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Roll

Close old position, open new

What is Roll?

Roll Closing an existing position and opening a new one, usually at a different strike or expiration. Rolling out extends duration; rolling up/down changes strike.

Complete Definition

Closing an existing position and opening a new one, usually at a different strike or expiration. Rolling out extends duration; rolling up/down changes strike.

Example

Your short $150 call is threatened. Roll up to $155 and out to next month for a credit.

Related Terms

Adjustment Management

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