Roll Ladder Enabled

Setting key
roll_enabled
Default
ON

What it does

Master toggle for the roll ladder. When ON, ACondor will attempt to roll a tested short strike out in time and further OTM when the defend delta is breached. When OFF, the bot closes the position instead of rolling. Rolling only applies to the mechanical engine: earnings positions are never rolled (closed the morning after the report).

When to change it

Turn OFF if you prefer clean closes over rolls, or if you want to avoid the complexity of multi-leg roll orders.

Safe range

ON or OFF.

Example

Short put at $480 tested, delta reaches 0.45. With roll enabled, bot attempts to roll the put to next month at $460 for a net credit. With roll disabled, bot closes the entire iron condor.

Financial Information Disclaimer

This site provides general information about ACondor, a software tool for automating options trading strategies. Nothing on this site is investment, tax, or financial advice. Options trading involves substantial risk of loss. Past behavior of any strategy does not guarantee future results. Consult a licensed financial professional before trading options. ACondor may earn a commission from affiliate links at no extra cost to you.