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Glossary · Risk Management & Defense · B

All terms

Buy to close (BTC) in plain English.

Buying back the put you originally sold, ending that obligation. You pay whatever the put is now worth.

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Track

Risk Management & Defense

13 terms in this track

Taught in

Rolling a tested put for a credit

In the index

14 of 100

Filed under B

Connections

8

Related terms mapped below

01

The idea, in context

How to read the picture above and where the Academy teaches it.

Reading the illustration

The wheel’s four stops: premium is collected at the gold stops, shares change hands at the others.

In French: Racheter pour clôturer (BTC)

Where it’s taught

Risk Management & Defense

Rolling a tested put for a credit

“Rolling a tested put for a credit” introduces this term with worked examples, a quiz and the trades around it. The Academy is part of the YieldCove membership.

About the AcademyOpen the lesson (members)

02

8 terms around this one — the words its definition uses, its lesson siblings and the terms that build on it.

  • Used in this definition
  • Same lesson
  • Builds on this term
  • Same track

03

Where to go next

Understand it, try it with real numbers, then track it for free.

GlossaryLook up any termPlain-English definitions with illustrations and the lesson behind each one.Open the glossaryFree toolWheel calculatorPrice a put, a covered call, a roll or a full cycle — payoff, odds and Greeks.Open the calculatorAcademyLearn the wheel properlyA structured course from first option to expert playbook, with quizzes and worked trades.Explore the AcademyFree accountTrack your wheel for freeLog trades, follow assignments and rolls, and see your real income — no card needed.Create a free account

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