Roll Back
When an investor replaces an old options position with new one having an earlier expiration date (and the same strike price).

Investopedia Says:
This is sometimes referred to as a roll backward.

Related Terms:
Expiration Date
Option
Roll Forward
Roll Up

• Prudent-Person Rule
• P To P (Peer To Peer) or (Path To Profitability)
• P To P (Peer To Peer) or (Path To Profitability)
• Public
• Public Book (Of Orders)
• Public Company
• Public Company Accounting Oversight Board (PCAOB)
• Public Company Accounting Oversight Board (PCAOB)
• Public Elevator
• Public Income Notes (PINES)
• Public Income Notes (PINES)
• Publicly Traded Partnership
• Public Offering
• Public Offering Price (POP)
• Public Offering Price (POP)
• Public Sector Net Borrowing
• Public Securities Association Standard Prepayment Model (PSA)
• Public Securities Association Standard Prepayment Model (PSA)
• Public Unit Account
• Puke
• Pullback
• Pump And Dump
• Punter
• Purchase Acquisition
• Purchase and Resale Agreements (PRAs)