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 ?
When the yelpings grew too loud Kotuko lazily rolled off the sleeping-bench, and picked up a whip with an eighteen-inch handle of springy whalebone, and twenty-five feet of heavy, plaited thong.
Eleven men rolled off us from various points, and poor old Winterfeld fell through the door of the Prince's cabin into the chart-room and broke his ankle.
And there were many wet places for her to be carried over this afternoon, for there had been heavy showers in the morning, though now the clouds had rolled off and lay in towering silvery masses on the horizon.
Bentley, a subsidiary of Volkswagen AG (Xetra: VW), has rolled off the first production Bentayga off its assembly line.
A MAN was airlifted to a Birmingham hospital after a car rolled off a driveway and ran over his leg.
THE three-millionth Audi A3, the car its maker claims created the premium compact class some 17 years ago, has rolled off the Ingolstadt production line.