Mike & Nick walk through the portfolio to look for adjustments. They don't find any, so they discuss potential rolls in ROKU and explain how they can really do anything when rolling out in time, since they have no intrinsic value. They talk about their potential to go wider and still collect a credit rolling out in time, because they're just shifting extrinsic value from the front month to the back.
They can choose many strikes to achieve this, the extrinsic value in the back month just has to be higher than the extrinsic value they're buying back in the front month.
Tune in for a great discussion!