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 ?
She rolled and rolled with an awful dislodging jerk and that dizzily fast sweep of her masts on every swing.
And swift tropic night smote the Arangi, as she alternately rolled in calms and heeled and plunged ahead in squalls under the lee of the cannibal island of Malaita.
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.
Gentlemen, make your game and back your own opinions--any time while the ball rolls--rooge-a-nore from Paris, gentlemen, it's a French game, gentlemen, I brought it over myself, I did indeed!--Rooge-a-nore from Paris--black wins--black-- stop a minute, sir, and I'll pay you, directly--two there, half a pound there, three there--and one there--gentlemen, the ball's a rolling--any time, sir, while the ball 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.
And when all was done, I gave up like a woman and rolled upon the deck in the agony of exhaustion.
The American sought only the bank roll. If he could possess himself of this without detection, well and good; but were he to meet resistance he was prepared for that too.
He rolled his knotty eyes from side to side, taking a first wondering view of the world in which he had now so important an existence.
I take another step forward, and slip on the shining face of a black steward, who lies rolled in a blanket on the floor.
First they smeared him with butter, and then they rolled him in the dough.
Undulating hills were changed to valleys, undulating valleys (with a solitary storm-bird sometimes skimming through them) were lifted up to hills; masses of water shivered and shook the beach with a booming sound; every shape tumultuously rolled on, as soon as made, to change its shape and place, and beat another shape and place away; the ideal shore on the horizon, with its towers and buildings, rose and fell; the clouds fell fast and thick; I seemed to see a rending and upheaving of all nature.
His face was purple, his eyes were rolled back so that only the whites were seen, and on his bare legs and arms which were still red, the veins stood out like cords.
The billows rolled dreadfully high: higher even than the tops of houses.