How to Roll Stock Options Up or Down
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Rolling options generally refers to closing a current options position & simultaneously opening another position in the same name on a higher or lower strike price of your choice.
All in all I wanted to point out the importance of using different tools to mitigate risk. Making money in the market is the end result, but you need to have tools to reduce your exposure while in the market. Using rolls is just one piece of the puzzle. Hopefully this will help some of you today!
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