Spread Betting Answers:
1. How to Spread Bet on Hardy Oil shares?
Currently, the price of the Hardy Oil Rolling Daily market is 162.8p - 165.2p with spread trading firms like FinancialSpreads.com.
As with most large cap shares listed on the leading exchanges, investors can bet on the Hardy Oil shares to go up or go down in value. With this Hardy Oil Rolling Daily market, an investor can spread bet on:
a) Hardy Oil shares to increase above 165.2p, or
b) Hardy Oil shares to decrease below 162.8p.
With the Hardy Oil market you trade in £X per penny, where a penny is 1p of Hardy Oil share movement. As a quick example, if your stake was £30 per penny and the Hardy Oil share price moves 5p then that would make a difference to your P&L of £150.
Hardy Oil Shares Spread Trading Example
As a brief example, let’s assume you see the live price on a spread trading website that shows the spread of 162.8p - 165.2p. Having done suitable analysis of the markets, you might come to feel that the Hardy Oil shares will increase and go above 165.2p. This would mean:
- You think that the Hardy Oil share price will rise
- Therefore, you decide you are going to go long of the market at 165.2p and risk £15 per penny
- The share price increases with the spread moving to 171.8p - 174.2p
- Therefore, you might decide to guarantee a profit and close your bet. In order to do this you would sell at 171.8p
- You bought the spread bet at 165.2p
- Profit / Loss = (Closing Price - Opening Price) x stake
- Profit / Loss = (171.8p - 165.2p) x £15 per penny stake
- Profit / Loss = 6.6p x £15 per penny stake
- Profit / Loss = £99.00 profit
Nevertheless, if the market failed to move as forecasted, and had the Hardy Oil shares decreased in price, with the spread decreasing to 159.4p - 161.8p, then you could decide to settle your position and prevent any more losses by selling at 159.4p.
- Buy price = 165.2p
- Profit / Loss = (Closing Price - Opening Price) x stake
- Profit / Loss = (159.4p - 165.2p) x £15 per penny stake
- Profit / Loss = -5.8p x £15 per penny stake
- Profit / Loss = -£87.00 loss
Note that with a Rolling Daily Spread Bet if you Roll a bet over to the following day you might incur a charge or income for each day that the trade is held overnight. To learn more see: Rolling Daily Spread Betting Charges.
(Prices quoted: 08-Mar-11)
2. Where can I Financial Spread Bet on Hardy Oil 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 Hardy Oil 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 Hardy Oil shares.
4. Where can I find candlestick charts for Hardy Oil 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:
"Spread Bet on Hardy Oil" last update by R Thomas, 30-Nov-2011
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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