Covered Warrants
Introduce Covered Warrants trading to your investment strategy and expand your portfolio in new directions
A Covered Warrant gives you the right to buy or sell an asset at a fixed price on or before a specified date. They are created by an investment bank or similar financial institution, not by the company themselves.

With Covered Warrants you can speculate on the price movements of a variety of underlying assets, including shares, indices and commodities, providing you with the opportunity to trade profitably no matter what the market conditions.
 Main Features
  • No Stamp Duty to pay
  • Opportunities for you to profit from rising or falling markets
  • Use strategically for hedging, speculating or cash extraction
  • Gain additional exposure through high level of gearing
  • Direct access to all London Stock Exchange listed Issuers
  • Risk limited to your initial investment
  • Access to dedicated Covered Warrants research and selection tools
  
 Learning tools
 

Educational guides from the London Stock Exchange:

   
 

Other useful information:

   
   
 
 Trade in leading Covered Warrants from...
Goldman Sachs Societe General
 
  How to trade Covered Warrants
 

Trade Covered Warrants through your Saga Share Direct account.

  • Invest across different accounts - you can trade Covered Warrants through a Trading Account. (Due to Inland Revenue regulations you are not permitted to buy or hold Covered Warrants within an ISA)
  • Trade online or by telephone
  • Standard Commission from just £9.75 online for frequent dealers
 
 Risk Warning

Covered Warrants may not be a suitable investment for all investors. Although they present an opportunity to make significant profits, the geared nature of Covered Warrants means that a relatively small movement in price of the underlying security will result in a much larger movement in the value of the warrant.

Before trading you should fully understand the nature of Covered Warrants and the extent of their exposure to risk, indicating your understanding. If this is the first time you have traded in Warrants or Covered Warrants you will be asked to complete an appropriateness assessment.

If you have any questions about Covered Warrants call us on 0845 900 3002* or send us an

*0845 calls to Saga Share Direct are charged at local rates. You can only use this number if you are calling from the UK. Dial +44 141 352 3813 if you are calling from abroad. For your protection and ours, to check instructions and maintain high quality service standards, we may record and monitor calls made to or from Saga Share Direct.