What is "Roll"?

Roll is basically a glorified word to describe the situation where you close out the current position and reopen the position (with longer expiry OR different strike price) at later expiration date.


Its the same as closing your position manually, and open another position manually = 2 steps


I think I am going to like the roll feature for 2 reason:


1. 2 or more manual move combined into one step.

2. Delaying an stock  assignment.


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