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 ?
The legendary Willie Wood rolled back the years with an easy win over Theuns Fraser last week and he now faces 16th seed Jonathan Ross in the second round and looks a very tempting 7-4 to progress.
And 20 minutes later Wood rolled the ball into an empty net after Beath keeper Hutchison hit the ball straight to him while attempting a clearance.
A bonfire builder must make sure the burning wood rolls down the river side of the levee and not the other way, toward Gramercy.