Rollover and close now binary options tools

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  • Binarium

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Early Out, Close Now And Rollover Tools For Binary Options

Risk Management Tool For Binary Options Traders

Risk management comes in many forms. One way is to use the early out, close now and rollover features that are available with many of today’s binary options brokers. These features allow you to take advantage of profitable opportunities and cut losses in the event a trade turns against you. As good as they are however, there are some limitations including the fact that not all brokers support these tools, and the ones that do will probably not let you use them indiscriminately. Regardless, they are good tools and ones you should be familiar with.

Early Out and Close Now are basically the same thing. They let you close a position early, before expiry, and take a smaller profit or a smaller loss depending on what is showing. Assuming a position is in the money and theoretically profitable you can sell it and take some profit but it will not be as much as if you held the option until expiry. The benefit is that it allows you to close a trade that may otherwise move out of the money before expiration. The risk is that you close too early and miss out on profits you would have otherwise realized.

The problem with this feature is twofold. The first is that not all options have this feature. What I mean is, usually only longer term options such as 30 minutes, 1 hour or end of day will have an early out feature. Shorter term options like 60 seconds or even as much as 5 minutes will usually be excluded. The other problem is that there will always be a window of opportunity; you won’t just be able to open and close a position, and you won’t be able to close it once it enters a certain window leading up to expiration. Using one hour expiry as an example the window might 50 minutes, that is, there is a 5 minute black out period immediately after the option is opened and the last 5 minutes before expiry. The first black out period is not an issue usually but the second one can be, especially if you wait to long to close and then lose out in the last 5 minutes.

The Rollover, sometimes called Extend or something like that, is a feature that allows you to add more time to a trade. At first this may not sound too exiting but in terms of your trading it could mean the difference between taking a loss and taking a profit. If your trade is already in the money and showing a profit there really isn’t a reason to add time to it. On the flipside, if your trade is not in the money but you think it will be adding a little time could be just what you need to ensure a profitable return. After all, choosing expiry is one of the toughest aspects of trading binary; it’s easy to pick which way a market will go but it is very hard to say precisely when it will move there.

Again, this feature does come with some caveats. The first is that it will cost you some more money in order to do this. It only makes sense, right? The original trade was for $X at X amount of time, if you add another X amount of time it will cost you some more money. The good news is that the payout will grow as well. The second is that you can’t just keep rolling over a trade until it wins. Theoretically you could of course, but the broker won’t let you. For the most part you will be allowed to do it only once per trade.

Where You Can Find Early Out And Rollover Trading Features

Now, which brokers have such features? The most prevalent platform to support Early Out and Rollover is the SpotOption platform, which also happens to be the most prolific in terms of brokers. This is a good thing because it mean there is a very good chance of finding a respectable broker that is regulated and licensed for your country. AnyOption is a proprietary platform and broker that also has Rollover and Take Profit features. It is EU, CySEC and South Africa regulated and one of the top trusted brokers around. Another, TechFinancials the parent of 24Option, only has early closure but it is available on a much wider range of options and expiry than what you find other places.

Rollover and close now binary options tools

Rollover and close now are two tools that are almost basic to every binary options broker out there right now. So if you want to use it effectivelly you need to know what is important to know about thema nd how to use them, basicly how they work. To quickly summarize, rollover feature allows you to extend your expiration time of certain trade. Close now as the name suggest is the tool that lets you close the trade before the expiration of the time.


As we said, the rollover allows you to extend or increase the time of your trade before it expires. What it does is, you swap your option with the option that has more time on it. But this is not free and costs some extra money which usually is around 30% of your investment that you have put in the particular trade.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo

    Only for experienced traders!


You can use this feature, rollover, when you have done your analysis correctly and you know it is just a matter of time to go into your way. Means, that if you will be short for small amount of time, it is best that you use this feature , so trade can finish in the money. If you already are in the zone of money, then you do not need to use this since you are only risking more. You also do not want to put in use rollover when you see that the trade is coming against you. Good example would be, if there is some news that you did not expect and therefore your trade goes out of the money zone. In this case, rollover feature is not a good decision and it is better that you cut your loss.


This is by my expirience even better feature then the rollover one since you can close your binary option trade before the expiration time. Means, that you can take your profits or cut losses. This way you reduce the risk and gain profits and you can go into another trade.


This tool or feature is easy to use since your binary options broker will display you this feature when you have opened your trade. We know that the price of the option you have choosen is based on the price of the underlying asset and the expiration time. If you wish to cut losses or gain profit you can use this feature but your profits will be smaller. You just have to think reasonably when to use it, otherwise there is no reason for why you should not use this tool since it really is amazing addition to trading and more people should take action with it. Cutting your loss or take profits is just something you need to do in order to be a good trader.


