roll

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Related to Rolling-pin: Belan, Oklava

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.
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roll

See roll over.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
Tom Kitten bit and spat, and mewed and wriggled; and the rolling-pin went roly- poly, roly; roly, poly, roly.
He fancied that a porter pushed past him on his way upstairs to the police office, that a dog in the lower storey kept up a shrill barking and that a woman flung a rolling-pin at it and shouted.
When the latter was powerful with her, she usually sent up secret messages importing that she was not in parlour condition as to her attire, and that she solicited a sight of 'her child' in the kitchen; there, she would bless her child's face, and bless her child's heart, and hug her child, in a medley of tears and congratulations, chopping-boards, rolling-pins, and pie-crust, with the tenderness of an old attached servant, which is a very pretty tenderness indeed.