How to Roll Options and Save a Losing Trade | Wheel Options Strategies

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What’s up team? Welcome back to another video! Today I want to talk about how you can save a losing options trade and even turn it into a winning options trade. This strategy is known as “Rolling”, and there are a variety of ways you can do this. In this video I will dive into my favorite ways to roll options.

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Alright let's start out with a basic understanding of what rolling an options position means in the eyes of the Wheel Options Strategy.

Rolling an option contract is a form of risk management when trading the wheel where the trader buys back the short contract and sells short another contract at either a different strike, different expiration, or both.

There are three basic varieties of rolling of which any of them can be used by themselves or in combination with another. Those three are Rolling Up, Rolling Down, or Rolling Out.

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https://samkling.medium.com/rolling-options-how-to-save-a-losing-options-trade-wheel-options-strategies-424c0f4999e