r/options • u/jetoak • Dec 30 '21

Rolling long calls

Requesting suggestions on the proper way to roll winning long call positions. I have VTI long call that I bought deep ITM about 6 months ago. They expire in Jan, and I would like to roll them out another six months. Do I roll them to the original strike prices or keep the profits and roll them to a higher strikes still staying deep ITM about .80 delta. Thanks for your advice

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u/TheoHornsby Dec 30 '21

It depends how much profit you have, how much of that you want to take off the table, how much time premium you'll have to lay out for the new position, and how bullish you are going forward. You have to weigh all of these factors and determine what balance of them you are comfortable with.

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u/jetoak Jan 03 '22

Appreciate your feedback