Spread Betting on Chevron

Where to Spread Bet on Chevron

Shares Spread Betting
Shares Spread Betting
Shares (min stake)	£1	£1	£1	£1	£0.50	£0.50	£1

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A Guide to Spread Betting on Chevron

The Market	Chevron Rolling Daily
The Spread	$103.39 - $103.55
How the Spread Works	Now you can trade on the Chevron Rolling Daily market to go:   Above $103.55, or   Below $103.39 This spread betting market is a 'Rolling Daily' market which means that there is no expiry date for this trade. If you haven't closed your position and the session ends then your trade will roll over into the next trading day. Note: if a trade does roll over then you will normally either be credited or charged for overnight financing based upon the direction of your bet. For more information also see Rolling Daily Spread Betting.
Units (Points) Traded	Spread betting trades on the Chevron market are priced in £x per cent. Where a cent is $0.01 of the US share's price movement. E.g. if Chevron changes by 30¢ ($0.30) then you would lose/win 30 multiples of your stake.
Trade Size	You work out how much you want to trade per cent, e.g. £2 per cent, £4 per cent, £8 per cent etc.
Simplified Trading Exercise	If, as an example, you decided on a stake of £5 per cent and Chevron moves by $0.34 (34¢), you would win/lose £5 per cent x 34¢ = £170.

Worked Spread Betting Example | Buying Chevron

You Now Choose to Go Long or Short	Chevron to push:   Above $103.55? or   Below $103.39?
Let’s Assume You Decide to Go Long	Above $103.55
You Select Your Stake Size, Let's Assume You Choose	£2 per cent
So Now What?	You will win £2 for each cent ($0.01) Chevron rises above $103.55 Your trade loses £2 for every cent ($0.01) Chevron falls lower than $103.55
If You Are Buying a Spread Bet Your Profits/Losses =	(Final Value - Initial Value) x stake per cent
Trading Situation 1	Chevron increases and the market is adjusted and moved to $104.20 - $104.36.
Time to Take a Profit?	At this point, you could choose to leave your bet open or close it, i.e. close your trade to lock in your profit. In this case you opt to settle your position by selling at $104.20.
Your Profits/Losses =	(Final Value - Initial Value) x stake per cent
	($104.20 - $103.55) x £2 per cent
	$0.65 x £2 per cent
	65¢ x £2 per cent
Your Profits/Losses =	£130 profit
Trading Situation 2	Chevron moves lower and the financial spread betting market is revised to $102.83 - $102.99.
Restrict the Loss?	At this point, you may opt to leave your bet open or close it, i.e. close your spread bet and limit your losses. In this instance you choose to settle your bet by selling the market at $102.83.
Your Profits/Losses =	(Final Value - Initial Value) x stake per cent
	($102.83 - $103.55) x £2 per cent
	-$0.72 x £2 per cent
	-72¢ x £2 per cent
Your Profits/Losses =	-£144 loss

Fully Worked Trading Example | Taking a Bearish View of Chevron

You Now Decide Whether to Buy or Sell	Chevron going:   Above $103.55? or   Below $103.39?
Let's Assume You Choose to Go Short	Below $103.39
You Choose How Much to Risk, Let's Say You Opt For	£1 per cent
What Happens Now?	Your trade loses £1 for every cent ($0.01) Chevron goes above $103.39 You will win £1 for every cent ($0.01) Chevron decreases below $103.39
If You Go Short With a Spread Bet Your Profits/Losses =	(Initial Value - Final Value) x stake per cent
Trading Situation 3	Chevron slips and the spread trading market moves to $102.20 - $102.36.
Close and Take Your Profit?	You may choose to keep your position open or close it and lock in a profit. For this example, you decide to close your bet by buying at $102.36.
Your Profits/Losses =	(Initial Value - Final Value) x stake per cent
	($103.39 - $102.36) x £1 per cent
	$1.03 x £1 per cent
	103¢ x £1 per cent
Your Profits/Losses =	£103 profit
Trading Situation 4	Chevron climbs and the spread betting market becomes $104.39 - $104.55.
Time to Limit the Loss?	At this point, you could choose to leave your spread bet open or close it, i.e. close your trade and restrict your loss. In this instance you opt to settle your position by buying the market at $104.55.
Your Profits/Losses =	(Initial Value - Final Value) x stake per cent
	($103.39 - $104.55) x £1 per cent
	-$1.16 x £1 per cent
	-116¢ x £1 per cent
Your Profits/Losses =	-£116 loss

Chevron Notes:

• Financial spread betting prices as per Capital Spreads as of 6 December 2011
  
  
• Most spread betting firms will also give you the option of trading on Chevron in euros/cent and US dollars/cent
  
  
• With spread betting you can also trade on a large range of other assets, for additional information also see:
  
  
  • Financial Spread Betting on Stock Market Indices
  • Currencies Spread Betting
  • Equities Financial Spread Betting

Demo Accounts for Spread Betting on Chevron

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