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Get Spoke freeOptions Roll Analyzer
Thinking about rolling a short put or covered call? Enter what you have and what you're moving to. You get the net credit or debit, the DTE change, and the new breakeven. A roll for a credit at a strike you're happy holding is usually a good roll. A roll for a debit almost never is.
Existing position
What you collected when you opened.
Debit you'll pay right now to close.
7 days from today.
Roll target
35 days from today.
Roll outcome
Net credit on the roll
$190.00
Per share
$1.90
DTE change
+28 days
Strike movement
-$5.00 ยท Rolled down (defensive)
Total premium kept across both contracts
$540.00
Effective basis if assigned at new strike
$169.60
A roll is generally worth doing when it's a credit AND the new position is one you'd be happy holding. Rolling for a debit only makes sense to close for a locked-in gain or to escape a much worse outcome.
Educational tool. Not investment advice. Rolling changes your risk profile. Look at the new position on its own merits before executing. Confirm mid-prices with your broker.