Derivatives
Reportable Positions
March 6, 2023
Derivatives
Risk-Free Rate
March 6, 2023

An option-related strategy that is based on the replacement of a position by closing out one option with a near-month expiration and opening another option at a higher strike price with a later expiration. For instance, an investor may offset one long March 100 call and purchase one or more April 105 calls.

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