Sainsburys Spread Betting
Where Can I Spread Bet on Sainsburys?
Investors can currently speculate with no brokers' fees on Sainsburys by trading with any of these companies:
|Broker Ratings - Sponsored by IG
Sainsburys Broker Ratings
A look at the latest Sainsburys broker ratings:
|04-Feb-16||Neutral||Exane BNP Paribas||244.2||250||2.40%|
|10-Nov-15||Neutral||Exane BNP Paribas||270.3||275||1.70%|
For the latest UK broker ratings see Daily Trading Tips.
Where Can I Find Live Spread Betting Prices and Charts for Sainsburys?
The following CFD trading chart and prices will offer readers a guide to the Sainsburys share price.
The Plus 500 chart that we use above is typically based on the underlying Sainsburys futures price (not the spot market).
If you want to look at spread trading charts and the current pricing for Sainsburys, you generally need a spread betting account.
A spreads account will also let you have access to shorter term spot markets. Users should note that opening an account is subject to status and credit checks.
If your application is approved, you can log on and see the live prices/charts. Usually, these are provided for free, however, the catch is that you'll probably get an occasional newsletter and/or call from the spread trading firm.
If you want to trade then remember that CFD trading and financial spread betting involve a high level of risk and it's possible to incur losses that exceed your initial investment.
See below for more on advanced Sainsburys charts.
Sainsbury (J) Analysis & News
Advanced Charts for Sainsburys Shares
Despite the fact that the charting packages vary between providers, to aid your trading analysis, they usually have user friendly features such as:
The charts from Selftrade Markets also include advanced features such as:
- An array of time periods such as 5 minutes, 1 hour, 1 month etc
- Various display options such as candlestick charts and line charts
- Drawing options and tools such as Trendlines, Fibonacci Time Zones, Arcs and Fans
Example share trading chart
- BackTesting tools and Tailored Indicators
- Overlays such as Ichimoku Cloud, Parabolic SAR, Price Channels etc
- A selection of indicator charts such as Range Indicator, Momentum, Projection Bands etc
- Email alerts when your chosen market reaches a pre-determined price
The spread betting brokers listed below provide account holders with live trading charts and prices:
Where Can I Spread Bet on Sainsburys for Free?
Trading the markets always involves risk, but if you would like to try an entirely free Demo Account, which lets you check candlestick charts and try financial spread betting, see below for further details.
In addition, remember that, in the UK, spread betting is tax free*, i.e. it is exempt from stamp duty, capital gains tax and income tax.
If you're looking for a low cost spread betting site, you should note that you are able to financial spread bet on Sainsburys without paying any brokers' fees with firms such as:
If you would like to open an entirely free Test Account / Practice Account so you can try out spread betting, and trading markets like EUR/GBP, the FTSE 100, crude oil and Sainsburys, then have a closer look at:
All of the above spread trading companies currently provide a Practice Account that allows users to gain experience with an array of trading orders, analyse charts and try out new trading ideas.
How to Spread Bet on Sainsburys?
If you are going to speculate on UK listed companies such as Sainsburys then one solution is a spread bet on the Sainsburys share price.
Looking at a site like InterTrader, you can see they have put the Sainsburys Rolling Daily market at 358.6p - 359.2p. This means you could spread bet on the Sainsburys share price:
Increasing above 359.2p, or
Decreasing below 358.6p
When making a spread bet on FTSE 350 shares you trade in £x per penny. As a result, if you staked £3 per penny and the Sainsburys share price moves 35p then that would be a difference to your P&L of £105. £3 per penny x 35p = £105.
Rolling Daily Shares Markets
Note that this is a Rolling Daily Market and therefore unlike a normal spread betting futures market, there is no settlement date. If your trade is open at the end of the day, it just rolls over into the next day.
If you do roll over a position and you are spread betting that the market will:
Go up - then you will be charged a small overnight financing fee, or
Go down - then you'll usually receive a small credit to your account
For a worked example please see Rolling Daily Spread Betting.
Sainsburys Rolling Daily - Equities Spread Betting Example
If you think about the above spread of 358.6p - 359.2p and assume:
Then you could choose to buy at 359.2p and risk, for the sake of argument, £15 per penny.
- You have done your equities analysis, and
- Your research suggests that the Sainsburys share price is likely to push above 359.2p
This means that you win £15 for every penny that the Sainsburys shares increase and go higher than 359.2p. On the other hand, such a bet also means you will make a loss of £15 for every penny that the Sainsburys market moves below 359.2p.
Looked at another way, if you ‘Buy’ a spread bet then your profit/loss is worked out by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that price difference by the stake.
As a result, if after a few days the shares moved higher then you might want to close your spread bet to lock in your profit.
Taking this a step further, if the market did go up then the spread might move to 370.0p - 370.6p. You would settle your position by selling at 370.0p. Accordingly, with the same £15 stake you would make a profit of:
Profit = (Final Price - Opening Price) x stake
Profit = (370.0p - 359.2p) x £15 per penny stake
Profit = 10.8p x £15 per penny stake
Profit = £162.00 profit
Speculating on shares, whether by spread trading or otherwise, can work against you. In the above example, you had bet that the share price would increase. Naturally, it might decrease.
If the Sainsburys stock had fallen then you might decide to close/settle your position to stop any further losses.
Should the spread fall back to 349.5p - 350.1p you would close your position by selling at 349.5p. That would mean you would make a loss of:
Loss = (Final Price - Opening Price) x stake
Loss = (349.5p - 359.2p) x £15 per penny stake
Loss = -9.7p x £15 per penny stake
Loss = -£145.50 loss
Note: Sainsburys Rolling Daily spread betting price quoted as of 19-Oct-12.
Sainsburys Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Sainsburys with
'Sainsburys Spread Betting' edited by Jacob Wood, updated 03-Oct-17
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