In this lesson learn how soon-to-expire options in your Interactive Brokers account can easily be rolled over to a further strike or expiration date in the same underlying ticker using the Roll Over Options tool.
Soon-to-expire options in your Interactive Brokers account can easily be rolled over to a further strike or
From any page showing the current position, right click in the row to show the floating menu. You will
see BUY, SELL, CLOSE and ROLL.
In this example, I have a short call option position in the current weekly series. The position might be
part of a bigger strategy and rather than let the options expire, I may want to write a higher strike call
option with a further expiration date.
Select ROLL to review further expirations. The rollover window populates and you will see your current
position surrounded by a colored-border. Long positions that must be sold to create a roll use a red
frame. Short positions that must be bought to create a roll are bordered in blue.
If the strike or expiration is not currently displayed, use the dropdown menus at the top right of the
screen to adjust. Select appropriate expirations and strike prices to suit where you want to roll to. Click
on the strike price and date you want to roll the position to. The Roll Builder will populate with this
information, identify the spread type and display price under the Bid/Ask column.
You can see the relevant highlighted boxes indicating the options to be rolled.
Use the Order Entry line to tailor your order including order type, price and time-in-force. When
satisfied, submit your order to the exchange.
IB clients can use the technology to rollover expiring long or short call or put option positions to selected
strike prices and expirations suited to current market conditions.
Disclosure: Interactive Brokers
The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.
Supporting documentation for any claims and statistical information will be provided upon request.
Any stock, options or futures symbols displayed are for illustrative purposes only and are not intended to portray recommendations.
Disclosure: Options Trading
Options involve risk and are not suitable for all investors. For more information read the “Characteristics and Risks of Standardized Options” also known as the options disclosure document (ODD). To receive a copy of the ODD call 312-542-6901 or click here. Multiple leg strategies, including spreads, will incur multiple commission charges.