Roll Back

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Roll Back

To sell an option position and buy another with the same underlying asset and strike price, but with an earlier expiration date. One may also call this rolling backward.
References in periodicals archive ?
The "roller" rolls backward because of the following sequence: As the container moves forward, the rubber band untwists, Some of the stored energy gets converted into energy of motion.
The first girl rolls backward, and the sleek ribbon of bodies glides under itself and along the 40-foot length of the pool before the swimmers resurface one by one.