Forums - long calls - always roll up?

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Posted by cqm on 03-27-12 05:59 PM:

long calls - always roll up?

Hello,

when your call approaches delta 1 do you always roll up?

pros: lock in gains, use less capital to continue a position (therefore limiting your loss on a pullback)

cons: ??? higher commissions

Posted by TheGoonior on 03-27-12 06:29 PM:

cons: eat the spread, which has probably widened considerably.

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