Rolling an options position on Volatility.com.au allows you to manage and extend your exposure seamlessly. Follow these steps to roll an options position:
Steps to Roll an Options Position:
Select Portfolio: Navigate to the top ribbon and click on "Portfolio."
Choose Stock: Within your portfolio, select the specific stock you would like to roll. For example, S32.
Close Positions: Click the 'x' in the circle to the left of each line representing the options position you want to roll. This will trigger a 'what-if scenario' for closing. Select "Roll" located at the top right.
Review Trade Summary: The 'what-if scenario' will display a trade summary, outlining the impact on premium, margin, Stress Test Exposure Limit (STEL), and buying power. For more details, click "View" in the Strategy Builder located at the top right of the what-if screen.
Hit Execute: If satisfied with the trade summary, click "Execute" at the top right of the what-if scenario.
Enter Price and Execute: Enter the desired price for rolling the options position and execute the trade. For an updated quote from market makers, click "RFQ" (Request for Quote) located in the bottom left of the order screen.
Important Considerations:
Use the 'what-if scenario' to assess the impact on premium, margin, STEL, and buying power before confirming the roll.
Thoroughly review the trade summary to understand the changes in key parameters.
For accurate and updated market quotes, utilize the RFQ feature to request quotes from market makers.
Need Assistance?
If you have questions or encounter any issues while rolling an options position, our support team is ready to assist you. Reach out through the "Contact Support" option on the platform or visit Volatility.com.au/support/contact.