Discover the differences between Put options and Call options

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Contents

Welcome to Discover

100% U.S. Based Customer Service

Secure Account Log In

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Unlimited Cashback Match

Only Discover automatically matches all the cashback you’ve earned at the end of your first year.

Discover it ® Miles

Earn unlimited 1.5x Miles on all purchases. And get a Mile-for-Mile match at the end of your first year – with no annual fee.

Debt Consolidation

You could find a lower rate and save on interest today with a balance transfer, personal loan or home equity loan.

No Annual Fee

Discover has no annual fee on any card.

Get a FICO ® Credit Score with no dings to your credit, even if you’re not a cardmember

What cardmembers are saying

Making Your Finances Work Harder For You

We can help you get serious about saving

Tell us a bit about your goals and our savings calculator will show you how to get there faster.

We’ve got your financial needs covered

Products

Credit Cards

All our credit cards are built to give you great rewards and the treatment you deserve, from our flagship cash back credit card to our flexible travel credit card.

Building a Credit History

Check your FICO ® Credit Score for free on mobile and online. If you’re building or rebuilding your history, explore our secured credit card. And our student credit cards can help you start out right.

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Cashback Checking

Other banks charge for checking but we reward you. Check out our online checking account with no monthly fees or balance requirements. Open a checking account today.

Savings Accounts

Open a high-interest, no-monthly fee online savings account. Learn more about online savings or see how a savings account calculator can help you reach your financial goals.

Certificates of Deposit

Learn more about how CDs grow savings safely, or open a CD account today and lock in a great rate with terms ranging from 3 months to 10 years.

Balance Transfers

Making a balance transfer is a great way to save money on higher interest debt. See all the ways we can help you achieve your debt consolidation goals.

Personal Loans

A personal loan from Discover of up to $35k can help you consolidate higher-interest debt or afford a large purchase. $0 origination fees, a fixed monthly payment and no prepayment penalty. Estimate your payments today with our personal loan calculator.

Home Loans

With loan amounts from $35,000 to $200,000, and no cash required at closing, a home equity loan or a mortgage refinance from Discover is a simple way to consolidate debt, make home improvements, cover college costs, and pay for other major expenses. Use our rate and payment calculator to estimate your monthly payment.

Student Loans

Private student loans from Discover can cover up to 100% of school-certified college and graduate school costs. Zero fees, choice of fixed or variable interest rates and cash rewards for good grades. Learn more about how to pay for college.

Apply for the best Discover credit card for you

All with no annual fee.

Credit Cards by Discover

Choose from a variety of credit cards that offer different ways to earn the rewards you want. You can earn cash back rewards on a range of purchases, build a credit history with the help of our secured credit card, or earn unlimited 1.5x miles with our travel credit card. With Discover, there’s a choice for everyone.

  • Discover it ® Cash Back
  • Discover it ® Miles
  • Discover it ® Chrome Gas & Restaurants
  • Discover it ® Secured
  • Discover it ® Student Cash Back
  • Discover it ® Chrome for Students
  • NHL ® Discover it ®
  • Discover it ® Business

Apply for the best Discover credit card for you

All with no annual fee.

Discover Secure Account Log In

Please complete all fields below

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

Earn unlimited 1.5x Miles

For every dollar spent on all purchases — from airfare and hotels to groceries and online shopping.

We’ll automatically match all the Miles you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases.

Then 11.99% to 22.99% Standard Variable Purchase APR will apply.

Earn unlimited 1.5x Miles

For every dollar spent on all purchases — from airfare and hotels to groceries and online shopping.

We’ll automatically match all the Miles you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases.

Then 11.99% to 22.99% Standard Variable Purchase APR applies.

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

Build your credit with responsible use. 4

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

Standard Variable Purchase APR. †

Build your credit with responsible use. 4

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

Standard Variable Purchase APR. †

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

$20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years 3

0 % Intro APR † for 6 months on purchases.

Then 12.99% – 21.99% Standard Variable Purchase APR will apply.

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

$20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years 3

0 % Intro APR † for 6 months on purchases.

Then 12.99% – 21.99% Standard Variable Purchase APR applies.

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

$20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years 3

0 % Intro APR † for 6 months on purchases.

Then 12.99% – 21.99% Standard Variable Purchase APR will apply.

At gas stations and restaurants on up to $1,000 in combined purchases each quarter. 2

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

$20 statement credit each school year your GPA is 3.0 or higher for up to the next 5 years 3

0 % Intro APR † for 6 months on purchases.

Then 12.99% – 21.99% Standard Variable Purchase APR applies.

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

Earn 5% cashback

On everyday purchases at different places each quarter, up to the quarterly maximum when you activate.

Plus, earn unlimited 1% cash back on all other purchases — automatically.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 14 months on purchases and balance transfers. 3% Intro Balance Transfer Fee until .

Then 11.99% to 22.99% Standard Variable Purchase APR and up to 5% fee for future balance transfers will apply.

