Daily Tesla options introduced by Instagram as UK interest in options trading soars
IG Launches Daily Tesla Options, Pioneering Short-Term Trading
In a groundbreaking move, IG, a leading online trading platform, has introduced Daily Tesla Options, providing short-term traders with a powerful new tool to capitalise on Tesla's intraday price swings.
These options, available exclusively on the IG platform, offer same-day expiry contracts for one of the world's most actively traded stocks. The Head of Options at IG, Elliot Harris, stated that the daily expiring Tesla options provide unmatched flexibility and speed for traders.
Tesla's intraday price swings have been dramatic in recent times, making these options particularly attractive to traders seeking quick, short-term positions that settle at the US market close. These 0DTE (Zero-Day Time to Expiration) contracts, which are not available on any global exchange, including the US, enable faster reaction to price changes and more precise risk management throughout the day.
Elliot Harris confirmed that IG plans to roll out daily options on other major US equities in the near future, building on their pioneering launch in the individual stock options market. However, at this point, they have not specifically announced which other equities will be included.
The launch of Daily Tesla Options positions IG at the forefront of global trading innovation. In the last year, IG has seen a 27% rise in options trading among UK clients, alongside a 9% increase in the number of active options traders.
It is worth noting that in the US, 0DTE index options now account for over 50% of total daily options volume. This expansion of daily options is part of IG's broader strategy to innovate and provide more sophisticated trading instruments to their customers.
Traders can access these Tesla options via spread betting and CFDs on IG's platform and mobile app. However, these options are currently unavailable on any US exchange, where daily options on individual stocks don't yet exist.
With the success of Daily Tesla Options, IG is set to revolutionise short-term trading, offering unparalleled opportunities for traders seeking to capitalise on the dynamic market movements of major US equities.
- The Daily Tesla Options launched by IG, a prominent online trading platform, are available exclusively on their platform and can be accessed via spread betting and CFDs on their platform and mobile app.
- In the future, IG plans to roll out daily options on other major US equities, building on their pioneering launch in the individual stock options market, as announced by Elliot Harris, the Head of Options at IG.
