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YOU PURCHASED 1 0 0 0 SHARES OF XYZ AT $ 9 1 EACH. NOW THE STOCK IS SELLING FOR $ 7 5 . YOU

YOU PURCHASED 1000 SHARES OF XYZ AT $91 EACH. NOW THE STOCK IS SELLING FOR $75. YOU DO EXPECT SOME RECOVERY IN THE STOCK BUT NOT ALL THE WAY. WHAT DO YOU DO TO "REPAIR" THIS POSITION IF THE FOLLOWING CALL OPTIONS ARE AVAILABLE: MAR 75 @ $ 1/2 MAR 85 @ $ 1/4 COMPARE THE RESULTS OF THE "REPAIRED" AND "UNREPAIRED" POSITIONS.

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