Spread Betting on Old Mutual Shares (OML)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Old Mutual?

FinancialSpreads offers an array of stocks like Old Mutual, Glencore, Exxon Mobil and Orange, together with a broad selection of other global equities.

Where Can I Access Live Prices for the Old Mutual Market?

Financial Spreads provides real time prices on 1,000+ markets like Old Mutual and a wide variety of other stocks, commodities, stock market indices and FX prices.

Where Can I Get Live Old Mutual Charts?

When trading with FinancialSpreads investors can use real time trading charts for Old Mutual and more than 1,000 other markets.

As well as several display styles, the charting package has a wide range of benefits that include:
Sample share spread betting chart:

Shares Spread Betting Charts



Financial Spread Betting on Old Mutual

As an example, let's say that you sign into FinancialSpreads and the trading platform is showing a quote of:

  Old Mutual Rolling Cash Sell

215.85
Buy

216.25


This is a brief guide to how it works...

Spread Trading Market:Old Mutual Rolling Cash
The Price:215.85p - 216.25p
This Means That:Now you can bet on the Old Mutual Rolling Cash market to push:

  Spread Betting Higher than 216.25p, or
  Spread Betting Lower than 215.85p

This is a 'Rolling' spread bet meaning that it does not have a settlement date. If you haven't closed your trade and the session ends then your trade will automatically roll over into the next session.

Note: if the trade is rolled over then you will normally either receive or be charged interest for overnight financing depending upon whether you are speculating on the market to decrease or increase. For more details see Rolling Spread Bets.
Traded Units:Bets on the Old Mutual market are made in £x per penny price movement.

E.g. if Old Mutual moves 35p then you would gain or lose 35 multiples of your stake.
Stake:You choose how much you want to stake per penny, e.g. £3 per penny, £4 per penny, £20 per penny etc.
Brief Staking Example:As an example, if you have a stake of £5 per penny and Old Mutual changes by 23p, you would win or lose £5 per penny x 23p = £115.


Trading Example - Buying Old Mutual

Spread trading on the UK share to go up in value

You Decide Whether to Buy or Sell: Old Mutual moving:

  Spread Betting Higher than 216.25p? or
  Spread Betting Lower than 215.85p?

Let's Say You Buy:   Spread Betting Higher than 216.25p
You Select Your Stake Size, Let's Say You Opt For: £15 per penny
Now What?
  • You win £15 for every penny Old Mutual moves above 216.25p
  • You lose £15 for each penny Old Mutual moves below 216.25p
When Speculating on a Market to Increase Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
 
Scenario 1
Old Mutual goes higher and the market moves to 224.90p - 225.30p, so you'd see this on Financial Spreads:   224.90   225.30
Time to Lock in Your Profit? At this point, you could choose to leave your trade open or close it, i.e. close your trade for a profit. For this example, you opt to settle your bet and sell at 224.90p.
Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
(224.90p - 216.25p) x £15 per penny
8.65p x £15 per penny
Your Trading Profits (or Losses) = £129.75 profit
 
Scenario 2
Old Mutual decreases and the spread trading market is revised and moved to 206.52p - 206.92p. Therefore you'd see this on Financial Spreads:   206.52   206.92
Limit the Loss? At this point, you can choose to keep your bet open or close it in order to limit your loss. For this example, you choose to close your trade by selling at 206.52p.
Your Trading Profits (or Losses) = (Settlement Price - Opening Price) x stake
(206.52p - 216.25p) x £15 per penny
-9.73p x £15 per penny
Your Trading Profits (or Losses) = -£145.95 loss


Spread Trading Example - Selling Old Mutual

Online spread betting on the UK share to decrease

You Now Decide to Buy or Sell: Old Mutual going:

  Spread Betting Higher than 216.25p? or
  Spread Betting Lower than 215.85p?

Let's Assume You Go Short:   Spread Betting Lower than 215.85p
You Choose Your Stake, Let's Say You Choose: £10 per penny
So What Next?
  • You lose £10 for each penny Old Mutual increases above 215.85p
  • You win £10 for each penny Old Mutual goes lower than 215.85p
When Betting on a Market to Go Down Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
 
Scenario 3
Old Mutual goes lower and the spread betting market is adjusted and moved to 201.20p - 201.60p. Therefore you'd see:   201.20   201.60
Lock in Your Profit? At this point, you can decide to leave your spread bet open or close it, i.e. close your spread bet to lock in your profit. In this case you choose to close your position by buying the market at 201.60p.
Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
(215.85p - 201.60p) x £10 per penny
14.25p x £10 per penny
Your Trading Profits (or Losses) = £142.50 profit
 
Scenario 4
Old Mutual climbs and the financial spread betting market is revised to 231.48p - 231.88p. So you would see this on Financial Spreads:   231.48   231.88
Close and Limit the Loss?At this point, you could opt to leave your spread bet open or close it, i.e. close your position and limit your losses. In this case you opt to settle your position by buying at 231.88p.
Your Trading Profits (or Losses) = (Opening Price - Settlement Price) x stake
(215.85p - 231.88p) x £10 per penny
-16.03p x £10 per penny
Your Trading Profits (or Losses) = -£160.30 loss

Where Can I Practice Financial Spread Betting on Old Mutual?

FinancialSpreads offers traders the option of testing new ideas and theories by using a Demo Account, demo markets include Old Mutual.

The Financial Spreads Demo Account comes with a wide variety of markets such as forex rates, commodity markets, shares and stock market indices.

Open a Free Spread Betting and CFD Trading Demo Account


More on Old Mutual plc (OML)



A common ticker code for Old Mutual is 'OML' however 'OML.L' and 'LON:OML' 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:
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.