Not 100% sure of question? As I get it IG options work the same as any other option; easiest way to think of options IMO if if you BUY (a Call or Put) then you have capped your risk at the buy premium. If you sell on the other hand & price moves against you then you you have uncapped risk for a put (if price moves up to infinity) and for a call its capped by the share price going to zero (basically uncapped).
Of course the premium/brokerage/spread for different brokers is quite different (I expect) and I only trade through IG for convenience. Happy to hear from anyone else on this matter. FWIW I notice the Buy /Sell spread and minimum entry levels for the different indices (& currency pairs for that matter) vary GREATLY and at this stage I am concentrating mainly on the DAX and Oz200 markets.
Hey if this did not answer Q then ask again and IF I can answer I will be back online in a few hours.
cheers g
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