Sky Spread Bets





Also see Live Sky chart below.



Where Can I Spread Bet on Sky?

Investors can place trades on Sky, as well as a variety of other markets, with any of the following spread betting 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 Sky Chart




Live Sky Chart




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

For those investors that are spread trading Sky, the firms listed above give users access to live price updates and charts that have a range of advanced options.

Example spread trading chart from FinancialSpreads:
Sky Spread Bets - Example Chart



Sky Spread Betting Example

Sky Spread Bets
Should you want to spread bet on shares like Sky then, looking at a firm like FinancialSpreads, at the time of writing you would find a quote of 857.57p – 858.93p.

This means you can speculate on Sky to move above 858.93p or move below 857.57p.

When placing a spread bet, investors speculate on every unit the market goes up or down. In the case of the Sky market a unit is 1p of the UK stock’s price movement.

So let’s say you choose to trade £3 for every penny Sky goes up or down.


Buying – Spread Betting on the Market to Go Up

If you went long of Sky at 858.93p and the UK stocks went up then the market might be re-priced at 893.29p – 894.65p. If this were the case, you might decide to close your position at 893.29p.

Profit or Loss = (settlement level of the market – opening level of the market) x stake per penny
Profit or Loss = (893.29p – 858.93p) x £3 per penny stake
Profit or Loss = 34.36p x £3 per penny
Profit or Loss = £103.08 profit

Conversely, if the UK stocks had fallen to 828.87p – 830.23p, you could close your trade to restrict your losses. If that happened, you’d sell at 828.87p.

So, with the same £3 per penny stake:

Profit or Loss = (settlement level of the market – opening level of the market) x stake per penny
Profit or Loss = (828.87p – 858.93p) x £3 per penny stake
Profit or Loss = -30.06p x £3 per penny
Profit or Loss = -£90.18 loss


Selling – Spread Betting on the Market to Go Down

One major benefit of placing a spread bet is that investors can go short of the markets, i.e. bet on the markets to fall.

When we started this example, the price was 857.57p – 858.93p.

If you went short of Sky at 857.57p and the UK stocks decreased then the quote could change to 827.05p – 828.41p. In that case, you might choose to close your trade for a profit by buying at 828.41p.

Profit or Loss = (opening level of the market – settlement level of the market) x stake per penny
Profit or Loss = (857.57p – 828.41p) x £3 per penny stake
Profit or Loss = 29.16p x £3 per penny
Profit or Loss = £87.48 profit

Conversely, if the UK stocks were to rise to 881.72p – 883.08p, you might decide to close your bet to prevent further losses. If so, you’d buy at 883.08p.

With the same £3 per penny stake:

Profit or Loss = (opening level of the market – settlement level of the market) x stake per penny
Profit or Loss = (857.57p – 883.08p) x £3 per penny stake
Profit or Loss = -25.51p x £3 per penny
Profit or Loss = -£76.53 loss


Sky Rolling Daily spread betting market taken as of 09-Dec-16.

Be aware that this is a ‘Rolling Daily’ spread bet. This sort of market does not have a predetermined expiry date and rolls over to the next session automatically. When a market rolls over you may receive a small credit or incur a small financing charge. Also see rolling daily spread betting markets.



Sky Practice Accounts

The platforms listed below also have free demo accounts, you can use these to see how spread trading works on Sky without risking your money.



User Questions and Answers on Sky

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