Rolling a Position

Rolling means closing one position and opening another, usually further out in time or further OTM, often as a single combined order. ACondor's roll ladder rolls tested short strikes out in time for a net credit when the trigger delta (0.45) is reached. Rolling buys time and reduces cost basis but does not cap loss: the wing on the defined-risk structure already does that. ACondor follows tastytrade's guidance: roll_defined_risk is OFF by default. Rolls require a minimum net credit of $0.25 per contract (roll_fee_buffer); otherwise the position closes.