Is the short strike of your iron condor or strangle being tested and you need to roll up your untested puts or roll down your untested calls? If this sounds like your position and you need help then continue reading!


Continue on if you’re wondering how to roll up your put(s) or call(s) for:

The built-in rolling function only looks out to further dates and not the same expiration cycle. That said, no need to worry! Since a rolling order consists of a closing order and an opening order you can get a head start by lining up a closing order first then re-establishing within the table view of the Trade tab.


If you're looking to roll an iron condor to a further date instead, then please click here.



Rolling Up/Down a Strangle

  1. To roll your untested leg, start by heading to the Positions tab. 
  2. Locate the untested leg, click to highlight, right-click on the highlighted position, and select CLOSE POSITION
  3. You’ll be sent to the Trade tab, a closing order will populate below.
  4. Now, select your new short strike by clicking the “bid” side of the strike.
  5. After clicking the bid or your new strike, the order ticket will resemble a rolling trade.
  6. Enter the price of your rolling order, click Review & Send to review, then click Send Order to route the order.

Please follow the illustrated step-by-step instructions below. In the example below, we’ll use a QQQ strangle with the call side tested and roll up a 170 put to 173 within the June monthly expiration.



Rolling Up/Down an Iron Condor

  1. To roll your untested legs, start by heading to the Positions tab. 
  2. Locate the untested legs, click each leg to highlight, right-click in the highlighted area, and select CLOSE POSITION
  3. You’ll be sent to the Trade tab, a closing order ticket will populate below.
  4. Now, select the new short strike of your spread by clicking the BID side of the strike, then for the long leg click the ASK side of the strike.
  5. After selecting your new short spread, the order ticket will resemble a rolling trade.
  6. Click Review & Send to review, then click Send Order to route the order. Assuming that the spread width remains the same, the rolling trade will not require any additional buying power.

Please follow the illustrated step-by-step instructions below. In the example below, we’ll use a short June 15 +64p/-65p/-70c/+71c iron condor on GILD with the call spread tested. Here, we’ll roll the short put spread from -65/+64 to -68/+67.



Iron Condors with an Overlapping Leg

Do you have a short spread with a leg that is short, but now needs to be long leg? Rolls that include a leg that requires a change in direction (for example, going short to going long) requires two separate orders. First, a closing order then a re-establishing order.

  1. To roll your untested legs, start by heading to the Positions tab. 
  2. Locate the untested legs, click each leg to highlight, right-click in the highlighted area, and select CLOSE POSITION  . 
  3. You’ll be sent to the Trade tab, a closing order will populate below.
  4. Enter your closing price, click Review & Send to review, then click Send Order to route the order.
  5. Now, return back to the Table view of the Trade tab, select your new short strike by clicking the BID side of the strike, then for the long leg click the ASK side of the strike. Assuming that the spread width remains the same, the rolling trade will not require any additional buying power.
  6. After lining up your new order, enter your price, and route the order.

Please follow the illustrated step-by-step instructions below. In the example below, we’ll use a short June 15 +117p/-120p/-123c/+126c iron condor on TLT with the put side tested. What’s unique about this situation is that we’ll be turning the original short 123 call into a long position. This requires closing the short call spread first and then re-establishing the short spread.