Unlimited 1.5% Cash Back

Earn 1.5% cash back on every dollar spent on all purchases. Your rewards never expire.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 12 months on purchases.

Then 12.99% to 20.99% Standard Variable Purchase APR will apply.

Unlimited 1.5% Cash Back

Earn 1.5% cash back on every dollar spent on all purchases. Your rewards never expire.

We’ll automatically match all the cash back you’ve earned at the end of your first year. There’s no signing up. And no limit to how much we’ll match. 1

0 % Intro APR † for 12 months on purchases.

Then 12.99% to 20.99% Standard Variable Purchase APR applies.

Discover vs. Competitors

Respond to My Mail Offer

Cash Back Credit Cards: Discover it ® Cash Back, Gas & Restaurant Card, NHL ® Discover it ®

Travel Credit Card: Discover it ® Miles

Student Credit Cards: Discover it Student ® Cash Back, Student Chrome Card

Secured Credit Card: Discover it ® Secured

Business Credit Card: Discover it ® Business Card

Cash Back Credit Cards

Intro purchase APR is 0% for 14 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 0% for 14 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Standard purchase APR: 11.99% variable to 22.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

Travel Credit Card

Intro purchase APR is 0% for 14 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 10.99% for 14 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Standard purchase APR: 11.99% variable to 22.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

Student Credit Cards

Intro purchase APR is 0% for 6 months from date of account opening then the standard purchase APR applies. Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Standard purchase APR: 12.99% – 21.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

Secured Credit Card

22.99% standard variable purchase APR. Intro Balance Transfer APR is 10.99% for 6 months from date of first transfer, for transfers under this offer that post to your account by then the standard purchase APR applies. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 3% Intro fee on balances transferred by and up to 5% fee for future balance transfers will apply. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

Business Credit Card

Intro purchase APR is 0% for 12 months from date of account opening then the standard purchase APR applies. Standard purchase APR: 12.99% variable to 20.99% variable, based on your creditworthiness. Cash APR: 24.99% variable. Variable APRs will vary with the market based on the Prime Rate. Minimum interest charge: If you are charged interest, the charge will be no less than $.50. Cash advance fee: Either $10 or 5% of the amount of each cash advance, whichever is greater. Balance transfer fee: 5% of the amount of each transfer. Annual Fee: None. Rates as of . We will apply payments at our discretion, including in a manner most favorable or convenient for us. Each billing period, we will generally apply amounts you pay that exceed the Minimum Payment Due to balances with higher APRs before balances with lower APRs as of the date we credit your payment.

NHL and the NHL Shield are registered trademarks and NHL.TV is a trademark of the National Hockey League. NHL and NHL team marks are the property of the NHL and its teams. © NHL 2020. All Rights Reserved.

Cashback Match: No purchase minimums. After the first 12 consecutive billing periods that your new account is open, we will match all of the cash back rewards you’ve earned on your credit card and apply them to your account in the following one or two billing periods. If your account is closed or no longer in the cash back reward program at the time we calculate your potential award, your cash back will not be matched. You’ve earned cash back rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.

Discover Match ® : No purchase minimums. After the first 12 consecutive billing periods that your new account is open, we will match all the Miles you’ve earned on your credit card and apply them to your account in the following one or two billing periods. If your account is closed or no longer in the Miles reward program at the time we calculate your potential award, your Miles will not be matched. You’ve earned Miles rewards when they have posted to your account by the end of the 12th consecutive billing period. This promotional offer may not be offered in the future. This exclusive offer is available only to new cardmembers.

2% Cash Back at gas and restaurants: You earn a full 2% Cashback Bonus on your first $1000 in combined gas and restaurant purchases each calendar quarter. Calendar quarters are defined as the three-month periods beginning January 1, April 1, July 1, and October 1. Gas and restaurant category purchases over the quarterly cap, and all other purchases, earn 1% cash back. Gas and restaurant purchases are those made at merchants classified as gas stations and full service restaurants, cafes, cafeterias and fast-food locations. Purchases coded in categories other than these, including purchases made at warehouse clubs, wholesale distributors, and discount stores, will not qualify. Purchases made using third-party payment accounts, tap-and-pay, mobile or wireless card readers, virtual wallets or similar technology may not be eligible. Rewards are added to your Cashback Bonus account within 2 billing periods. See Cashback Bonus Program Terms and Conditions for further detail.

Good Grade: Good Grade Reward only available to new cardmembers on or after 7/23/2020 who indicate on their application that they are currently enrolled in college, and whose accounts are current and remain open when the Good Grade Reward is requested. Effective 5/1/2020, grades can only be submitted during the months of May-August to get a $20 statement credit reward. Students with a Discover it ® or Discover it ® Chrome card who have a GPA of 3.0 or higher (or equivalent) during a School Year (September – August) may apply at Discover.com for a $20 statement credit (“Good Grade Reward”). This will be applied to your account within seven (7) business days. One Good Grade Reward per School Year, per account, up to a maximum of five (5) consecutive years from the date your account is opened. Terms of Good Grade Reward Offer are subject to change.

