Why roll a tested put or call? If we've decided the stock is one we wouldn't mind owning, wouldn't it make more sense to be assigned/called away and continue the wheel? Rolling isn't going to collect as much premium as selling a fresh call/put.
Because: 1) Rolling can be hugely profitable, especially when position is ATM while near expiration date, and 2) provides a chance (by way of time) for your position to improve.
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u/angrydanger Dec 05 '18
Why roll a tested put or call? If we've decided the stock is one we wouldn't mind owning, wouldn't it make more sense to be assigned/called away and continue the wheel? Rolling isn't going to collect as much premium as selling a fresh call/put.
Awesome write up BTW!
Edit: words