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today well be going through a full step-by-step tutorial of how to roll options within interactive brokers now for those of you who might be completely unfamiliar with what a role actually is it is simply closing out your current option position then opening up a brand new one either further out in time or on a new strike price this type of transaction again known as a roll can be used in several different ways whether it be to manage your risk or take some profits off the table or even to save a losing trade now i will mention before we even begin that interactive brokers does not make this process incredibly simple so ill be sure to cover it very slowly to make sure you guys really get the hang of it jumping right in and beginning with our very first method today were going to be using a tool called the rollover options window in order for us to access this tool for ourselves well simply need to come up here to the new windows tab in the upper left hand corner well then look dow