Spread Betting on Pennon Shares (PNN)

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Financial Spreads: Spread Betting and CFD Trading

Where Can I Spread Bet on Pennon?

A FinancialSpreads account provides an array of equity markets including Pennon, BP, Coca-Cola and BMW, together with many other UK, US and global shares.

Where Can I Access Live Prices for the Pennon Market?

FinancialSpreads.com provides investors with real time prices on numerous CFD and spread betting markets like Pennon and a large range of other shares, foreign exchange, commodities and indices prices.

Where Can I Get Live Pennon Charts?

With Financial Spreads investors have access to a real-time charting package for Pennon and more than 1,000 other markets.

As well as the various display styles, the package comes with a wide variety of benefits including:
Sample equity candlestick chart:

Shares Spread Betting Charts



A Guide to Spread Trading on Pennon

As an example, let's assume you go on the Financial Spreads site and see the current quote is:

  Pennon Rolling Cash Sell

839.9
Buy

842.1


This is an example of how the market works.

MarketPennon Rolling Cash
The Quote839.9p - 842.1p
How the Trade WorksNow you can bet on the Pennon Rolling Cash market to push:

  Spread Betting Above 842.1p, or
  Spread Betting Below 839.9p

This market is a Rolling market and so there is no settlement date for this spread bet. If you decide not to close your trade and the session ends then your trade will automatically roll over to the next session.

If a trade is rolled over then you will either be charged or receive interest for overnight financing based upon whether you are speculating on the market to increase or decrease. For more information also see Rolling Spread Bets.
Traded UnitsSpread betting trades on the Pennon market are made in £x per penny price movement.

E.g. if Pennon moves 35p then you would win / lose 35 multiples of your stake.
Stake (Trade Size)You work out how much you want to trade per penny, e.g. £3 per penny, £5 per penny, £15 per penny etc.
Brief Staking ExampleIf you had a stake of £4 per penny and Pennon moves by 21p, you would lose / win £4 per penny x 21p = £84.


Trading Example - Going Long of Pennon

Spread betting on the equity to rise

You Now Choose to Buy or Sell Pennon to move:

  Spread Betting Above 842.1p? or
  Spread Betting Below 839.9p?

Let's Say You Decide to Buy   Spread Betting Above 842.1p
You Choose How Much to Risk, Let's Say You Choose £5 per penny
So What Next?
  • You make a gain of £5 for each penny Pennon rises above 842.1p
  • Your trade loses £5 for every penny Pennon decreases below 842.1p
When Spread Betting on a Market to Go Up Your Trading Profits (or Losses) = (Settlement Price - Initial Price) x stake
 
Trading Example 1
Pennon goes higher and the spread trading market is adjusted to 869.5p - 871.7p. So you would see this on Financial Spreads:   869.5   871.7
Lock in Your Profit? You could opt to keep your position open or close it, i.e. close your trade for a profit. In this instance you opt to close your bet by selling at 869.5p.
Your Trading Profits (or Losses) = (Settlement Price - Initial Price) x stake
(869.5p - 842.1p) x £5 per penny
27.4p x £5 per penny
Your Trading Profits (or Losses) = £137.00 profit
 
Trading Example 2
Pennon moves lower and the market is revised to 810.5p - 812.7p, i.e. the market moves to:   810.5   812.7
Restrict the Loss? At this point, you could decide to leave your spread bet open or close it, i.e. close your trade and restrict your losses. For this example, you decide to close your trade and sell the market at 810.5p.
Your Trading Profits (or Losses) = (Settlement Price - Initial Price) x stake
(810.5p - 842.1p) x £5 per penny
-31.6p x £5 per penny
Your Trading Profits (or Losses) = -£158.00 loss


Spread Betting Example - Taking a Short Position on Pennon

Financial spread betting on the equity to move lower

You Decide to Buy or Sell Pennon to go:

  Spread Betting Above 842.1p? or
  Spread Betting Below 839.9p?

Let's Say You Want to Sell   Spread Betting Below 839.9p
You Select How Much to Risk, Let's Assume You Choose £4 per penny
So Now What Happens?
  • Your trade loses £4 for every penny Pennon moves above 839.9p
  • You make a gain of £4 for every penny Pennon falls lower than 839.9p
If You Are Betting on a Market to Go Down Your Trading Profits (or Losses) = (Initial Price - Settlement Price) x stake
 
Trading Example 3
Pennon goes lower and the financial spread betting market is adjusted and moved to 800.8p - 803.0p. I.e. you'd see:   800.8   803.0
Close for a Profit? You can opt to keep your bet open or close it in order to lock in your profit. For this example, you choose to close your position by buying the market at 803.0p.
Your Trading Profits (or Losses) = (Initial Price - Settlement Price) x stake
(839.9p - 803.0p) x £4 per penny
36.9p x £4 per penny
Your Trading Profits (or Losses) = £147.60 profit
 
Trading Example 4
Pennon climbs and the spread betting market becomes 880.2p - 882.4p, i.e.   880.2   882.4
Limit the Loss?At this point, you may choose to let your spread bet run or close it, i.e. close your position to limit your loss. For this example, you opt to close your position and buy the market at 882.4p.
Your Trading Profits (or Losses) = (Initial Price - Settlement Price) x stake
(839.9p - 882.4p) x £4 per penny
-42.5p x £4 per penny
Your Trading Profits (or Losses) = -£170.00 loss

Where Can I Practice Financial Spread Betting on Pennon?

FinancialSpreads.com provide a free Demo Account which allows you to analyse candlestick charts, test new trading orders, try out CFD trading and spread betting and try out new strategies on CFD and spread betting markets like Pennon.

The Demo Account has a large range of markets like shares, stock market indices, commodity markets and FX pairs.

Open a CFD Trading and Spread Betting Demo Account

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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.