I am interested in options. I have started a demo account with IG to trade options . I note these are not an option house and seem to have little information on the options other than what they are. The P/L figures make no sense to me. Please somebody explain below: TRADE 26.5.16 - SP 500 weekly 2060 Call buy 1. Closed 27/05/16 (bought on Thursday and expired Friday). £416 Profit US 500 Closed 2100.89, therefore this makes sense to me. TRADE 01/06/16 US 500 2110 Put buy 1. Closed 1.6.16 -£426.65 loss US 500 Closed 2099.39. Why is this a loss? TRADE Quarterly GBP/JPY 16200 CALL Buy 0.5 -86150 running loss Price currently at 157.30 Quarterly GBP/JPY 16200 PUT Buy 0.5 +144200 running profit I opened a straddle and this has not been closed. the underlying price has moved since opening quite alot and i understand why this is the running p/l. Any light shed on the above figures would be appreciated. Many Thanks
You'l wanna stay well away from IG, they are a bucket-shop. Last time I checked the spreads were really really bad. Kinda like started a 100mt race 10mt behind every1. Eitherway, go sign up with Tdameritrade, Interactive brokers if you want to trade index options.
The whole company is a bucket shop. God only knows whats going on with your $ over there at IG. Just stay away from them. Trading the future is a lot better. You will get a much better entry / exit price.