Selling_Options

[gtober]

Ziv, I used to roll forward options on losing trades that I wrote. On RIG for instance - I don't remember the original parameters - if you wrote Jan. you could close the loser trade, and re-write for the same or similar strikes for Feb. Roll the trade into a new month, gain a bit of extra time premium, and most important, keep the cash in the account.

Its not foolproof, as nothing usually is, but it does 'buy' time for you by selling more time. Might be a worthwhile addition to your system.

Nice thread. I have been following for a few months now.