Spread Betting on BSkyB Shares (BSY)

Support: +44 (0) 203 301 0483 | support@financialspreads.com
Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on BSkyB?

Financial Spreads provides investors with a variety of equity markets including Sky, Imperial Tobacco, Pfizer and AXA, together with a selection of other UK, American and international stocks.

Where Can I Access Live Prices for the BSkyB Market?

Financial Spreads offers investors real-time prices on over 1,000 markets such as Sky and a variety of other equities, indices, FX and commodities prices.

Where Can I Get Live BSkyB Charts?

When using a Financial Spreads account you can make use of a real time charting package for Sky and more than a thousand other CFD and financial spread betting markets.

To aid your analysis, the charts come with an array of features that includes:
Example share chart:

Shares Spread Betting Charts



How to Financial Spread Bet on Sky

As an example, let's suppose that you go on FinancialSpreads and the platform is showing a price of:

  Sky Rolling Cash Sell

920.4
Buy

922.1


This is a guide to how it works

Spread Trading Market:Sky Rolling Cash
Spread Betting Quote:920.4p - 922.1p
How This Works:Now you can take a position on the Sky Rolling Cash market to move:

  Spread Betting Above 922.1p, or
  Spread Betting Below 920.4p

This is a Rolling spread betting market which means that there is no expiry date. If you don't close your position and the trading session ends then your trade will automatically roll over to the next trading session.

If a trade rolls over then you will normally either receive or pay interest for overnight financing depending upon the direction of your spread bet. For more details see Rolling Spread Bets.
Trading Units:Spread bets on the Sky market are made in £x per penny price movement.

E.g. if Sky moves 45p then you would lose or gain 45 multiples of your stake.
Trade Size:You work out how much you would like to risk per penny, e.g. £1 per penny, £8 per penny, £15 per penny etc.
Brief Staking Example:As an example, if you chose a stake of £4 per penny and Sky moves by 28p, you would win or lose £4 per penny x 28p = £112.


Worked Example - Going Long of Sky

Spread betting on the UK share to move up in value

You Work Out Whether to Go Long or Short: Sky moving:

  Spread Betting Above 922.1p? or
  Spread Betting Below 920.4p?

Let's Say You Want to Buy:   Spread Betting Above 922.1p
You Choose Your Stake Size, Let's Assume You Choose: £5 per penny
What Happens Now?
  • You will make a profit of £5 for each penny Sky rises above 922.1p
  • You will make a loss of £5 for every penny Sky moves lower than 922.1p
If You Are Spread Betting on a Market to Rise Your Profits/Losses = (Final Price - Opening Price) x stake
 
Situation 1
Sky increases and the spread betting market is revised and moved to 956.7p - 958.4p. So you'd see this on Financial Spreads:   956.7   958.4
Time to Lock in Your Profit? You can opt to keep your trade open or close it, i.e. close your spread bet for a profit. In this instance you decide to settle your trade by selling the market at 956.7p.
Your Profits/Losses = (Final Price - Opening Price) x stake
(956.7p - 922.1p) x £5 per penny
34.6p x £5 per penny
Your Profits/Losses = £173.00 profit
 
Situation 2
Sky moves lower and the financial spread betting market is revised and is set at 889.8p - 891.5p, so you would see this on Financial Spreads:   889.8   891.5
Limit Your Loss? At this point, you could decide to leave your bet open or close it and restrict your losses. In this example you decide to settle your position by selling at 889.8p.
Your Profits/Losses = (Final Price - Opening Price) x stake
(889.8p - 922.1p) x £5 per penny
-32.3p x £5 per penny
Your Profits/Losses = -£161.50 loss


Worked Trading Example - Taking a Short Position on Sky

Financial spread betting on the UK share to go down

You Now Select Whether to Go Long or Short: Sky to go:

  Spread Betting Above 922.1p? or
  Spread Betting Below 920.4p?

Let's Say You Want to Go Short:   Spread Betting Below 920.4p
You Select How Much to Risk, Let's Say You Choose: £10 per penny
So Now What?
  • You will make a loss of £10 for every penny Sky moves above 920.4p
  • You will make a profit of £10 for every penny Sky decreases below 920.4p
If You Are Selling a Market Your Profits/Losses = (Opening Price - Final Price) x stake
 
Situation 3
Sky decreases and the market changes to 904.0p - 905.7p. I.e. the market moves to:   904.0   905.7
Time to Take a Profit? You may choose to leave your bet open or close it, i.e. close your position to lock in a profit. For this example, you decide to settle your position by buying at 905.7p.
Your Profits/Losses = (Opening Price - Final Price) x stake
(920.4p - 905.7p) x £10 per penny
14.7p x £10 per penny
Your Profits/Losses = £147.00 profit
 
Situation 4
Sky moves higher and the spread trading market is revised to 932.4p - 934.1p. I.e. you would see:   932.4   934.1
Close and Restrict Your Loss?You can decide to let your spread bet run or close it, i.e. close your position to limit your losses. In this instance you choose to close your position and buy the market at 934.1p.
Your Profits/Losses = (Opening Price - Final Price) x stake
(920.4p - 934.1p) x £10 per penny
-13.7p x £10 per penny
Your Profits/Losses = -£137.00 loss

Where Can I Practice Financial Spread Betting on BSkyB?

Financial Spreads provides a Demo Account where investors can practice trading, test new ideas, review charts and try out trading orders etc. on markets such as Sky.

The Financial Spreads Demo Account doesn't just cover one market; you can try trading across a wide range of currencies, commodities, shares and indices.


More on British Sky Broadcasting Group plc (BSY)



A common ticker code for BSkyB is 'BSY' however 'BSY.L' and 'LON:BSY' are also used.

For more news and information on the UK firm, also see: Financial Spreads is not responsible for the content of external / third party websites.


Contact Customer Support

+44 (0) 203 301 0483
support@financialspreads.com

Also see:
80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Spread betting & CFDs trading are complex instruments & come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading these products with this provider. You should consider whether you understand how these products work & whether you can afford to take the high risk of losing your money. Click here to see the risk warning notice.