Both of these tools are great and there isnot much spotlight on them although they could save you numerous times and save your money aswell. You just have to learn when to use it in proper way with your trading strategy. Only thing is that window of time to use this tools, which varies from broker to broker. This is something you will have to check on yourself with your selected broker.

Roll Over and Close Now Tools: What They Are And How To Use Them?

Roll Over and Close Now Options for Binary Options Traders

Extend, or rollover, and close now, or early closure, are tools that are being offered by more and more binary options brokers. In order to use them effectively it is important to know what they are and how they work. Rollover is a feature that allows you to increase, or extend, the time to expiration. Close now is another useful tool that works in an opposite but complimentary way to rollover. It allows you to close a position early, sometimes for a profit. Together, these two features bring binary options trading to a new level, one that is closer in nature to standard options than ever before.

What Is Rollover?

The basic function of rollover and extend features is to increase the amount of time your option has until expiration. When you use this feature you are exchanging your option for an option that has more time to expiration. In order to do this you will have to put up some more premium. The amount will vary from broker to broker but is usually a percentage (maybe 30%) of the initial investment.

When To Use Rollover

You want to use rollover when your basic analysis is correct but you need more time for the trade to unfold. If your trade is in the money or looks like it will easily close in the money then adding additional money and time risk to your trade is unnecessary and a waste of money. Sometimes it’s hard to know when to use it, acting hasty could cost you more money than you need to spend, which is why Patience is a Trader’s Virtue that should never be underestimated.

When Not To Use Rollover

You do not want to use rollover when your trades turn against you. Let’s say the market drops on unexpected news and your trade moves out of the money then you wait to close it, hoping and praying that it comes back. When it doesn’t you give the trade more time and spend more money. This is not a good decision. You do not want to throw good money after bad, at this point it is better to cut your losses and get out with what you can. One way to avoid this type of set up is to follow the news.

What Is Close Now?

Close Now is a great feature of binary options trading and one that I think even more useful than the rollover feature. The close now feature allows you to close your options positions at any time prior to the options expiration. What this means is that you can take profits or cut losses well before the option expires. This can help you limit your risk to time exposure and free up your capital to reinvest in other trades. For more on risk management read our article, The Top 5 Ways to Reduce Your Risk in Binary Options Trading.

When To Use Close Now

Close now is pretty easy to use. Binary platforms with the feature display a buy now price for any options you own. The price of the options fluctuates based on the price of the underlying and the time to expiration. You can use close now to prevent losses or to capture gains but will lose some of your premium and profits. If the asset you are trading has made the move you expected well before expiry of the option use close now to capture that profit and move on to the next trade. If the asset has moved against you, use close to now to cut your losses and get back the capital you can, before you lose it all.

When Not To Use Close Now

After giving it some thought, I can not think of a time when you really should not use close now. If getting out of a trade is right for you then it’s right. Cutting losses and taking profits are two of the pillars of my personal risk management strategies and I can’t speak a bad word about them. Close now is the tool that allows binary options traders to do both of those things.

My Final Word

These are two great tools. They enhance binary option trading and make it more dynamic. The ability to extend time, cut losses and capture profits bring more credibility to binary options. When properly used they can be very profitable and are important tools in the trading arsenal. However, they both have one big drawback; the window of opportunity for using these tools varies from platform to platform so you will need to be sure and choose a binary options broker that has them, and know how they work on the platform.

Rollover Tool in Binary Options

How to use the rollover feature to protect your money in losing trades

Risk management is generally a key feature of binary options as the predetermine nature of the risk and reward are ingrained in the binary option trade. When traders place a binary option trade they know in advance the most they will lose and how much they can gain. In addition to the benefits of a predetermine risk reward feature, traders can use a rollover tool on out of the money trades which helps extend trades if an investor believes that there will be a catalyst that will push the trade into the money.

A rollover option allows a trader to extend a live trade for a specific period of time for a fee. Traders should only consider executing a rollover strategy only on live trade and only when you are recording loss. Generally, a rollover can only be implemented only once per trade.

Which Broker offers the Rollover Trade Feature?

An example of a binary options broker that offers the rollover feature is If you sign up now you’ll also receive a $5,000 first deposit bonus.

Rollover Trade Example:

Let’s assume a trader places a daily binary options call on the EUR/USD currency pair. The trade pays out 80% on $100 dollars if the price is above 1.30 at expiration. The EUR/USD is printing 1.2990 with 30 minutes before expiration, but the trader has confidence in the trade, since it moved down to 1.2940 earlier in the trading session after the trade was placed, and has moved back to 1.2990 over the past 2 hours.

Additionally, there was some fundamental news that was negative for the dollar during that last 2 hour period, which the trader believes will likely weaken the greenback over the next trading day. In this context, the trader is looking to extend his trade into the next day in an effort to generate a profit from a trade that in his mind will play out over another 24 hours.

