Everyone has heard the old Wall Street maxim, cut your losses short and let your profits run (wild hopefully). But as Rick Ackerman so aptly illustrates, that won't work very well with options and in today's manipulated markets. You need to take profits early, have preset exit points and you should always retain a small position to make a killing on the huge moves. Using this strategy last week paid major dividends for Rick's subscribers who traded options on the VIXX, Amazon and Boeing just to name a few. Rick has a Facebook get-together every Friday. Just click here and find out more!