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[Music] hey yo whats up team welcome back to another video today i want to talk about how you can save a losing options trade and even turn it into a winning options trade this strategy is known as rolling and there are a variety of ways you can do this in this video i will dive into my favorite ways to roll options if you enjoy my videos please consider subscribing and liking this video it really helps the channel and gives me motivation to continue making these videos alright lets start out with the basic understanding of what rolling an options position means in the eyes of the wheel options strategy rolling an options contract is a form of risk management when trading the wheel where the trader buys back the short contract and sells short another contract at a different strike different expiration or both there are three basic varieties of rolling of which any of them can be used by themselves or in combination with one another those three are rolling up rolling down or rolling o