The rollover is a risk management tool that comes with a cost. If you want to use a rollover, you must understand that a broker will charge a commission that is usually as high as 30% of the trade value. Most of the brokers will let you execute rollover on positions that has less than 20 minutes before the expiration.

Calculating the Risk to Reward of the Rollover Option

The additional cost of placing a roller changes the risk / reward profile of the trade. When a trader chooses to take advantage of this feature they should think about the risk relative to the reward and relative to a completely new trade.

For example, let assume a trader places the EUR/USD trade at 1.30 on $100 dollars. The trader is risking $100 to gain $80 (100:80) on a EUR/USD call option. If the price as discussed earlier is 1.2990, then a rollover would change the risk reward to assuming $130 of risk to gain $80 (130:80). If the EUR/USD increases 11 pips then the trader is in the money. This compares to exiting the trade, and placing a new trade where the risk is to gain $80 and risking $100 at 1.2990.

This becomes a judgment call, for an investor. The trade turns into an above or below trade since the reward is only captured at higher levels for a call option. If the amount is relatively small such as 11 pips the risk reward is likely suitable, but if a trader is rolling over and needs to gain 60 pips or a big figure they might considered generating a new trade.

When You Should and Should Not Use the Rollover

You want to use rollover when your analysis of the direction of the security is correct but you need more time for the trade to unfold in the direction you chose. If your trade is in the money or looks like it will easily close in the money then adding additional money and time risk to your trade is unnecessary and a waste of money.

You should avoid using the rollover when your trades turn against you immediately and the risk is worth less than placing a new trade. Let’s say the market drops on unexpected news and your trade moves out of the money. Adding an additional 30% to the transaction where the chances of returning to the initial point are less than a new trade at current levels makes the risk / reward on the trade ill advised.

More About Adam

Adam is an experienced financial trader who writes about Forex trading, binary options, technical analysis and more.

Tools for binary options traders

There are a number of available trading tools to help binary options traders to increase their probability of success. Of these, perhaps the most important of are provided directly by the trading platforms themselves. These include the close early and roll over features which can be equally helpful for traders in situations where trades are looking both good and bad. Additionally, the relatively unique ability for traders to hedge their positions is also a key feature which can be exploited by those who feel that a trade is likely to move against them.

Indicators and binary options trading tools

Many new binary options traders naturally look to the wealth of charting indicators in order to enhance their trading strategies. The vast an exciting number of these indicators not only enlivens charts but also creates the appearance of reliability with any binary options trading strategy. Indicators can certainly improve trading profitability and some of the most reliable strategies use key indicators such as Oscillators, Moving Averages and Bollinger bands. Additionally however, the use price action techniques to spot profitable trading opportunities can also be successfully employed within technical trading strategies and using reasonable charting software such as Metatrader.

Using the Close Early tool

However, many traders initially overlook the tools available through their platform. These include several helpful features which can be very useful in difficult trading situations and can also help a trader in improving their long term profitability. The first of these features is the ‘Close early’ function offered by many binary options trading platforms. Close early allow binary options to be expired before their pre-agreed time and is especially useful for traders who fear that their position may be turning negative.

The costs of closing early are a lower percentage return, depending on how long the options have to run and also where the current price is relative to the strike price. The close early feature can essentially prevent the terrible feeling when a positive trade moves in to negative territory shortly before the binary options expire. It can also be used when a trade is beyond repair and cutting the losses of these options allow the trading capital to be invested elsewhere.

Using the rollover tool

Another feature which can be very useful as another powerful tool to binary options traders is the Rollover feature. This is perhaps most effectively employed by those with some experience of trading with the idea being that it allows the expiry of the options to be extended. Unfortunately, this is not a free tool and requires an additional investment on top of the original which can push losses much higher than the original trade would have incurred. However, for those trades which still appear to be strong, yet are likely to end up negative without extending the options this tool can potentially turn losses in to profits. A reasonable degree of confidence is required to extend the options but, if the criteria for the binary options trading strategy is still relevant, this tool can allow critical flexibility in the timing of the trade.

Hedging in order to lower trading risk

Finally, a tool which is not promoted directly by binary options platforms, but which is available to all traders, is the ability to hedge a trade. This feature is unique to binary options and allows traders to have more than one position open at any one time. The rationale for this technique is to limit risk when taking high-probability trades such as break-outs. The hedged position can effectively neutralise the risk should the trade appear to fail. This way, traders can let the profitable trades run whilst those which may threaten to reverse can be neutralised relatively easily.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Broker!
    Perfect for beginners!
    Free Demo Account! Free Trading Education!

  • Binomo

    Only for experienced traders!

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