Reducing the Debit on an ITM Roll

<p><a href="https://ontt.tv/DZ5X3"></a>When it comes to rolling, we much prefer to <a href="https://ontt.tv/2Y3jPJk">roll our positions for credits</a>. Doing this allows us to improve our basis and reduce our risk on the overall position. However, there might be times when rolling a position for a debit is the only option for keeping the position alive. This often happens when strike availability in the future cycle does not match the current strikes in your position, and you have to roll up or down.</p> <p>As we look to adjust our LVS <a href="https://ontt.tv/DZ5X3">Unbalanced Ratio Spread</a>, we see this exact phenomenon unfold.</p>