Can I Extend the Expiration Date of My Options Contract?

No, you cannot extend the expiration date of an options contract on Pluang. Every options contract you buy or sell has a fixed expiration date set by the exchange when that contract series is listed, and this date cannot be changed, postponed, or renewed once you hold the contract — it is a built-in feature of the contract itself, not a setting inside the Pluang app. If you want to keep similar market exposure for a longer period, you must independently open a new options contract on the same underlying asset with a later expiration date — commonly called "rolling" a position. You can keep the same strike price or choose a different one for the new contract. Because this is a separate transaction, the new contract carries its own premium and, for short positions, its own margin/collateral requirement — it is not linked to or extended from your original, expiring contract in any way.

• Why the rule exists: Expiration dates are set by the exchange when a contract series is created and recorded through Pluang's licensed derivatives infrastructure (PT PG Berjangka, supervised by OJK; transactions recorded via JFX and cleared via KBI). Pluang cannot modify the terms of an already-listed contract, so no in-app "extend" action exists.
• What "rolling" actually involves: two separate actions, not one — letting your current contract run its course (or closing it), then placing a brand-new order for a longer-dated contract. There is no combined "extend" order type; you are simply buying or selling a different, independent contract.
• Timing matters on expiry day itself: Pluang force-closes any open position on an expiring contract approximately 1 hour before market close on its expiration day, rather than letting it run to a passive settlement afterward. If you intend to roll into a new contract, place that new order before this force-close window — not after, since the original position will already be closed by then.
• Strike price is your choice: the new, later-dated contract does not have to match your original strike price. You can keep it the same or pick a different one based on where you expect the underlying asset's price to move by the new expiration date.

Related questions:

Q: What happens to my current contract if I don't roll it before expiry?
If you take no action, your existing contract simply runs to its already-fixed expiration date. Pluang force-closes any open position on that contract roughly 1 hour before market close on expiry day, rather than leaving it to settle passively afterward. You are not automatically moved into a new, longer-dated contract — expiration is fixed and there is no auto-extension. Once expiry passes, that specific contract no longer exists in your portfolio, and regaining similar exposure requires placing a fresh order for a new, separately listed contract series.

Q: Can I choose a different strike price when opening the new, longer-dated contract?
Yes. When you roll into a new contract, its strike price is your own independent choice — it does not need to match your original contract. You can keep the same strike, move it up or down, or select an entirely different one depending on your outlook for the underlying asset ahead of the new expiration date. Because the new contract is a separate purchase, its premium reflects its own strike, expiry, and prevailing market conditions at the time you place the order.

Q: Is rolling my position the same as exercising my option early?
No, these are two different actions. Exercising uses your current contract's right to buy or sell the underlying asset, and since Pluang's options are American-style, you can exercise at any point before expiry, not only on the expiration date itself. Rolling means opening a separate, later-dated contract instead of exercising or holding the current one to expiry. You can roll a position without ever exercising it, and exercising a contract does not automatically create a new one for you.

Q: Does my current premium or margin carry over to the new contract?
No, nothing carries over between contracts. Each options contract on Pluang is priced and margined independently, so a new, longer-dated contract has its own premium based on its own strike price, expiry, and market conditions at the time you buy or sell it. If you hold a short position with collateral set aside, that collateral is only released once the original contract closes or expires — it does not automatically transfer to secure a new contract you open separately.