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In this tutorial, we will be going through the step-by-step process of rolling options within thinkorswim. Rolling options involves closing out your current option while simultaneously opening a new one, either further out in time or on a different strike price. Reasons for rolling options include managing risk, taking profits, or saving a losing trade. Understanding how to roll options is important in trading. This video focuses on the mechanics of actually performing the roll within thinkorswim, but for more information on why and when to roll, check out other videos by the creator.
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