long calls - always roll up?

Discussion in 'Options' started by cqm, Mar 27, 2012.

  1. cqm



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