Sct Podcast

Sarah: Hi, everybody this is Sarah Potter from the SCT podcast. We are at episode #28 and I have TJ here with me.   TJ: Hi, everyone.   Sarah: So in today’s podcast, we are going to talk specifically about adjusting, and rolling trades. Doing something with trades, if they haven’t really worked out the way you wanted them to. We’re going to talk about how and why you want to that. So first off TJ, I hope you can explain a little bit about what is the difference between using the term adjusting or rolling when it comes to trading?   TJ: Well, I think they’re pretty generic terms and different traders will use them differently. Usually for me, rolling is taking the same trade and moving it out to a different expiry date or a different strike price. Whereas, adjusting is changing the trade a little bit. So adding a leg, adding some stock to the trade, for example, to turn a short call into a covered call. Something like that where you’re changing what you’re doing, changing the intent of the trade.   Sarah: Yeah