I just made that up.
Or I heard or read it somewhere some time between 20 years ago and 10 minutes ago.
Anyway, that sort of describes what I did this morning, selling my April CRZO and FLT calls, +84% and +52% respectively. I didn't want to see my gains evaporate with the window closing on expiration. And, if they go down, I get a better entry point for the next round.
GOOG hit the trailing stop, -1.17%.
I tried to sell my DCIX and buy more SMS, but neither worked out.
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