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 ?
Fitted up with three tables for the purposes of play, and crowded with players and lookers on, it was, although the largest place of the kind upon the course, intensely hot, notwithstanding that a portion of the canvas roof was rolled back to admit more air, and there were two doors for a free passage in and out.
Both tackles were hooked in a trice, and the three men, deftly timing the roll, made a simultaneous leap aboard the schooner.
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.
Neither before nor since have I felt a ship roll so abruptly, so violently, so heavily.
First they smeared him with butter, and then they rolled him in the dough.
Thus the energy developed by good fighting men is as the momentum of a round stone rolled down a mountain thousands of feet in height.
Not until a third of the way up, as the Arangi rolled in a sea and recovered with a jerk, did he slip and fall.
All this time, the roll of the drum had been approaching through Cornhill, louder and deeper, till with reverberations from house to house, and the regular tramp of martial footsteps, it burst into the street.
As the noise of the troubled ocean when roll the waves on high, as the last peal of thunder in heaven, such is the din of war.
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.
He had paid little attention to the boy until on one occasion he had seen him accidentally display a roll of bank notes.