It provides education and encourages discipline, both of which are good for investors and the markets.' 'Our new Strategy Roller helps option traders walk through that process. What are your goals? What is your time horizon? How much risk are you willing to take?' Quirk continued. 'We want to encourage investors, traders and advisors, regardless of the product they are trading, to consider the whole picture. This version of the tool allows advisors to create alerts, again based upon user-defined settings, to help them more easily manage their clients' covered call positions. Initially, the Strategy Roller will be usable for covered calls, with additional functionality coming in the next couple months.Īdditionally, a version of the Strategy Roller is now available within the thinkpipes® platform for independent registered investment advisors (RIAs).

The Strategy Roller shows traders how specific actions might affect their overall strategy, which can help them better understand the potential impact of their trading decisions. The tool is designed to be intuitive and easier to use for traders who are new to complex order entry and management. 'We developed Strategy Roller to help our clients think more holistically about position management and to embrace technology and automation to encourage discipline.'

'Options use among retail investors continues to grow, and at TD Ameritrade, voted among the Best for Options Traders by Barron's,1 we are constantly developing new ways to help our clients trade them in an educated, strategic way from the start,' said Steve Quirk, senior vice president of TD Ameritrade's trader group.

The new feature allows retail traders to roll their existing option positions automatically, based upon user-defined settings chosen by the trader.

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