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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.
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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 periodicals archive ?
To nominate an individual for inclusion on the ACEI Roll of Honor, please submit the following to ACEI Headquarters: a letter of intent, a completed recommendation form that includes a brief outline of the individual's services to children, a photograph for publication in the ACEI Exchange, and the individual's biography.
Broderick is the recipient of the 1998 Freedom to Read Foundation Roll of Honor Award, which recognizes the unwavering support of intellectual freedom and the freedom to read and opposition to censorship.
Ruth Page and Maria Tallchief are merely two of the names inscribed on Chicago's roll of honor commemorating choreographic institutions that have come and gone, or at least floundered.