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Finance Dictionary and Glossary of Investment Terms
To move to an option position with a higher exercise price. In venture capital, refers to the venture capitalist forcing small firms to merge operations in order to reduce costs
Close out one option position and open another one of the same class but a higher strike price.
1. The move from one option position to another with a higher exercise price. 2. In the context of venture capital, when a VC forces small companies to merge in order to reduce costs.