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 periodicals archive ?
To this day, any librarian trained by Dorothy Broderick in intellectual freedom is a shining example on how to deal correctly with problems and issues in this arena," said Gordon Conable, chair of the Roll of Honor Committee.
Earlier this year, State Street earned Roll of Honor status in Plan Sponsor magazine's first transition management survey in each of the categories of organization, post-trade and technology & operations.
One of Tencati's ideas was to develop the Roll of Honor.