But another alternative could be rolling your options position. You could close out your position or reduce your exposure to lessen the blow. But then, things don’t go as you thought they would. Everything on your checklist is crossed off, and you’re confident the underlying will move in a particular direction. You put a lot of thought into an options trade. Learn how to use the Strategy Roller® on the thinkorswim® platform to roll your options positions.
Rolling covered calls is a good way to begin learning about rolling options.Rolling an options trade can offer some advantages as a position approaches expiration