GlaxoSmithKline Spread Bets








Where Can I Spread Bet on GlaxoSmithKline?

You can place trades on GlaxoSmithKline, as well as a variety of other markets, with all of these spread betting companies:

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 GlaxoSmithKline Chart




Live GlaxoSmithKline Chart




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

For those investors that are trading GlaxoSmithKline, the firms mentioned above have platforms with live prices as well as charts with a good number of features and indicators.

Example spread trading chart from FinancialSpreads.com:

GlaxoSmithKline Spread Bets - Example Chart



GlaxoSmithKline Spread Betting Example

GlaxoSmithKline Spread Bets
If you are interested in financial spread betting on UK shares such as GlaxoSmithKline then, on visiting a site like FinancialSpreads, you may see a price of 1445.8p – 1447.7p.

Therefore, you could bet on GlaxoSmithKline to move above 1447.7p or move below 1445.8p.

If you are spread trading, you trade on every unit the market increases or decreases; for the GlaxoSmithKline market a unit is 1p of the share’s price movement.

So let’s say you choose to bet £3 for every penny GlaxoSmithKline moves up or down.


Buying – Spread Betting on the Market to Go Up

If you bought GlaxoSmithKline at 1447.7p and the shares increased then the quote could change to 1491.1p – 1493.0p. Therefore, you might choose to close your trade for a profit by selling at 1491.1p.

Your Profits (or Losses) = (closing price of the market – opening price of the market) x stake per penny
Your Profits (or Losses) = (1491.1p – 1447.7p) x £3 per penny stake
Your Profits (or Losses) = 43.4p x £3 per penny
Your Profits (or Losses) = £130.20 profit

The markets can of course fall, if the shares had decreased to 1398.5p – 1400.4p, you might decide to close your trade to restrict your losses. If that happened, you’d sell the market at 1398.5p.

So, with the same £3 per penny stake:

Your Profits (or Losses) = (closing price of the market – opening price of the market) x stake per penny
Your Profits (or Losses) = (1398.5p – 1447.7p) x £3 per penny stake
Your Profits (or Losses) = -49.2p x £3 per penny
Your Profits (or Losses) = -£147.60 loss


Selling – Spread Betting on the Market to Go Down

A useful benefit of spread betting is that investors can short the markets, i.e. bet on the markets to decrease.

Initially, the market was priced at 1445.8p – 1447.7p.

If you went short of GlaxoSmithKline at 1445.8p and the shares went down then the price could move to 1404.9p – 1406.8p. Assuming this was the case, you could close your position for a profit by buying at 1406.8p.

Your Profits (or Losses) = (opening price of the market – closing price of the market) x stake per penny
Your Profits (or Losses) = (1445.8p – 1406.8p) x £3 per penny stake
Your Profits (or Losses) = 39.0p x £3 per penny
Your Profits (or Losses) = £117.00 profit

Nevertheless, if the shares were to rise to 1488.1p – 1490.0p, you could choose to close your position to prevent further losses. In that case, you’d buy at 1490.0p.

Therefore, with the same £3 per penny stake:

Your Profits (or Losses) = (opening price of the market – closing price of the market) x stake per penny
Your Profits (or Losses) = (1445.8p – 1490.0p) x £3 per penny stake
Your Profits (or Losses) = -44.2p x £3 per penny
Your Profits (or Losses) = -£132.60 loss


GlaxoSmithKline Rolling Daily market quoted as of 20-Sep-17.

This is a ‘Rolling Daily’ market. These trades don’t have a set settlement date and will just rollover to the next trading day. If it does rollover, then you may receive a small credit or incur a small financing cost. For more information see guide to rolling spread betting markets.



GlaxoSmithKline Demo Accounts

The firms detailed below also have free demo accounts. I.e. accounts which you can use to place some trades on GlaxoSmithKline without risking any capital.



User Questions and Answers on GlaxoSmithKline

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