Rolling a stock option implies closing an existing option position and simultaneously opening a new one with a different strike price, expiration date, or both. This can be used to adjust a position based on market conditions or investment goals.
Saxo offers to roll options and execute multileg orders within a single ticket using the "strategies" module. However, this is not available for all markets and exchanges, why you might have to do it manually.
Learn how to roll a stock option in this short video covering the following:
- How to select the expiry in the option roll trade ticket
- How to select your strike
- Selecting the price at which you want to roll your option
Please note, that you cannot roll options from the positions module, like shown in the video, if the option is not enabled for the strategies module.
Which instruments can I roll?
Rolling a stock option involves executing a multileg order, resulting in two trades (or legs) within a single ticket. This can only be done if the instrument is enabled for multileg orders, a feature Saxo refers to as "strategies" or "strategy module".
Learn more about the listed options strategies ticket here
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The option strategies ticket supports US stock and index options, and Euronext stock and index options. |
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