Exxon Spread Bets





Also see Live Exxon chart below.



Where Can I Spread Bet on Exxon?

You can put spread bets on Exxon by using an account with any of these providers:

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 Exxon Chart




Live Exxon Chart




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

The chart shown above provides a useful view of the current market trends.

But, for those investors that are spread trading Exxon, the companies mentioned above offer real-time pricing as well as more sophisticated charts.

Typical chart from Financial Spreads:

Exxon Spread Bets - Example Chart



Exxon Spread Betting Example

Exxon Spread Bets
If you decide to spread bet on US shares such as Exxon then, looking at a website like IG, you might find a quote of $98.81 – $98.92.

Therefore, you could speculate on Exxon to move above $98.92 or move below $98.81.

When placing a spread bet, investors trade on every unit the market rises or falls; for the Exxon market a unit is $0.01 of the US stock’s price movement.

As an example, let’s say you want to trade £2 for every cent Exxon goes up or down.


Buying – Speculating on the Market to Rise

If you bought Exxon at $98.92 and the US stocks increased then the price could move to $99.48 – $99.59. In that case, you might choose to close your trade for a profit at $99.48.

Your Profit/Loss = (closing level of the market – initial level of the market) x stake per cent
Your Profit/Loss = ($99.48 – $98.92) x £2 per cent stake
Your Profit/Loss = $0.56 x £2 per cent
Your Profit/Loss = £112 profit

However, if the US stocks had fallen to, as an example, $98.28 – $98.39, you may want to close your trade to prevent further losses. If that happened, you’d sell the market at $98.28.

Therefore, with the same £2 per cent stake:

Your Profit/Loss = (closing level of the market – initial level of the market) x stake per cent
Your Profit/Loss = ($98.28 – $98.92) x £2 per cent stake
Your Profit/Loss = -$0.64 x £2 per cent
Your Profit/Loss = -£128 loss


Selling – Speculating on the Market to Fall

One advantage of using a spread bet is that investors can short the markets.

When we started this example, the market was $98.81 – $98.92.

If you were to go short of Exxon at $98.81 and the US stocks fell then you might see the quote drop to $98.08 – $98.19. If this were the case, you might decide to close your bet for a profit by buying at $98.19.

Your Profit/Loss = (initial level of the market – closing level of the market) x stake per cent
Your Profit/Loss = ($98.81 – $98.19) x £2 per cent stake
Your Profit/Loss = $0.62 x £2 per cent
Your Profit/Loss = £124 profit

On the other hand, if the US stocks increased to $99.41 – $99.52, you may want to close your position to limit your losses. Assuming this was the case, you would buy back at $99.52.

So, with the same £2 per cent stake:

Your Profit/Loss = (initial level of the market – closing level of the market) x stake per cent
Your Profit/Loss = ($98.81 – $99.52) x £2 per cent stake
Your Profit/Loss = -$0.71 x £2 per cent
Your Profit/Loss = -£142 loss


Exxon Rolling Daily spread betting prices taken as of 04-Aug-14.

One thing to note is that this is a ‘Rolling Daily’ trade. These trades do not have a preset expiry date and instead rolls over to the next session automatically. If it does roll, then you might receive a small credit or incur a small financing charge. For more information, see guide to rolling spread betting markets.



Exxon Practice Accounts

The following platforms also offer demo accounts. You can use these to see how spread trading works on Exxon without risking any capital.



User Questions and Answers on Exxon

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