Spread Betting Answers:
1. How to Spread Bet on Elan Corporation shares?
Looking at the equities markets, the current price of the Elan Corporation Rolling Daily market is €5.51 - €5.59 with FinancialSpreads.com.
As with most large cap equities listed on the European stock exchanges, an investor can place a spread bet on the Elan Corporation shares to go up or down. With the Elan Corporation Rolling Daily market, you can spread bet on:
a) Elan Corporation shares to go above €5.59, or
b) Elan Corporation shares to go below €5.51.
With the Elan Corporation market you trade in £X per cent, where a cent is 1c of Elan Corporation share movement. As an example, if your stake was £10 per cent and the Elan Corporation shares move 4c then your profits (or losses) would alter by £40.
Elan Corporation Shares Spread Betting Example
Considering an example, let’s assume you see the live price on a spread trading website and it gives the current spread of €5.51 - €5.59. So, following your analysis, you come to think that the Elan Corporation shares will move higher than €5.59. As a result:
- You think the Elan Corporation share price should rise
- You choose to ‘buy’ the market at €5.59 and you risk £5 per cent
- The market increases with the market changing to €5.77 - €5.85
- As a result, you could choose to take your profit and close your position. In order to do this you would sell at €5.77
- Price you bought the spread bet at: €5.59
- Profit/Loss = (Final Level - Initial Level) x stake
- Profit/Loss = (€5.77 - €5.59) x £5 per cent
- Profit/Loss = €0.18 x £5 per cent
- Profit/Loss = 18c x £5 per cent
- Profit/Loss = £90 profit
However, if the trade did not move as planned, and had the Elan Corporation share price decreased, with the market decreasing to €5.42 - €5.50, then you could decide to settle your bet and restrict your loss. You would do this by selling at €5.42.
- Buy price = €5.59
- Profit/Loss = (Final Level - Initial Level) x stake
- Profit/Loss = (€5.42 - €5.59) x £5 per cent
- Profit/Loss = -€0.17 x £5 per cent
- Profit/Loss = -17c x £5 per cent
- Profit/Loss = -£85 loss
Note that with a Rolling Daily Spread Bet if you Roll a bet over to the next day you could incur a charge or income for every day that the trade is still open. For more details please read: Rolling Daily Spread Betting Charges.
(Spread betting market accurate as of 15-Jan-10)
2. Where can I Financial Spread Bet on Elan Corporation 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 Elan Corporation 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 Elan Corporation shares.
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4. Where can I find candlestick charts for Elan Corporation 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 Elan Corporation" last update by R Thomas, 16-Apr-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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