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 ?
They started on the side of the pool, rolling backward off the edge (like a ball) and into the water about a dozen times.
Students were required to spend time each week riding prototypes around campus, and Marigmen lost count of how many times he found himself rolling backward when trying to go uphill.
In low gear, an automatic hill-holder prevents a wheelchair from rolling backward as the user climbs to the top of an incline.
A valuable feature of the ECS is the rollback delay setting, which allows users to overcome steep inclines by preventing their wheelchairs from rolling backward for five seconds when this function is activated.
Ishii took the early lead for aggressiveness against 2004 Athens Olympic silver medalist Tamerlan Tmenov of Russia, who tried an ill-advised rolling backward throw, before mounting his opponent for a submission to make the semifinals.
In a security video the truck was seen rolling backward out of the driveway
"Just all of a sudden it started rolling backward," Kumler said.
The toddler almost immediately stopped breathing, her eyes rolling backward.
The train begins rolling backward and sends you careening through a dark mountain cave.
My IP had to actuate the emergency brakes to get the plane to stop rolling backward. The combined hydraulic system had bled out completely, bringing up an interesting question: Would we have had aux brakes at Grand Junction had we landed there?
According to a witness, a while after the driver got down from the truck it started rolling backward and traveled some 30 meters down the slope before hitting the children, the police said.
You should start rolling backward. Keep your knees bent and your head up.