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Stocks G / Guess ?, Inc.
|Subject: Trades you can make - Jim 4/15/11||Date: 4/17/2011 2:15 PM|
|Author: LWINNEN||Number: 46 of 55|
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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