Sulja Bros. Building Supplies, Ltd (SLJB)

[eelfland]

You could buy puts and/or sell calls against your stock, if they're available, and it would amount to much the same thing, but to temporarily neutralize your position, selling short "against the box" is a handy tool to have in the shed. The only problems are that you have to pay interest on the value of the borrowed shares, and you have to reimburse any dividends that accrue to the shorted shares. But the dividends are a wash, since you own offsetting shares. Still, it costs money to be short, in any form, and is not usually a good idea, unless there are special circumstances, and it's only short-term.