Spread Betting on Centrica

Where to Spread Bet on Centrica

Shares
FTSE 100 shares (spread size)	0.10%	0.10%	0.10%	0.10%	0.16%	0.10%	0.10%
FTSE 100 shares (min stake)	£1	£1	£1	£1	£0.50	£0.50	£1
Shares (more available)

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Spread Trading on Centrica

Spread Trading Market	Centrica Rolling Daily
The Spread	288.1p - 288.6p
How the Market Works	You can spread bet on the Centrica Rolling Daily market to go:   Higher than 288.6p, or   Lower than 288.1p This is a Rolling Daily spread bet and so there is no expiry date for this spread bet. If you don't close your position and the trading session ends then your trade will automatically roll over to the next trading session. Note that if a trade is rolled over then you will either receive or be charged a small fee for overnight financing based on whether you are speculating on the market to decrease or increase. For further details also see Rolling Daily Spread Bets.
Points (Units) Traded	Spread bets on the Centrica market are made in £x per penny. Where a penny is 1p of the equity's price movement. E.g. if Centrica moves 35p then you would win / lose 35 times your stake.
Stake per Unit	You work out how much you would like to risk per penny, e.g. £2 per penny, £4 per penny, £20 per penny etc.
Quick Staking Exercise	If, for example, you had a stake of £3 per penny and Centrica moves by 31p, you would lose / win £3 per penny x 31p = £93.

Trading Example | Buying Centrica

You Now Work Out Whether to Buy or Sell	Centrica to move:   Higher than 288.6p? or   Lower than 288.1p?
Let’s Say You Want to Buy	Higher than 288.6p
You Decide Your Stake, Let's Say You Choose	£10 per penny
So What Now?	You gain £10 for each penny Centrica goes above 288.6p You lose £10 for every penny Centrica goes lower than 288.6p
If You Buy a Market Your Profits (or Losses) =	(Closing Price - Opening Price) x stake per penny
Trading Situation 1	Centrica pushes higher and the shares spread betting market is revised and changes to 300.1p - 300.6p.
Lock in Your Profit?	You may choose to let your position run or close it to take a profit. In this instance you decide to settle your trade by selling the market at 300.1p.
Your Profits (or Losses) =	(Closing Price - Opening Price) x stake per penny
	(300.1p - 288.6p) x £10 per penny
	11.5p x £10 per penny
Your Profits (or Losses) =	£115.00 profit
Trading Situation 2	Centrica pushes lower and the spread trading market moves to 278.5p - 279.0p.
Time to Restrict Your Loss?	At this point, you may choose to let your spread bet run or close it, i.e. close your trade to limit your loss. In this case you choose to close your trade and sell the market at 278.5p.
Your Profits (or Losses) =	(Closing Price - Opening Price) x stake per penny
	(278.5p - 288.6p) x £10 per penny
	-10.1p x £10 per penny
Your Profits (or Losses) =	-£101.00 loss

Fully Worked Trading Example | Taking a Short Position on Centrica

You Decide to Buy or Sell	Centrica going:   Higher than 288.6p? or   Lower than 288.1p?
Let's Say You Decide to Go Short	Lower than 288.1p
You Decide How Much to Risk, Let's Assume You Opt For	£5 per penny
What Happens Next?	You lose £5 for every penny Centrica moves above 288.1p You gain £5 for every penny Centrica falls below 288.1p
When Spread Betting on a Market to Go Down Your Profits (or Losses) =	(Opening Price - Closing Price) x stake per penny
Trading Situation 3	Centrica drops and the financial spread betting market is adjusted and moved to 268.0p - 268.5p.
Lock in a Profit?	You could decide to keep your bet open or close it in order to lock in a profit. In this case you choose to close your position and buy the market at 268.5p.
Your Profits (or Losses) =	(Opening Price - Closing Price) x stake per penny
	(288.1p - 268.5p) x £5 per penny
	19.6p x £5 per penny
Your Profits (or Losses) =	£98.00 profit
Trading Situation 4	Centrica moves higher and the market is revised and moved to 304.7p - 305.2p.
Time to Limit the Loss?	You can opt to leave your trade open or close it, i.e. close your spread bet and restrict your loss. In this case you decide to settle your trade by buying at 305.2p.
Your Profits (or Losses) =	(Opening Price - Closing Price) x stake per penny
	(288.1p - 305.2p) x £5 per penny
	-17.1p x £5 per penny
Your Profits (or Losses) =	-£85.50 loss

Centrica Notes:

• Financial spread trading price from InterTrader: 10 January 2012
  
  
• Most spread betting firms also let you spread bet on Centrica in euros/penny and US dollars/penny
  
  
• Online spread betting also allows you to trade on a wide variety of other assets. For additional information refer to:
  
  
  • Stock Market Spread Betting
  • Spread Betting on Currencies
  • Equities Spread Betting

Demo Accounts for Spread Betting on Centrica

• Capital Spreads
• Financial Spreads
• InterTrader
• Tradefair

Spread Betting on Shares