How can I roll an option spread in TWS?

In the TWS Latest 970 or newer, you can use the Roll Builder tool to roll option spreads originally created as a Complex Position:

1. Right click on the complex combination position you wish to roll in the Portfolio window
2. Click on the ROLL button to open the Roll Builder tool
3. The current multi-leg position appears at the top and shows each individual leg, highlighted in red for sells and blue for buys. For each highlighted leg of the combination, select the contract you want to roll into from the option chains
4. As you build the new combination, it is shown below the current combo position in the Open section of the Roll Builder. When adding new legs, we pre-select the buy/sell action to logically match your original combination
5. Note that the ratio is set by default to 1
6. Review and edit the order details in the Order Entry line
7. Check the Margin Impact in the Order Entry line
8. Click Margin Impact to display the Estimated Combo Premium, Estimated Existing Combo Premium and Roll to Estimated Combo Premium.
9. Click Submit Order, check the Order Preview and hit Transmit.

Additional Information

• The Roll Builder tool in the TWS Users' Guide.