Floor - Bungee Bets

[Cambell777]

Is there anyone with experience with the IG Index' Bungee Bets that knows if there is a specific floor level (previous days closing level minus X percent or points) at Bungee Bets made before the market opens?

 

[Lord Flasheart]

They look good, but in practice mostly a gimmick with a wide spread

 

[arabianights]

All a bungee bet is is an option packaged for people who don't understand options. And it's impossible to short (I think) meaning they can way overprice it too

 

[samnakthong]

Certainly would have saved my big money last week, I think? Still don't understand the relevance of floor, ceiling levels. Surely if the bet does'nt die then you would always limit your losses to the max. And I still don't understand hoe profit loss is calculated, perhaps I am reading too much into this. On the face of it it's a good product cos I'm sick of getting stopped out then watching the market recover leaving me with a profit had I not been chucked out.