Just asking for a simple roll over options calculator,

[wxytrader]

I hear you,know where you are coming from,but "who cares" about the roll....

What I am saying is you are managing your current position, i.e the Greeks...

Once you roll,it's an entirely new bet that stands on its own. Im assuming you have levels where you adjust or close the position based on whatever voodoo one chooses.

Where and what priced you rolled at is meaningless.

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

 

[taowave]

Wrong.....

Relevant to you...

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

I dont roll because of my PnL

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 20k, the dealer gives you 15k and the new car is 30k.

Contract cost: 15k
Your cost: 20k

 

[wxytrader]

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)

 

[taowave]

All of the above

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

 

[wxytrader]

All of the above

Well then I reiterate all my deleted posts.

 

[wxytrader]

I figured it's 2024 and by now in the world of finance and trading especially in a world hyped full of ai, that they would have a simple calculator to determine where your current profits and losses would stand on simple option roll overs, but nope...nope nope nope.... Not even the brokers I use have this simple tool. Now there is no way I could be the only one searching for this holy grail..... so does anyone here who trades options knows where I can find the most perfect and most beautiful options roll over calculator the world has ever seen?????...

https://snapoptions.com/

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

 

[S2007S]

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!!

 

[S2007S]

All of the above

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?

 

[jamesbp]

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 !

 

[S2007S]

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??