Just asking for a simple roll over options calculator,

I haven't traded a spread in so long I forget how the calculate rolls...

If this is the scenario

Buy call for 1
Sell call for .88
pnl: -.12

If the new position you want to roll out to is @ 1.50 then what is the cost of the roll, and what does your new position look like?

When you trade in (roll out a car)...the dealer will just give you the cost of the new vehicle - the trade in price. He doesn't factor in the cost you paid for the car originally, but it is relevant to you since you need to add that cost to the deal. So you paid 25k, the dealer gives you 20k and the new car is 30k.

Contract cost: 10k
Your cost: 15k

 

Wrong.....

Relevant to you...

Either the trade stands on its own or it doesnt..

I dont roll because of my PnL

 

Are we talking about not rolling because of PnL or not keeping track of PnL (cost basis)

 

All of the above

 

Well then I reiterate all my deleted posts.

 

https://snapoptions.com/

This will do what you want if you don't want to go the spreadsheet route.

 

Thanks will check that out

I did another roll today. 4th one and will do another tomorrow on same equity, taking it out further with a lower strike price for mid may!!

 

So you do NOT roll because of PnL??

And Because of cost basis??

So you take the assignment if you are selling a put or selling a covered call or just buy the option back?

 

You would only "Roll" or "Adjust" any trade because the position you end up with is the position that you actually want on at current prices with respect to your best guess of market direction-range, volatility and time

Better to start with "What position do I want"

Then execute trade/roll/adjust to get to that position in most efficient way !

 

Is it possible if I roll out say 2 weeks or 3 weeks out that they could still assign me shares if the trade widens too far from my strike price??