Expiry,rollover in options trading

A rollover implies closing an existing position which is on the verge of expiry and entering into a new position in the same security for a farther month’s contract.

If you’ve bought/written option of the next month during the current month, you can hold on to these options till the expiry day of the next month. To rollover, simply exit the position and take a fresh position in the same security for the next available expiry contract

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