Spread Betting Answers:
1. How to Spread Bet on Bank of America shares?
Looking at the equities markets, the current price of the Bank of America Rolling Daily market is $15.61 - $15.64 with spread betting firms like Financial Spread.
As with most large cap equities listed on the leading exchanges, an investor can bet on the Bank of America shares either increasing or decreasing in value. With the Bank of America Rolling Daily market, investors can spread bet on:
a) Bank of America shares to rise above $15.64, or
b) Bank of America shares to fall below $15.61.
It should be noted that with the Bank of America market you trade in £X per cent, where a cent is 1¢ of Bank of America share price movement. For example, if you had a stake of £6 per cent and the Bank of America stock moves 4¢ then that would be a difference to your profits (or losses) of £24.
Bank of America Equities Trading Example
As a quick example, let’s assume you see the live price on an online spread betting website and it gives a spread of $15.61 - $15.64. Having done your market research, you might come to think that the Bank of America share price is going to go higher than $15.64. As a result:
- You believe the Bank of America shares should rise
- As a result, you choose to go long of the market at $15.64 and you bet £3 per cent
- The market increases and the spread changes to $15.94 - $15.97
- With this new spread you might choose to guarantee a profit and close your position by selling at $15.94
- You initially bought the spread at $15.64
- Profits (or losses) = (Final Price - Initial Price) x stake
- Profits (or losses) = ($15.94 - $15.64) x £3 per cent
- Profits (or losses) = $0.30 x £3 per cent
- Profits (or losses) = 30¢ x £3 per cent
- Profits (or losses) = £90 profit
Investments don’t always go to plan. If the trade did not move as planned, and had the Bank of America shares decreased in value, with the spread dropping to $15.37 - $15.40, then you might decide to close your bet and cut your losses. You would do this by selling at $15.37.
- Initial buy price = $15.64
- Profits (or losses) = (Final Price - Initial Price) x stake
- Profits (or losses) = ($15.37 - $15.64) x £3 per cent
- Profits (or losses) = -$0.27 x £3 per cent
- Profits (or losses) = -27¢ x £3 per cent
- Profits (or losses) = -£81 loss
If you Roll a bet over to the following day you may incur a charge or income for every day that the trade is still open. Further information can be found here: Rolling Daily Spread Betting Charges.
(Spread betting prices quoted: 15-Dec-09)
2. Where can I Financial Spread Bet on Bank of America shares?
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The above spread betting markets may also be available with other companies. Also see Comparison Table Notes.
3. Where can I find real-time spread betting prices for Bank of America shares?
All of the above companies provide access to real-time prices to their account holders.
Note that you may need to log into your account in order to see live spread betting prices for Bank of America shares.
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Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
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4. Where can I find candlestick charts for Bank of America shares?
A number of the spread betting companies offer a variety of charts, including candlestick charts. Note that you may need to open an account with the respective company in order to see the charts and/or have full access to real-time charts that you can manipulate. Spread betting accounts are subject to status, terms and conditions.
Candlestick charts are currently available with:
Charts may also be available from other spread betting companies.
Example charts from Financial Spreads:
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Financial Spreads
Spread Betting - No Fees, No Commissions, Free Charts and Live Prices.
Spread Bet on Indices, Forex, Commodities, Shares and more. For details see Financial Spreads.
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"Spread Bet on Bank of America" last update by R Thomas, 06-Jan-2012
Warning: Financial spread betting carries a high level of risk. You can lose more than your initial investment or stake. Financial spread betting may not be suitable for all investors. Only trade with money that you can afford to lose. Make sure you fully understand the risk involved. If necessary, seek independent financial advice.
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