Rolling an Option
Also called: roll, rolling out, rolling up
Rolling closes an option position and reopens it at a later expiry, a different strike, or both — usually to avoid assignment or to give a losing trade more time. Rolling for a credit is defensible; rolling for a debit is paying to postpone a loss, and it is how small option losses become large ones. The honest test is whether you'd open the new position fresh today at that price.
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