Bank of America Spread Bets








Where Can I Spread Bet on Bank of America?

Investors can put spread bets on Bank of America by using an account with these spread trading platforms:

Financial Spreads ETX Capital Spreadex IG City Index
Dow Jones (Wall Street) Shares Financial Spreads Dow Jones (Wall Street) Shares ETX Capital Dow Jones (Wall Street) Shares Spreadex Dow Jones (Wall Street) Shares IG Dow Jones (Wall Street) Shares City Index Dow Jones (Wall Street) Shares
S&P 500 Shares Financial Spreads S&P 500 Shares ETX Capital S&P 500 Shares Spreadex S&P 500 Shares IG S&P 500 Shares City Index S&P 500 Shares
NASDAQ 100 Shares Financial Spreads NASDAQ 100 Shares ETX Capital NASDAQ 100 Shares Spreadex NASDAQ 100 Shares IG NASDAQ 100 Shares City Index NASDAQ 100 Shares
You may also be available to spread bet on Dow 30 companies other firms. Also see spread betting comparison notes.


Live Bank of America Chart




Live Bank of America Chart




Where Can I Get Live Spread Betting Prices and Charts for Bank of America?

The chart above gives a helpful view of how the market is performing.

But, for those that are trading Bank of America, the providers mentioned above have platforms with live prices and charts with more advanced options.

Example chart:

Bank of America Spread Bets - Example Chart



Bank of America Spread Betting Example

Bank of America Spread Bets
If you are interested in financial spread betting on equities such as Bank of America then, looking at a site like FinancialSpreads, at the moment you would find a quote of $15.06 – $15.09.

Therefore, you could speculate on Bank of America to go above $15.09 or go below $15.06.

When you spread bet, you trade on every unit the market moves up or down; for the Bank of America market a unit is $0.01 of the US stock’s price movement.

For example, let’s say you choose to bet £5 for every cent Bank of America rises or falls.


Speculating on the Market to Rise

If you were to buy Bank of America at $15.09 and the US stocks increased then the quote might change to $15.29 – $15.32. Therefore, you might decide to close your trade at $15.29.

Your Profit/Loss = (closing price of the market – initial price of the market) x stake per cent
Your Profit/Loss = ($15.29 – $15.09) x £5 per cent stake
Your Profit/Loss = $0.20 x £5 per cent
Your Profit/Loss = £100 profit

Nevertheless, if the US stocks decreased to $14.92 – $14.95, you could close your trade to prevent further losses. If so, you would make a sell trade at $14.92.

With the same £5 per cent stake:

Your Profit/Loss = (closing price of the market – initial price of the market) x stake per cent
Your Profit/Loss = ($14.92 – $15.09) x £5 per cent stake
Your Profit/Loss = -$0.17 x £5 per cent
Your Profit/Loss = -£85 loss


Speculating on the Market to Fall

A key advantage of spread betting is that you can short sell the markets.

When we began this example, the price was $15.06 – $15.09.

If you went short of Bank of America at $15.06 and the US stocks decreased then you might see the price move to $14.85 – $14.88. If that were to happen, you could close your trade for a profit by buying at $14.88.

Your Profit/Loss = (initial price of the market – closing price of the market) x stake per cent
Your Profit/Loss = ($15.06 – $14.88) x £5 per cent stake
Your Profit/Loss = $0.18 x £5 per cent
Your Profit/Loss = £90 profit

Nevertheless, if the US stocks increased to, as an example, $15.19 – $15.22, you might decide to close your bet to limit your losses. In that case, you would buy the market at $15.22.

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

Your Profit/Loss = (initial price of the market – closing price of the market) x stake per cent
Your Profit/Loss = ($15.06 – $15.22) x £5 per cent stake
Your Profit/Loss = -$0.16 x £5 per cent
Your Profit/Loss = -£80 loss


Bank of America Rolling Daily market taken as of 29-Sep-17.

Be aware that this is a ‘Rolling Daily’ spread bet. Such markets don’t have a set closing date and instead rolls over to the next trading day automatically. If it does rollover, then you may receive a small credit or incur a small financing cost. For more information, please see rolling daily spread betting markets.



Bank of America Test Accounts

So what if you just want to try things out? Well, the platforms listed below provide test accounts. I.e. accounts you can use to have a go at spread betting on Bank of America without risking your money.



User Questions and Answers on Bank of America

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