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From the 11-10/11 Alert:
"...A stock repair out of the gate. Buy the stock and, for each 100 shares purchased, buy to open one March 2012 $25 call and sell to open twoMarch 2012 $30 calls. This requires a higher initial net debit (aim for $27.50 or below) but provides greater profit potential if the stock rises significantly by expiration"

I was assigned RRGB at $35 a while ago and now it has been sitting staring at me with a significant loss. Can I assume that the stock repair can be used on this as well? I am not sure because the guidance for stock repair is to use it only when the loss is no more than 20%.

Please confirm or suggest an alternative.

Thank you
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