Antofagasta Spread Betting Guide

Antofagasta Spread Betting Guide

Antofagasta Spread Betting Guide

arrow_forwardLive Antofagasta Chart
arrow_forwardLive Antofagasta Prices
arrow_forwardWhere to Spread Bet on Antofagasta
arrow_forwardHow to Spread Bet on Antofagasta


Live Antofagasta CFD Chart and Prices



Where Can I Spread Bet on Antofagasta?

Most of the spread betting brokers will offer prices and charts on shares including Antofagasta e.g.:

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How to Spread Bet on Antofagasta

Let’s say you are thinking of spread trading on Antofagasta, you look at a spread betting website, such as City Index, and they are offering the market price of:

Antofagasta Rolling Daily: 1296.3p – 1299.7p

Here’s an example of how it works:

Spread Trading Market Antofagasta Rolling Daily
Spread Betting Quote 1296.3p – 1299.7p
What This Means Now you can spread bet on the Antofagasta Rolling Daily market going:

  arrow_upward  Above 1299.7p, or
  arrow_downward  Below 1296.3p

This market is a ‘Rolling Daily’ market which means that there is no expiry date for this trade. If you don’t close your trade and the trading session ends then your trade will automatically roll over to the next trading session.

Note: if a trade does roll over then you will either be charged or receive interest for overnight financing depending upon whether you are speculating on the market to move lower or higher.

For further details also read our guide to daily spread betting.
Traded Units Spread bets on the Antofagasta market are priced in £x per penny.

Where a penny is 1p of the share’s price movement.

E.g. if Antofagasta moves by 45p then you would lose/win 45 times your stake.
Stake You decide how much you would like to stake per penny, e.g. £2 per penny, £3 per penny, £15 per penny etc.
Short Staking Example If, as an example, you went with a stake of £4 per penny and Antofagasta changes by 27p, you would lose / win £4 per penny x 27p = £108.


Worked Spread Betting Example | Taking a Long Position on Antofagasta

Spread betting on the mining conglomerate’s shares to drive higher

You Decide Whether to Go Long or Short Antofagasta to move:

  arrow_upward  Above 1299.7p? or
  arrow_downward  Below 1296.3p?

Let’s Assume You Decide to Buy   arrow_upward  Above 1299.7p
You Select How Much to Risk, Let’s Say You Choose £3 per penny
So Now What Happens?
  • You make a gain of £3 for every penny Antofagasta rises above 1299.7p
  • Your spread bet loses £3 for each penny Antofagasta decreases lower than 1299.7p
When Betting on a Market to Go Up Your Trading Profits/Losses = (Closing Value – Initial Value) x stake per penny
 
Scenario 1 Antofagasta rises and the spread betting market is revised and moved to 1334.1p – 1337.5p.
Take Your Profit? You could decide to keep your bet open or close it, i.e. close your spread bet for a profit. For this example, you opt to settle your trade by selling the market at 1334.1p.
Your Trading Profits/Losses = (Closing Value – Initial Value) x stake per penny
(1334.1p – 1299.7p) x £3 per penny
34.4p x £3 per penny
Your Trading Profits/Losses = £103.20 profit
 
Scenario 2 Antofagasta drops and the market is revised to 1260.7p – 1264.1p.
Time to Restrict the Loss? You can choose to keep your trade open or close it, i.e. close your spread bet to limit your losses. In this instance you choose to close your trade and sell at 1260.7p.
Your Trading Profits/Losses = (Closing Value – Initial Value) x stake per penny
(1260.7p – 1299.7p) x £3 per penny
-39.0p x £3 per penny
Your Trading Profits/Losses = -£117.00 loss


Fully Worked Example | Going Short of Antofagasta

Financial spread betting on the share to fall in value

You Now Consider Whether to Go Long or Short Antofagasta to push:

  arrow_upward  Above 1299.7p? or
  arrow_downward  Below 1296.3p?

Let’s Say You Choose to Go Short   arrow_downward  Below 1296.3p
You Choose Your Stake, Let’s Say You Opt For £5 per penny
So What Now?
  • Your spread bet loses £5 for each penny Antofagasta rises higher than 1296.3p
  • You make a gain of £5 for each penny Antofagasta falls below 1296.3p
If You Are Speculating on a Market to Fall Your Trading Profits/Losses = (Initial Value – Closing Value) x stake per penny
 
Scenario 3 Antofagasta pushes lower and the financial spread betting market is revised and is set at 1268.9p – 1272.3p.
Take a Profit? At this point, you may choose to leave your position open or close it, i.e. close your position to lock in your profit. For this example, you decide to settle your position and buy the market at 1272.3p.
Your Trading Profits/Losses = (Initial Value – Closing Value) x stake per penny
(1296.3p – 1272.3p) x £5 per penny
24.0p x £5 per penny
Your Trading Profits/Losses = £120.00 profit
 
Scenario 4 Antofagasta increases and the spread trading market is revised and set at 1320.1p – 1323.5p.
Time to Limit the Loss?At this point, you could decide to keep your trade open or close it in order to limit your losses. In this example you choose to close your trade and buy at 1323.5p.
Your Trading Profits/Losses = (Initial Value – Closing Value) x stake per penny
(1296.3p – 1323.5p) x £5 per penny
-27.2p x £5 per penny
Your Trading Profits/Losses = -£136.00 loss


Antofagasta Notes:

  • Spread trading market price taken from FinancialSpreads.com on 10 January 2012
  • Most spread betting firms will also give you the option of spread trading on the mining conglomerate in euros/penny and dollars/penny

AuthorAlex Turner

Senior Editor, SpreadBetMagazine

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