Where to Spread Bet on Phoenix Group?

 
You can spread bet on Phoenix Group with any of the following companies:

• Financial Spreads
• Inter Trader
• Capital Spreads

Although note that you can also spread bet with other Spread Betting Companies.

Spread Betting on Phoenix Group

 
If you want to speculate on UK listed companies like Phoenix Group then one possibility is to spread trade on the Phoenix Group share price.

Looking at a financial spread betting website like FinancialSpreads, as of Friday, they were showing the Phoenix Group Rolling Daily market at 635.2p – 639.3p. Therefore, an investor can spread bet on the Phoenix Group share price:

• Increasing higher than 639.3p, or
• Decreasing lower than 635.2p

Whilst spread trading on FTSE 350 shares you trade in £x per penny. Therefore, if you chose to risk £4 per penny and the Phoenix Group share price changes by 28p then that would be a difference to your profits (or losses) of £112. £4 per penny x 28p = £112.

Rolling Daily Equities Markets

 
You should note that this is a ‘Rolling Daily Market’, therefore it does not have a set settlement date. Therefore, if you decide not to close your trade by the end of the day, it just rolls over to the next trading session.

If a spread bet is rolled over and you are speculating on the market to:

• Go up – then you’ll be charged a small overnight financing fee, or
• Go down – then a small payment will usually be credited to your account

To learn more about Rolling Daily Markets please see Rolling Daily Spread Betting.

Phoenix Group Rolling Daily Shares Spread Betting Example

 
If we continue with the spread of 635.2p – 639.3p and assume:

• You have completed your company analysis, and
• Your analysis suggests the Phoenix Group shares are likely to rise higher than 639.3p

Then you might go long of the market at 639.3p and invest, let’s say, £5 per penny.

This means that you win £5 for every penny that the Phoenix Group shares increase and go above 639.3p. On the other hand, you will make a loss of £5 for every penny that the Phoenix Group market moves below 639.3p.

Looked at another way, if you were to buy a spread bet then your P&L is calculated by taking the difference between the final price of the market and the price you bought the spread at. You then multiply that difference in price by the stake.

With this in mind, if after a few days the share price started to increase then you might want to close your spread bet and therefore guarantee your profits.

So if the market moved up then the spread might move to 661.4p – 665.5p. To settle/close your trade you would sell at 661.4p. Accordingly, with the same £5 stake you would make a profit of:

Profit / loss = (Settlement Price – Initial Price) x stake
Profit / loss = (661.4p – 639.3p) x £5 per penny stake
Profit / loss = 22.1p x £5 per penny stake
Profit / loss = £110.50 profit

Trading shares, by spread betting or otherwise, may not go to plan. With this example, you had bet that the share price would increase. Of course, it could decrease.

If the Phoenix Group shares weakened, against your expectations, then you might decide to settle/close your trade in order to restrict your losses.

Should the spread drop to 620.1p – 624.2p then this means you would sell back your position at 620.1p. Therefore, you would make a loss of:

Profit / loss = (Settlement Price – Initial Price) x stake
Profit / loss = (620.1p – 639.3p) x £5 per penny stake
Profit / loss = -19.2p x £5 per penny stake
Profit / loss = -£96.00 loss

Note: Phoenix Group Rolling Daily equities market correct as of 01-Feb-13.

Live Phoenix Group Spread Betting Prices and Charts

 
The live CFDs chart below gives readers a useful guide to the Phoenix Group share price.

 
The Plus 500 chart that we use above usually tracks the Phoenix Group futures contract.

If you’d like to look at up-to-the-minute spread trading prices and charts for Phoenix Group, you generally require a financial spread betting account.

You can also use a spreads account to trade on shorter term spot prices. Note that opening any such account is subject to suitability, credit and status checks.

If your application is accepted then, when you log in, you will be able to analyse the prices and charts. Usually, these will be free. The catch? You’re likely to get the odd call and/or newsletter from the spread trading company.

Phoenix Group Spread Betting – More Details

 
For more information on trading Phoenix Group, also see Phoenix Group Spread Betting.

Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.