Rolling option trades involves extending the duration of an existing options position by closing the current contract and opening a new one with a later expiration date, often at a different strike price. This strategy is typically used to avoid assignment, lock in profits, or manage losses while maintaining exposure to the underlying asset. Traders may roll options to adjust for changing market conditions or to extend a trade that’s moving in the desired direction. While rolling can provide flexibility, it requires careful consideration of transaction costs, the new risk profile, and the overall market outlook to be effective.