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  1. #1
    Administrator Martin Kay's Avatar

    Full Review of the Roll Over and Close Now Tools !!!

    Hi, guys. We have a new review by Michael Hodges on two of the basic and most important tools in Binary Options trading: Roll Over and Close Now. Read this article carefully, especially if you are a newbie. This tools will help you a lot in refinement of your trading stategies!

    Originally posted by Michael Hodges. Click here for the full review.

    Roll Over and Close Now Tools: What They Are And How To Use Them?
    Extend, or rollover, and close now are tools that are being offered by more and more binary options brokers. In order to use them effectively it is important to know what they are and how they work. Rollover is a feature that allows you to increase, or extend, the time to expiration. Close now is another useful tool that works in an opposite but complimentary way to rollover. Together, these two features bring binary options trading to a new level, one that is closer in nature to standard options than ever before.

    What Is Rollover?
    The basic function of rollover and extend features are to increase the amount of time your option has until expiration. When you use this feature you are exchanging your option for an option that has more time to expiration. In order to do this you will have to put up some more premium. This usually varies from broker to broker but is usually a percentage (maybe 30%) of the initial investment.

    What Is Close Now?
    Close Now is a great feature of binary options trading and one that I think even more useful than the rollover feature. The close now feature allows you to close your options positions at any time prior to the options expiration.

  2. #2
    Veteran Member Ammeo's Avatar
    GG Info.....

  3. #3
    M.J is offline
    Veteran Member M.J's Avatar
    Rollover can be a good feature but usually it is misused. As michael said, it is mostly used without analysis and market situation. Traders just want their trades to expire in the money. They use this feature with this hope, without any analysis, that maybe next hour is theirs.
    Cannot compare Close now with Rollover coz both features have their own adv and disadv. But I think Close now feature is less misused.

  4. #4
    Veteran Member's Avatar
    again, analyzing the stocks and scrutinizing company's key information and other economic indicators is the critical thing that matters when we talk about trading options....

    taking rollover is actually taking a bit more chance to maximize your gains because you might see that the information or other key indicators are and would be going in the favor of your current option... whether it is call or put....

    as for Close Now, it is very good option for the traders who are risk-averse and are trapped with uncertainty so they go for Close Now in order to minimize the risk and play safe...

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