Roll Assistant
See what changes when you roll an option
Rolling means closing the option you have and opening another one, usually with a different expiration, strike, or both. Compare what you might receive or pay, how much time you add, and how your exposure changes.
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New to rolling? See the step-by-step Roll Assistant guide.Compare more time at the same strike
Illustrative exampleStart with one short SOFI $16.50 put expiring Oct 16. Keep the strike and compare later expirations.
Oct 30 adds another week for about $29 more. Nov 6 adds another week for about $10 more. Which trade-off fits is your decision.
A roll credit is cash flow, not automatically profit. It closes one option and opens another with its own remaining risk.
The problem
A larger credit comes with a different trade-off
When you compare rolls, you are exchanging more time or a different strike and exposure for money received or paid. Liquidity and the remaining assignment or exercise risk matter too.
Roll Assistant puts those alternatives side by side, starting with your existing position. More credit can mean more time committed or different exposure; it does not automatically mean a better trade or a profit.
Workflow
How it works
- 1
Open an eligible position
Launch Roll Assistant from a supported short put, covered or short call, long call, or long put position.
- 2
Choose what to change
Add more time, move the strike where supported, or choose dates, strikes, and filters manually from the available option chain.
- 3
Compare the alternatives
See days added, estimated money received or paid, assignment amounts where supported, stock exposure, and quote warnings. Keep, close, and roll are separate decisions.
- 4
See portfolio impact
Preview one roll in Scenario Lab to see its hypothetical effect on the portfolio you already track before deciding what to do.
What it can do
- A clear summary of your existing option and available roll alternatives
- Practical intents plus detailed filters and transparent sorting
- Support for eligible short puts, covered or short calls, long calls, and long puts
- Estimated cash flow, days added, strike changes, and stock exposure from available quotes
- Mid, Natural, and Custom price assumptions, with liquidity and quote-quality warnings
- One-click handoff of a candidate to Scenario Lab
Important limits
- Roll Assistant does not recommend which roll you should make and does not rank a “best” trade.
- Grouped multi-leg positions and the anchor leg of a poor man’s covered call are not supported in the current roll workflow.
- Estimates require usable, consistent quote data and exclude fees and slippage. Quotes and assumed prices do not guarantee a fill; closed-market references are indicative only.
- Assignment amounts are contractual amounts, not broker margin or buying-power estimates. Adjusted or unverified terms can make these amounts unavailable.
- Optioneer does not submit, modify, cancel, or execute the roll.
Roll Assistant FAQs
What does rolling an option mean?
You close your existing option and open another option, often at a different expiration, strike, or both. The new option has its own remaining risk.
Is a roll credit profit?
No. A credit is the estimated net money received from closing one option and opening another. It is not the profit on the existing trade, and the new option remains open.
Do I have to roll an in-the-money option?
No. In the money describes the relationship between the stock price and strike; it does not make rolling mandatory or assignment certain. Keeping, closing, and rolling have different consequences.
Does Roll Assistant recommend which roll I should make?
No. It applies transparent filters and sorting, but no candidate is scored or recommended. The decision remains yours.
Can Roll Assistant execute a roll?
No. It can send a candidate to Scenario Lab for analysis, but Optioneer never submits the order to a broker.
Why might my fill differ from the Mid estimate?
Mid is halfway between each option’s current bid and ask. Market prices can move, liquidity can be limited, and a broker may not fill at that price. Natural and Custom let you inspect other assumptions; fees and slippage are excluded.
Continue the workflow
Related Optioneer features
Scenario Lab
Check an eligible candidate against portfolio exposure before acting.
Wheel Tracker
Keep short-put and covered-call rolls in the full Wheel lifecycle.
Options portfolio analytics
Understand the current position and portfolio exposure first.
Put the full workflow in one place
Track what you own, understand the exposure, find ideas, test portfolio fit, and manage what happens next.