Spread Betting on Centrica Shares (CNA)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Centrica?

FinancialSpreads provides clients with a wide array of stocks such as Centrica, British American Tobacco, Procter & Gamble and Orange, along with a selection of other UK, US and global stocks.

Where Can I Access Live Prices for the Centrica Market?

FinancialSpreads.com provides live pricing on 1,000+ markets such as Centrica and a variety of other equities, indices, commodities and FX markets.

Where Can I Get Live Centrica Charts?

With FinancialSpreads you can use up-to-the-minute charts for Centrica and numerous other CFD and financial spread betting markets.

Along with multiple display styles, the package has a large range of options that includes:
Sample share spread betting chart:

Shares Spread Betting Charts



How to Financial Spread Bet on Centrica

As an example, let's imagine that you go on FinancialSpreads.com and see the current price is:

  Centrica Rolling Cash Sell

287.30
Buy

287.90


This is a guide to how the market works

The Spread Betting Market:Centrica Rolling Cash
Spread Trading Price:287.30p - 287.90p
This Means:You can speculate on the Centrica Rolling Cash market going:

  Spread Betting Higher than 287.90p, or
  Spread Betting Lower than 287.30p

This is a 'Rolling' market meaning that it does not have a closing date. If you decide not to close your trade and the trading session ends then your position will automatically roll over into the next session.

If a trade does roll over then you will normally either be charged or receive interest for overnight financing based on whether you are speculating on the market to increase or decrease. For further details see Rolling Spread Betting.
Units Traded:Spread bets on the Centrica market are made in £x per penny price movement.

E.g. if Centrica moves 30p then you would lose or gain 30 multiples of your stake.
Stake Size per Unit:You work out how much you are going to stake per penny, e.g. £3 per penny, £8 per penny, £15 per penny etc.
Quick Staking Exercise:As an example, if you chose a stake of £3 per penny and Centrica changes by 30p, you would lose or win £3 per penny x 30p = £90.


Worked Trading Example - Taking a Long Position on Centrica

Online spread betting on the share to rise

You Now Consider Whether to Buy or Sell: Centrica to go:

  Spread Betting Higher than 287.90p? or
  Spread Betting Lower than 287.30p?

Let's Assume You Decide to Buy:   Spread Betting Higher than 287.90p
You Select Your Stake, Choosing: £10 per penny
Now What Happens?
  • You make a gain of £10 for every penny Centrica goes higher than 287.90p
  • Your trade loses £10 for each penny Centrica moves lower than 287.90p
When Spread Betting on a Market to Rise Your Profits/Losses = (Settlement Price - Opening Price) x stake
 
Scenario 1
Centrica rises and the market becomes 299.42p - 300.02p. I.e. you'd see:   299.42   300.02
Close and Take a Profit? At this point, you can choose to keep your trade open or close it, i.e. close your spread bet for a profit. In this case you opt to close your position by selling the market at 299.42p.
Your Profits/Losses = (Settlement Price - Opening Price) x stake
(299.42p - 287.90p) x £10 per penny
11.52p x £10 per penny
Your Profits/Losses = £115.20 profit
 
Scenario 2
Centrica slips and the financial spread betting market is revised to 277.82p - 278.42p. Therefore you'd see:   277.82   278.42
Time to Limit Your Loss? You could choose to let your position run or close it, i.e. close your position to limit your losses. For this example, you decide to settle your bet and sell the market at 277.82p.
Your Profits/Losses = (Settlement Price - Opening Price) x stake
(277.82p - 287.90p) x £10 per penny
-10.08p x £10 per penny
Your Profits/Losses = -£100.80 loss


Worked Spread Betting Example - Selling Centrica

Financial spread betting on the share to decrease

You Now Decide Whether to Go Long or Short: Centrica to move:

  Spread Betting Higher than 287.90p? or
  Spread Betting Lower than 287.30p?

Let's Assume You Decide to Sell:   Spread Betting Lower than 287.30p
You Choose Your Stake, Let's Assume You Select: £15 per penny
What Now?
  • Your trade loses £15 for each penny Centrica rises above 287.30p
  • You make a gain of £15 for each penny Centrica falls below 287.30p
When You Go Short With a Spread Bet Your Profits/Losses = (Opening Price - Settlement Price) x stake
 
Scenario 3
Centrica moves lower and the spread betting market adjusts and moves to 278.20p - 278.80p, therefore you would see:   278.20   278.80
Close and Take Your Profit? At this point, you can opt to keep your spread bet open or close it, i.e. close your position for a profit. For this example, you choose to close your trade by buying the market at 278.80p.
Your Profits/Losses = (Opening Price - Settlement Price) x stake
(287.30p - 278.80p) x £15 per penny
8.50p x £15 per penny
Your Profits/Losses = £127.50 profit
 
Scenario 4
Centrica goes higher and the spread trading market is adjusted and moved to 294.14p - 294.74p, i.e. Financial Spreads would show:   294.14   294.74
Time to Restrict Your Loss?At this point, you can choose to leave your bet open or close it, i.e. close your spread bet to restrict your loss. In this case you choose to close your bet and buy at 294.74p.
Your Profits/Losses = (Opening Price - Settlement Price) x stake
(287.30p - 294.74p) x £15 per penny
-7.44p x £15 per penny
Your Profits/Losses = -£111.60 loss

Where Can I Practice Financial Spread Betting on Centrica?

FinancialSpreads.com provide a free Demo Account that allows investors to practice trading, try out new trading strategies, practice with new trading orders and analyse candlestick charts on spread betting and contracts for difference markets such as Centrica.

The Financial Spreads Demo Account comes with more than a handful of markets; traders can get experience on a large range of commodity markets, foreign exchange rates, index markets and equities.


More on Centrica plc (CNA)



A common ticker code for Centrica is 'CNA' however 'CNA.L' and 'LON:CNA' 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.


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Also see:
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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.