What is Rolling Option and how does it work?

Rolling options is the process of closing an existing options position and simultaneously opening a new one with a different strike price, expiration date, or both.

Rolling options provide clients with the flexibility to remain in a trade under conditions they define.

Rolling options can only be executed in the same direction — meaning you can only roll a call into another call, or a put into another put. You cannot roll a call into a put or vice versa.