Step by Step text guide
Phase 1: Finding the Market
Open the Options Menu: From the left-hand sidebar of your IG dashboard, click on Options.
Filter by Asset Class: Ensure the Indices button is selected at the top of the main window.
Locate US 500: Scroll down the list of markets to find US 500. Click the small arrow to the right of the name to expand the available expiries.
Phase 2: Selecting the Expiry & Strike
Choose Your Date: From the dropdown list, select the specific expiry for the trade (e.g., 30 Jan 26). This will open the Option Chain.
Identify the Puts Side: The screen is split into Calls (left) and Puts (right). Look only at the Puts side for this strategy.
Find the Strike Price: Scroll down the center column until you find your target strike (e.g., 6500).
Phase 3: Configuring the Deal
Open the Ticket: Click the Sell button (highlighted in red) next to your chosen strike. This opens the Deal Ticket on the right side of your screen.
Verify "Sell" Direction: Double-check that the Sell tab is active (red). Selling a Put is how we collect the premium income.
Set Your Size: Enter the amount you wish to trade in the Size box (e.g., 20 per point).
Phase 4: Execution & Monitoring
Check Margin: Review the Margin requirement at the bottom of the ticket to ensure your account has sufficient funds to cover the trade.
Place the Deal: Click the green Place deal button to send your order to the market.
Monitor Live: Once filled, your trade will appear in the Positions tab at the bottom of the platform. You can track your Opening price, Latest price, and live Profit/Loss from here.
⚠️ Key Reminders
Check the Label, Expiry, Strike: Always ensure the ticket says US 500 PUT before clicking buy or sell.
Safety: We specifically choose strikes that sit below the current market price to provide a "buffer" for the trade.
Margin: Pick your position size to the margin level that you are comfortable with (everyone is different). We suggest that you never let margin get over 60% of account value.
Video ( 8 minutes long)
🧪 Practice Before You Trade (Risk-Free)
We strongly recommend that all our students start by practicing these strategies in a simulated environment. This allows you to master the IG deal ticket, understand price fluctuations, and test your "Option Income Engine" without risking a single penny.
Switch to a live account only once you are comfortable with the platform and your strategy execution.
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