Enter your underwater position
Input the ticker, expiration, and strike of your current ITM put or call that needs rolling.
Free tool
Free Options Roll Calculator
Position underwater? Calculate optimal roll strategies instantly. Find strikes and expirations to collect net credit.
3 free calculations today
Try:
Credit-First Logic
Risk Analysis
Instant Results
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How it works
How the Optimal Roll Calculator Works
Find the best roll strategy in seconds, not hours
Configure calculation preferences
Choose between bid/ask or mid price for calculations. Enable OTM-only filter to escape positions completely.
Review all roll combinations
See every possible roll ranked by net credit, APY, risk level, and overall score. Compare dozens of options instantly.
Analyze trade-offs
Balance credit received against time extension. Find the sweet spot between premium collection and duration.
Why Roll Options?
Turn Underwater Positions Into Opportunities
When your option goes in-the-money, you face a choice: accept assignment, close at a loss, or roll for credit. Rolling lets you extend your position while collecting premium and lowering your cost basis. Our optimal roll calculator analyzes every possible strike and expiration combination to find the best opportunities.
Avoid Assignment
Roll before expiration to keep your capital working and avoid forced exercise.
Collect Premium
Find rolls that generate net credit, adding income even on losing positions.
Lower Cost Basis
Each credit collected reduces your effective entry price on the underlying.
Next step
Where to go next
Try the whole product with sample positions. No account needed.
