Not as much trading as spread betting but seems to fit here, feel free to move though.
As everyone knows BP shares took a pounding after the oil leak but have been steadily picking up again with a nice spike this morning with talks of a takeover & of progress in plugging the leak.
The big day seems to be the 27th July, they'll announce their quarterly profits and hope to announce the leak is plugged or relief well is made. If they can announce good news on this day the shares have got to go up.
I've made some money off straight £10 a point spread betting on them over the past week or so & have a sum to put back in so here's the plan..
Do all the opening account offers like paddypower trading, victor chandler financials etc.. open a big £50 a point on BP on the 26th with a stop loss of whatever the moneyback offer is £300, £200 or whatever.
If they announce the leak is plugged there'll be a 50 point rise at least (my opinion and I'm no expert). They accounce profits are bad, no takeover and they're no where near fixing then your stop loss kicks in and nothing lost.
That's the plan, seems good to me but I'd be interested in hearing other opinions before I go balls deep.