If you place a spreadbet, and the price of the share drops, have you got a limited time before its rises again or can you wait indefinately before it rises above your buy price?

 

Are you shorting or going long?

You can set an expiry on any bet you place. This expiry can be as short as a day, or as long as, well, whatever.......

 

Nothing like the word "spreadbetting" to get imlach posting again...

 

Depends which contract you placed the bet on ?

The co's usually quote on the near or far expiry ( some the one after too ) and you pick a contract to place the bet on when you open the position.

You can roll over a bet 10-14 days before the expiry of your contract though ( usually at a reduced spread ) ..


Clear ?

 

ok....situation

Ft100 is at 4905 and spreadbetting figures are 4093-4907
Buy at £5 per share at 4097.
The ft then goes down to 4900, and doesn't climb back up to your asking bid for 3 weeks
After 3 weeks it climbs to 5007
its ok to wait this long and incur NO penalties??

 

But which market did you buy ? Daily / Weekly / Monthly / Year end ?


As long as it doesn't expire before the 3 weeks is up then there are no penalties.

 

You've got your numbers slightly confused, so for the beginners, he really meant (4905, 4893-4907, 4907, 4900, 5007)

Yes, as someone else said, it depends on whether you bought a daily contract, a monthly contract, etc....also, where is your stop? Obviously if it hits your stop first, then you'll lose it all first before it comes back up to 5007.

Was it Apr 05, May 05, or Jun 05 contract? Can't remember what the expiry date is for Apr05, but you can use a rollover if need be - should only cost you a few points.

Are you using IG or someone else?

 

As for your bet, tmmrw will decide whether we see a nice drop or a nice rise in the FTSE100 for the coming 3-4 business days....

US Employment data out at 8.30am NY time, so 2.30pm UK time (US & UK out of sync with summer time this week).

If good news, should see DOW popping up, and FTSE following.....if bad news, get ready to ponder if you should stop your losses!!

 

Imlach......If there is a drop in the Ft, can't I wait until it rises again??

 

Yes, so long as it doesn't fall beyond your stop and the bet hasn't expired....

You're 18pts in profit this morning already, so you're £90 up!

 

tbh if you are having trouble reading the replies, maybe you should look to an alternative money making venture.

 

ok.....so do you decide when the bet is to expire??

(not doing it for real, but on a fantasy website called www.bullbearings.co.uk

 

Phew! Glad you're not doing it for real!!!!

Expiration date of a bet is based on what contract/market you have bought/sold. ie, May 05 FTSE would expire in 3rd week of May (or is it April - get confused).