Multi-leg strategies
What are the mechanics of rolling the untested side of an Iron Condor to collect additional premium credit?
By Easy Money Scanner · Educational reference · Not investment advice
The short answer
Rolling the untested side means closing the current short spread on the side still far from price and reopening it closer to current price to collect additional credit.
How it works
This increases total premium collected and can improve breakeven points, but it also pulls that side's strikes closer to price, raising the probability that side will later be tested too.
An example
If the stock rallies and the put spread is unchallenged, a trader buys back the original put spread and sells a new one closer to the current price for extra credit.
Risk & limitations
Rolling for credit increases risk on the rolled side and can turn a previously safe position into one with elevated breach probability if the underlying reverses direction.
Examples are hypothetical, not trade recommendations. US contract and regulatory references do not automatically apply in Canada. Rules, margin requirements and broker policies can change; confirm them with the relevant authority and your broker.