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.
And as I strive to body forth the tale Of all I suffer, all that thou hast done, Forth shall the dread voice roll, and bear along Shreds from my vitals torn for greater pain.
If he could but once set eyes on him, he thought the mystery would lighten and perhaps roll altogether away, as was the habit of mysterious things when well examined.
Faria then drew forth from his hiding-place three or four rolls of linen, laid one over the other, like folds of papyrus.
Each party in turn bursts out in full chorus, beating, and yelling, and working themselves up into such a heat that the perspiration rolls down their naked shoulders, even in the cold of a winter night.
An ambulance orderly appeared with a huge basket full of lint rolls, provided by the forethought of the Queen for such as might need them later on.
Tinor began to inspect her rolls of tappa, or employed her busy fingers in plaiting grass-mats.
How greedily I gazed upon the gaming-table, with its scattered louis d'or, ten-gulden pieces, and thalers; upon the streams of gold as they issued from the croupier's hands, and piled themselves up into heaps of gold scintillating as fire; upon the ell--long rolls of silver lying around the croupier.
I have still a few rolls of gold and some family diamonds left.
It was laughable, while we glanced along, as it were, at the tail of a thunderbolt, to observe two dusty foot travellers in the old pilgrim guise, with cockle shell and staff, their mystic rolls of parchment in their hands and their intolerable burdens on their backs.
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
The beauty of this game is, that you can double your stakes or put down your money, gentlemen, any time while the ball rolls--black again--black wins--I never saw such a thing--I never did, in all my life, upon my word I never did; if any gentleman had been backing the black in the last five minutes he must have won five-and-forty pound in four rolls of the ball, he must indeed.