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🔴Be careful VERY CAREFUL with rolling option contracts.
Many brokers will auto fill each leg deep on the unfavorable side of the bid ask spread.
Let me explain why this is bad.
In general with life, you always wanna buy something for the cheapest price & sell it for the highest price.
Common sense.
So the problem with rolling with many brokers is that you are selling the contract for bottom dollar (on the bid) & buying the contract for top dollar (on the ask)
I offen do 2 separate trades when rolling.
Not the one where it sets both legs up for you.
I know it seems like minutia, but it actually can be thousands per trade, especially when the bid/ask is wide.
Aim for closer to the mid to ensure a fill on both legs.