End at playhead?

I'm looking for another tool and can't find anything like it.  There's a handy way to align the beginning of an element to the playhead but is there any way to cut an element at the playhead as well.  Everything I import runs to the end of my project but I would love to be able to set my playhead at an endpoint, click the drop down and have the picture or whatever be cut at the playhead position.  It would save a lot of running to the end of the project and sliding the element all the way to the beginning.

Is there anything like this?

Jay

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