About Rolling Strike Options on the Crypto.com website

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What is Auto-Roll?

The Auto-Roll feature allows you to continue trading Strike Options without having to set up new trades. When your position in Strike Options expires in “money” (when your forecast was correct), a new position with the same parameters will be opened automatically. Your position will continue to “roll” until it expires in “No Money” or when you close it manually.

How to activate Auto-Roll?

First, do the following before opening a position in Strike Options with Auto-Roll enabled:

Auto-Roll is activated for the entire position. However, you can increase the number of contracts in the position or close some of it at any time. Auto-Roll will continue to operate on the position until you close it or until it expires in “No Money”. It cannot be disabled for an active position.
Once Auto-Roll is applied to the position, it will run by default on the next positions you open.

Here's how to activate Auto-Roll:

From the home screen, go to the Leverage tab
Open a position by selecting the underlying asset, strike price, and expiration time. For more details, visit the Strike Options FAQ.
On the orders screen, tap Advanced Trading Options
Turn on Auto-Roll and tap Confirm
Check the order details and tap the Place Order button when you're ready

After enabling Auto-Roll, you will receive a push notification whenever the Rolling Strike Options position is performed.

How does Auto-Roll work?

Rolling Strike Options orders are made with contracts under your settings such as token and draw, where you will pay between $4 and $6 per contract on engagements with Auto-Roll, including commissions. When the position expires in “money”, you will receive a payment of $10 per contract, minus commissions. A new position will be automatically opened with the same parameters and conditions depending on the number of contracts of the expired position.

Please note that a “rolled” position retains the same parameters (such as token, contract duration, trading direction, quantity, etc.), but the strike price will change to the new contracts because the old contracts were closed upon expiration. If you increase or close part of the position before expiration, Auto-Roll will act on the updated open position, and subsequent orders will be based on the amount of contracts of the position at expiration.

Restrictions on bookings

Rolling Strike Options positions have an order limit of 100 contracts. For example, if your position with Auto-Roll contains 200 contracts and expires in “money”, the new position will only contain 100 contracts. Please note that this limit only applies to Rolling Strike Options trades, not regular Strike Options trades.

Trading Fees

Strike Options trading fees also apply to Rolling Strike Options:

Exchange Fee: $0.15 per contract
Technology Fee: $0.14 per contract

The above fees are charged when the position is made by the User, activated with Auto-Roll, proactively closed or expires with “money”.

How do I check if my position with Auto-Roll is enabled?

To check the Auto-Roll status of your active position, follow these steps:

Within the Leverage tab, tap See All and expand the list of open positions
Select the position
Tap on the position details at the bottom of the screen
An Auto-Roll bar will show the status of Activated if the feature is active for the position

Note: To change your Auto-Roll setting by default for the following trades, go to Settings under the Leverage > Strike Options tab to enable or disable it.

Trading Scenarios

Scenario 1 – You set up multiple Rolling Strike Options orders

Trading: You set Rolling Strike Options trading to be trending positively with 30 Bitcoin contracts. You then increase your position with another 20 contracts before the trade ends.
Result: You now have a positive position in Bitcoin with 50 contracts and Auto-Roll activated. When this position ends with “Money”, Auto-Roll will open a new position with 50 contracts and with the same parameters and conditions as in your initial configuration.

Scenario 2 – Initial order with Auto-Roll enabled rejected

Trading: You set Rolling Strike Options trading to be trending positively with 30 Bitcoin contracts, but the order is rejected because there is no slippage tolerance.
Result: No position opened; Therefore, Auto-Roll is not enabled by default for your next position.

Scenario 3 – Your position exceeds the trade limit

Trading: You set Rolling Strike Options trading to be trending positively with 30 Bitcoin contracts. Then, you purchase 100 contracts with the same parameters through the normal trading process.
Result: Your positive position in Bitcoin reached 130 contracts and expired in “money”. However, only 100 contracts can be set to a new position due to the Auto-Roll order limit. The new position will therefore contain 100 contracts with the same parameters and conditions as your initial configuration.

Scenario 4 – You close your entire Rolling Strike Options position before the expiration expiry

Trading: You set Rolling Strike Options trading to be trending positively with 30 Bitcoin contracts. Then, you decide to close the entire position to minimize losses in a falling market.
Result: Auto-Roll is disabled for this position because you have closed it entirely. Therefore, new positions will not be opened automatically. However, the feature remains enabled by default for your next order.

Scenario 5 – Your position expires at a loss

Trading: You set Rolling Strike Options trading to be trending positively with 30 Bitcoin contracts. Your position expires at “No Money”.
Result: Since the position has expired at a loss, Auto-Roll will not be triggered for it. Therefore, new positions will not be opened automatically.

Faq

What is the difference between Strike Options and Rolling Strike Options? Rolling Strike Options is a strike order with an Auto-Roll feature enabled. This means that if the position expires in “Money”, a new order with the same parameters and conditions will be entered automatically. Note that the new “rollover” position retains the same parameters (e.g., token, contract duration, direction of trade, quantity, etc.), but not the strike price.

Can I set a limit on the number of rollover contracts in a position? Not. When an auto-roll position expires in “money”, the total number of contracts of the expired position will be used for the rolling position. If you want a smaller amount to roll, you need to close part of the position before expiring.

Are there any additional fees for Rolling Strike Options? No, there are no additional charges for using Auto-Roll. Strike Options with and without the Auto-Roll feature enabled have the same fees. Swap and technology fees apply to each traded contract.

If I activate an Auto-Roll for a trade, does that mean it is triggered for all my existing positions? Not. Auto-Roll is applied to a position each time.

How do I update my default setting for the Auto-Roll feature? Follow these steps to adjust your Auto-Roll settings by default: