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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.


See roll over.
References in classic literature ?
At the old man's word and outstretched arm, the roll of the drum was hushed at once, and the advancing line stood still.
I lost one hundred and thirty-seven pound yesterday, gentlemen, at one roll of the ball, I did indeed
The American's fingers felt swiftly through them--the pockets contained no roll of crisp, new notes.
He felt for the bank roll in the pocket in which he had been accustomed to carry it.
A tremendous place is close before us, the black driver rolls his eyes, screws his mouth up very round, and looks straight between the two leaders, as if he were saying to himself, 'We have done this often before, but NOW I think we shall have a crash.
Horses make another struggle to get up the bank, and again the coach rolls backward.
The clouds scarce dim the water's sheen, The moon-bathed islands wanly show, And sweet words falter to and fro -- Though the great River rolls between.
The copper roll was invented by Derichs Maschinen- und Apparatebau GmbH in Krefeld, Germany.
The heat transfer fluid is said to be crucial to temperature control of the roll mill.
In other Voith news: Sappi has ordered from Voith Paper a LowPack roll wrapping system with upstream and downstream roll conveying system for its Lanaken mill in Belgium.