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Subject:  Trades you can make - Jim 4/15/11 Date:  4/17/2011  2:15 PM
Author:  LWINNEN Number:  46 of 68

I am confused and in need of help.

I was going over the Talking Shop with Stock Advisor dated 4/15/11. In the Trades you can make - Jim. He says:

Guess (NYSE: GES): Set up a stock repair (yes, you can do this even if you're new to a trade) by buying shares and the June 2011 $40 calls, then writing both the June 2011 $42 and $43 puts. Aim for a total net debit of $38 or below states:

I participated in the original stock repair and I checked to make sure I had done it correctly and I notice I had calls instead of puts. So I went back to the original stock repair on Guess dated 3/21/11. It said this:

Trade: Buy ("buy to open") one June 2011 $40 call, then write (“sell to open”) one June 2011 $42 call and one June 2011 $43 call.
Allocation: For every 100 shares of Guess you own, buy one June 2011 $40 call and write one June 2011 $42 call and June 2011 $43 call.

This is what in did. Should I now close and calls and write puts?
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