Every option has a fixed expiry date. When that date arrives, the contract settles and the position is gone. A roll moves a position from one contract to another: a later expiry, a different strike, or both.
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Contact usEvery option has a fixed expiry date. When that date arrives, the contract settles and the position is gone. A roll moves a position from one contract to another: a later expiry, a different strike, or both.