roll


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Roll

1. To buy or sell an option and then later buy or sell the same option with a different strike price because one believes the price trend will continue. For example, suppose one buys a call option giving one the right but not the obligation to buy a stock at $10. One does this if one believes the underlying price will be above $10 when the option expires. However, if it appears near expiration that the option is well above $10 and likely will continue to, say, $20, one may buy another call option with a longer expiration and a strike price of $14 in order to capture higher gains. Rolling options may provide an investor with time to take full advantage of a prolonged price trend. It may be done with both call options and put options.

2. See: Roll over.

roll

See roll over.
References in classic literature ?
At that moment Schurka made a rush between his legs--the baker stumbled, the tray was upset, the rolls fell to the ground, and, while the man angrily pursued Schurka, Waska managed to drag the rolls out of sight behind a bush.
He felt for the bank roll in the pocket in which he had been accustomed to carry it.
As he drew near the advancing soldiers, and as the roll of their drum came full upon his ears, the old man raised himself to a loftier mien, while the decrepitude of age seemed to fall from his shoulders, leaving him in gray but unbroken dignity.
Jerry was so secure in his nook that he did not roll away.
As roll a thousand waves to the rocks, so Swaran's host came on.
This man had to roll the ball, to watch the stakes as they were laid down, to gather them off the colour which lost, to pay those who won, to do it all with the utmost dispatch, to roll the ball again, and to keep this game perpetually alive.
As the Ghost rolled her side out of water, the boat was lifted snugly against her, and before the return roll came, we had heaved it in over the side and turned it bottom up on the deck.
On Billy's back, inside a painted canvas tarpaulin, was slung the roll of bedding.
The stars that had flown to the roll came back on the return swing of the ship, rushing downwards in their glittering multitude, not of fiery points, but enlarged to tiny discs brilliant with a clear wet sheen.
The first half-mile of the road is over bridges made of loose planks laid across two parallel poles, which tilt up as the wheels roll over them; and IN the river.
Sweet words falter to and fro -- Though the great River rolls between.
And the people - ah, the people - They that dwell up in the steeple, All alone, And who, tolling, tolling, tolling, In that muffled monotone, Feel a glory in so rolling On the human heart a stone - They are neither man nor woman - They are neither brute nor human - They are Ghouls: - And their king it is who tolls: - And he rolls, rolls, rolls, rolls, Rolls