QuantWheel

Manage ITM Positions

Free Options Roll Calculator

Position underwater? Calculate optimal roll strategies instantly. Find strikes and expirations to collect net credit.

Try DemoStart 7‑Days for $1

$1 for 7 days • Cancel anytime • 14-day money-back guarantee

Free options roll calculator showing analysis of the best strike and expiration combinations for rolling put and call contracts. Displays comprehensive data on premium potential, risk reduction, and portfolio impact for credit-first roll strategy options.

Capabilities

What Roll Assistant does

Preserve Capital

Avoid realizing losses by rolling for credit instead.

Options roll calculator results displaying all available roll combinations with net credit amounts, new expiration dates, and cost basis impact. Shows put and call roll options ranked by premium collection potential.

Lower Cost Basis

Each credit collected reduces your effective entry price.

Options roll calculator trade-off comparison showing credit received versus time extension analysis. Helps traders balance premium collection against duration for optimal position management decisions.

Save Time

See all roll options instantly without manual calculations.

Options roll calculator underlying selection interface for managing in-the-money positions. The tool supports both put and call contracts for cash secured put and covered call roll strategy analysis.

How it works

Three steps

  1. Select the underlying

    Choose the ITM position that needs management - works both for puts & calls.

    Options roll calculator underlying selection interface for managing in-the-money positions. The tool supports both put and call contracts for cash secured put and covered call roll strategy analysis.

  2. Set your preferences

    Choose between bid/ask or mid price for calculations. Filter for OTM-only rolls if you want to escape the position entirely.

    Options roll calculator price preference settings showing bid/ask or mid price selection for credit calculations. Includes OTM-only filter option for traders wanting to escape underwater positions completely.

  3. Review all roll options

    See every available roll combination with net credit, new expiration, and impact on your cost basis.

    Options roll calculator results displaying all available roll combinations with net credit amounts, new expiration dates, and cost basis impact. Shows put and call roll options ranked by premium collection potential.
Know the limit

The Roll Assistant ranks rolls by net credit from listed options prices; it is not financial advice, and every trade is yours to place in your own broker.

Continue your workflow

Pairs with

QuantWheel options Wheel workspace with connected find deals, roll, covered call, and results stages
Options Wheel TrackerTrack the Wheel workflow across screening, puts, assignments, shares, covered calls, rolls, and results.
QuantWheel options journal with positions, transactions, income calendar, and portfolio summaries
Options JournalConnect puts, rolls, assignments, shares, and covered calls to the same position history.

FAQ

Roll Assistant questions

Roll Assistant

When a position goes ITM, you have three choices: take assignment, close at a loss, or roll for credit. Rolling manually means comparing dozens of strike and expiration combinations to find one that collects premium while improving your situation. QuantWheel automates this analysis, showing you every viable roll option ranked by net credit.

Balance credit received against time extension. Some rolls offer more credit but extend duration significantly.

No. It shows every viable roll ranked by net credit; every trade is yours to place in your own broker.

Stop guessing on your rolls.

Try DemoStart 7‑Days for $1

$1 for 7 days • Cancel anytime • 14-day money-back guarantee

Options trading involves substantial risk and is not suitable for all investors. QuantWheel provides software for research, analysis, screening, tracking, and workflow support. It does not provide personalized investment advice or guarantee trading outcomes.