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Rolling Options Explained: Up, Down, Out, and the Sneaky One

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Chapters7 segments · tap to seek
ticker lesson

Breakdown

0:00lesson

Understanding rolling terminology

  • Rolling is manipulating positions
  • Mechanics are simple
  • Focus on lingo not mechanics
1:47lesson

Rolling up and down

  • Inside same cycle
  • Move up or down the chain
  • Puts and calls both apply
3:33lesson

Rolling out

  • Adding time to trade
  • Moving to later dated cycle
  • Always adds duration
5:18XLE· ticker

XLE short strangle example

  • Short 55 put and 61 call
  • Rolling put up from 55 to 57
  • Rolling call down from 61 to 59
6:53XLE· ticker

Rolling in on XLE

  • XLE at 53.68
  • Roll call down to 57
  • Roll put up to 85 or 90
8:43SpaceX· ticker

Rolling out on SpaceX

  • Short put spread
  • Roll from August to September
  • About 10-15 cent credit
8:44AMZN· ticker

Rolling out on Amazon

  • Highlight both legs
  • Roll from August to September
  • 19 cent debit

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