I received a sizeable amount as a bonus in the form of European-style call warrants. Because I don't fully understand every aspect of them and because the underlying security is one I have no faith in long-term I want to eliminate that position entirely. I don't mind spreading the sale out over a long period of time, but given that the golden rule of investing seems to be to immediately sell anything you wouldn't buy, I'm not sure how to time this.
It appears that this is popular bonus scheme that a lot of companies in my neck of the wood sign up for which means that at the time these warrants are vested, which is the same for everyone, their value takes a sharp nose dive as a lot of people sell. Which means selling immediately is out as well.
This question is similar to quite a few others on here about timing a sale or reducing a position, but most of the advice given elsewhere isn't all that relevant. Taxes don't enter the equation, I never wanted to buy into the position in the first place and I'm under no time pressure to sell.
Ultimately I'm just planning to sell portions over time as if I'm using dollar cost averaging to minimise the risk of mistiming the sale. But this could be my risk-aversion talking. Am I approaching this wrong or is spreading out sales the safest strategy?