BP Spread Bets





Also see Live BP chart below.



Where Can I Spread Bet on BP?

Investors can place trades on BP and thousands of other financial markets by using an account with any of these providers:

Financial Spreads ETX Capital Spreadex IG City Index
FTSE 100 Shares Financial Spreads FTSE 100 Shares ETX Capital FTSE 100 Shares Spreadex FTSE 100 Shares IG FTSE 100 Shares City Index FTSE 100 Shares
FTSE 250 Shares Financial Spreads FTSE 250 Shares ETX Capital FTSE 250 Shares Spreadex FTSE 250 Shares IG FTSE 250 Shares City Index FTSE 250 Shares
You may also be available to spread bet on FTSE 350 stocks with other platforms. Also see spread betting comparison notes.


Live BP Chart




Live BP Chart




Where Can I Get Live Spread Betting Prices and Charts for BP?

For anyone trading BP, the firms listed above have platforms with live price updates and charts that have a range of features.

Typical trading chart from FinancialSpreads.com:
BP Spread Bets - Example Chart



BP Spread Betting Example

BP Spread Bets
If you are thinking about spread betting on stocks such as BP then, on visiting a firm like InterTrader, at the time of writing you’d get a price of 483.36p – 483.89p.

Therefore, you can bet on BP to move above 483.89p or move below 483.36p.

With spread betting, investors speculate on every unit the market moves up or down. With the BP market a unit is 1p of the UK stock’s price movement.

So let’s say you choose to stake £5 for every penny BP goes up or down.


Spread Betting on the Market to Go Up

If you were to buy BP at 483.89p and the UK stocks rose then the spread might change to 505.67p – 506.20p. If this were the case, you could close your position at 505.67p.

Your Profits (or Losses) = (settlement price of the market – initial price of the market) x stake per penny
Your Profits (or Losses) = (505.67p – 483.89p) x £5 per penny stake
Your Profits (or Losses) = 21.78p x £5 per penny
Your Profits (or Losses) = £108.90 profit

Nevertheless, if the UK stocks were to fall down to 464.53p – 465.06p, you might want to close your bet to restrict your losses. In that case, you would sell the market at 464.53p.

You would close your bet with the same £5 per penny stake:

Your Profits (or Losses) = (settlement price of the market – initial price of the market) x stake per penny
Your Profits (or Losses) = (464.53p – 483.89p) x £5 per penny stake
Your Profits (or Losses) = -19.36p x £5 per penny
Your Profits (or Losses) = -£96.80 loss


Spread Betting on the Market to Go Down

One major benefit of spread betting is that investors can sell the markets, i.e. speculate that the markets are going to decrease.

When we started this example, the price was 483.36p – 483.89p.

If you went short of BP at 483.36p and the UK stocks fell then the quote might be re-priced at 457.82p – 458.35p. Therefore, you could close your trade at 458.35p.

Your Profits (or Losses) = (initial price of the market – settlement price of the market) x stake per penny
Your Profits (or Losses) = (483.36p – 458.35p) x £5 per penny stake
Your Profits (or Losses) = 25.01p x £5 per penny
Your Profits (or Losses) = £125.05 profit

On the other hand, if the UK stocks increased to, for example, 505.06p – 505.59p, you might want to close your position to prevent further losses. Assuming this was the case, you’d buy the market at 505.59p.

You would do this with the same £5 per penny stake:

Your Profits (or Losses) = (initial price of the market – settlement price of the market) x stake per penny
Your Profits (or Losses) = (483.36p – 505.59p) x £5 per penny stake
Your Profits (or Losses) = -22.23p x £5 per penny
Your Profits (or Losses) = -£111.15 loss


BP Rolling Daily prices accurate as of 24-May-17.

One thing to note is that this is a ‘Rolling Daily’ market. This kind of market doesn’t have a predetermined expiry date and will just rollover to the next session. When a market rolls over you might receive a small credit or incur a small financing charge. For more information see rolling daily spread betting charges.



BP Demo Accounts

What if you just want to try things out? The companies detailed below provide demo accounts. I.e. accounts where you can place spread bets on BP without putting your capital at risk.



User Questions and Answers on BP

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