Can someone give me a brief lesson. On Schwab if I wanted to roll out an option, it would just roll it out. For example, two more weeks and I go up a couple dollars on the strike. Costs me a little bit per share.
Now with E\*TRADE when I tried to roll, there’s a separate drop-down box that wants me to pick net credit, net debit, even, or market. I would think for the same scenario as above, it would kind of be a given. How do I know if I’m needing a net credit or net debit if I’m just trying to roll up and out or down and out in time on a put? Too many choices.
I mean what happens if the default in the situation is net credit and I hit either market or net debit? WTF.
Also, instead of rolling, does it work out the same if I manually buy to close and then sell to open at a later date and different strike? I know when you roll it bundles the two, but I haven’t really done the math enough to know if there’s a difference.