reaches that point.
US Light Crude Oil: All US Light Crude Oil Custom Options will settle against the midpoint of the IG Markets price for the relevant market at or immediately after the time of expiry. OneTouch and NoTouch US Light Crude Oil Custom Options will be deemed to have breached the specified touch level set by you when the IG Markets midpoint reaches that point.
Stock Indices: All FTSE®100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Options will settle against the first new print recorded by Bloomberg (E&OE) on, or after, the time of expiry. OneTouch and NoTouch FTSE® 100, Wall Street, US 500, Germany 30, France 40, Italy 40, Spain 35, Netherlands 25 and Sweden 30 Custom Options will be deemed to have breached the specified Touch level set by you when the underlying market, as recorded by Bloomberg (E&OE), trades at, or through, the stated level.
All Custom Options that expire at an unchanged level, ie they expire at the exact strike level of the option, will result in you losing 50% of your premium.
Closing Custom Options
Fast Options: Due to the nature of Fast Options (ie the strike price moves constantly with the underlying market) we will be unable to value open positions or offer the opportunity to close existing positions. Therefore, Fast Options will always be held to expiry.
Others: For all other Custom Options, we will endeavour to offer closing prices during market hours up until five minutes before the expiry of the option. You should be aware that outside of trading hours you will not be able to close positions and these positions may not be valued at correct levels.
The minimum premium on custom options is £10.
The maximum profit on custom options is £10,000.
Fast Options: Fast Options will always expire on the same day that the option is purchased. The minimum expiry time is two minutes from the time the option is purchased, and the maximum expiry time is the end of the trading day for that particular market.
Others: All other Custom Options have expiries that range from the same day to five days away. For options that expire on a future date you must choose an expiry time on the hour (eg 9am, 10am, etc). For options that expire on the day they are purchased, the range of expiry times will depend on our view regarding factors that may affect the volatility of the underlying market that day. For example, if there are economic figures coming out that day you may only be able to choose expiry times on the hour. If there are no significant economic figures coming out that day, you may be able to choose expiry times ranging from two hours to the end of that trading day. For OneTouch and NoTouch custom options, we will only offer expiries for the same trading day.
Operation of your Custom Options account
Your Custom Options account will sit alongside our CFD trading account. Please note the following terms and conditions:
- You will only be able to access your Custom Options account via your CFD trading account;
- You must fund your Custom Options account via your CFD trading account, and you may only withdraw funds from your Custom Options account via your CFD trading account;
- Your custom options account and your CFD trading account will be treated separately for margin purposes. This means that we will not take into account money that you have on your custom options account when assessing whether you are liable for margin on your CFD trading account, and vice versa.
- Your custom options trading activity and information is available in the 'History' tab of your custom options account. You will not be able to view these details in your CFD trading account history.
CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.