How to deal with expirations ? do you keep the options to the end nd add new months or roll over to next months ? how long before expiration do you roll ?
Honestly, I am not trying to be an ass here... It all depends on what you're trying to achieve.If you have to enter the (debit) position again after expiration,do you let expire and enter again or do the rollover ?
I generally stay away entirely from very short-dated options, as, in my asset class, gamma hardly ever is worth the theta, so to speak.
I am in my first trade right now, on the vix futures. It expires on Tuesday, I got told I get a 40% concession on the spread if I rollover..
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