All lessonsLesson 27 · Step 1/5
Rolling & Trade Adjustments
What is rolling?
Rolling = closing your current option and opening a new one — further out in time, different strike, or both — in a single order.
Roll out (same strike, later expiration) to give a trade more time.
Roll up/down (same expiration, new strike) to move with the market. Rolling out AND to a new strike is the most common repair.
Golden rule
Only roll if you can collect a credit. Rolling for a debit means paying to keep a losing idea alive.
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