Just wondering if anyone has used igmarkets or others for options trades?
I had a quick chat to IG markets about trading - asking them to provide me quotes of Rio Tinto PLC.
For Rio Tinto plc 2740p they gave me 29.5/34.5 with no commission.
The margin for the sold option is no more than the margin for the underlying and can be up to 50% of that margin for far OTM (10% in the case of Rio Tinto - of the share that is).
I'm going to have a nice chat tommorrow with IG's melbourne office.
I'm a bit wary of CFDs for shares, as they just feel like 'knock out' ITM call/put warrants with interest charged every night. (knock out meaning once it goes OTM it expires worthless - especially the case for guaranteed stop loss.)
Anyone with experiences to share?