cashed in his chips

[Kati Svaby]

English Language Tests, Intermediate level

ESL/EFL Test #316 "English Slang Idioms (37)", question 3

Everyone told him that the stock market would crash soon and that he should sell his stock. Now it had crashed, and he was broke. He should have cashed in his ......... last week.

(a) hand
(b) paper
(c) position
(d) chips

English Language Tests, Intermediate level

ESL/EFL Test #316 "English Slang Idioms (37)", answer 3

Everyone told him that the stock market would crash soon and that he should sell his stock. Now it had crashed, and he was broke. He should have cashed in his chips last week.

Correct answer: (d) chips
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Now it had crashed, and he was broke. He should have cashed in his chips last week.
In the first sentence is mentioned the stock market/stock exchange so the chips can be his stock or his shares.Am I right?
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We always deceive ourselves twice about the people we love - first to their advantage, then to their disadvantage.

[Beeesneees]

yes.
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Cheers m' dears!