Builds credit with responsible use: Discover reports your credit history to the three major credit bureaus so it can help build your credit if used responsibly. Late payments, delinquencies or other derogatory activity with your other credit card accounts and loans may impact your ability to build credit.

Discover refunds deposits two ways: 1) automatic monthly reviews starting at eight months to see if your account qualifies to “graduate” after showing responsible use of all your credit over time, or 2) when you close your account and pay in full we will return the security deposit to you, which can take up to two billing cycles plus ten days. See other issuers’ websites for their details.

Options trading

Trade on price movement, volatility and more with our comprehensive, flexible online options. Take positions on a range of asset classes, and get the expertise and support of the world’s No.1 spread betting and CFD provider 1 when you trade options with IG.

Call 0800 195 3100 or email [email protected] to talk about opening a trading account. We’re here 24 hours a day, from 4am Saturday to 10pm Friday.

Contact us: 0800 195 3100

Why buy and sell options with IG?

Pick options that suit you

Choose from daily or weekly, monthly and quarterly options and trade on a wide range of UK and global markets including major indices, shares and FX.

Pay zero spread on expiry

Benefit from no closing spread when you leave options to expire at their fixed expiry date, whether you are buying options or selling them.

Find new opportunities

Develop options trading strategies using a variety of options, or by pairing options trades with those on other financial products.

Trade on volatility itself

Take advantage of a broad range of market conditions – trade on rising, falling and even flat markets in the UK and all over the world.

Ways to trade options with IG

Trade options using spread bets or CFDs on our fast, reliable trading platform.

Spread betting CFDs
Main benefits Profits are tax-free in the UK 2 Tax-deductible losses are useful for hedging 2
Accessible to All clients All clients
Traded in £ (or other base currency) per point Contracts
Tax status No capital gains tax (CGT) or stamp duty 2 No stamp duty. Losses can be offset as a tax deduction 2
Commission Commission-free (only pay the spread) Commission-free (except on shares)
Platforms Web and mobile platforms Web and mobile platforms
Learn more Learn more

What are options?

Options are contracts that give you the right – but not the obligation – to buy or sell an underlying asset before a certain expiry date. You can use them to speculate on the price of a financial market, and in some cases its volatility too.

How do I trade options with IG?

  1. Discover how options work
  2. Learn the differences between buying options and selling them
  3. Choose a trading strategy
  4. Create an account
  5. Open your first position

Benefits of trading options in the UK

Choose from daily, or weekly, monthly and quarterly options, to suit the timeframe you’d like to trade in.

Daily options

Pick daily options for a low-cost, highly-leveraged way to trade intraday:

Lower spreads

Trade daily options with reduced spreads – the same as on regular spot markets.

Flexible leverage

Speculate on short-term market movement with the leverage you want, by choosing your strike and trade size.

Limited risk

Cap your maximum risk when you buy daily options – you’ll never lose more than the margin you pay to open.

Greater freedom

Hold daily options positions even if the market moves against you, knowing that your risk is limited to the margin you paid to open your trade.

Weekly, monthly and quarterly options

Longer expiries make weekly, monthly or quarterly options well-suited to traditional trading strategies:

No overnight funding

Pay less when you take long-term positions with options, thanks to zero overnight funding.

Increased opportunity

Find opportunity on a broad range of market conditions – you can even trade on flat markets.

Greater control

Develop options strategies for greater control over your trading.

Guaranteed maximum risk

Trade up to three quarters into the future knowing that your maximum risk is only as much as you paid to open your position, when buying.

Open an account today

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years’ experience, we’re proud to offer a truly market-leading service

Fast execution on a huge range of markets

Enjoy flexible access to more than 17,000 global markets, with reliable execution

Deal seamlessly, wherever you are

Trade on the move with our natively designed, award-winning trading app

Feel secure with a trusted provider

With 45 years’ experience, we’re proud to offer a truly market-leading service

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Options trading platforms

Intuitive web trading platform

Get fast, reliable execution when you trade options on the IG UK web platform.

Award-winning app

Open positions and keep an eye on your trades, wherever you are, with our trading apps. 3

You might be interested in…

Learn about IG

CFD trading

Forex trading

We’ve been providing the UK with market-leading online trading and investment services for 45 years.

Learn about CFD trading and discover opportunity on over 17,000 markets including shares, forex, indices and commodities.

Find out how to speculate on the world’s most-traded financial market, taking advantage of movement in currency prices.

1 Based on revenue excluding FX (published half-yearly financial statements, June 2020
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
3 Awarded ‘best finance app’ at the ADVFN International Financial Awards 2020, 2020, 2020 and 2020.

Markets

IG services

Trading platforms

Learn to trade

Contact us

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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.

The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.

CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.

The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    The Best Binary Options Broker 2020!
    Good for Beginners!
    Free Education + Free Demo Account!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Only For Experienced Traders!

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