Bungee bets

Blah99

Well this is interesting, from my IG Index account news thing:

http://www.igindex.co.uk/spread-betting/bungee-bets.html

Bungee bets let you capture favourable price movements in volatile daily markets but with a strictly limited downside. You know that your bet cannot settle at any worse than our Floor or Ceiling level, whatever happens to the underlying market. And because your position remains open even if the underlying market is currently through your safety level, you can still make a profit if the market comes back later in the day.

I'm just looking through the options, but it seems an example FTSE100 bungee short is 3802/3809 on a ceiling of 3890.

Very interesting....