The document proposes a stock repair strategy to hedge losses from buying a stock at a high price that subsequently declines. The strategy involves buying a call option on the stock at its current low price and selling two call options at a higher strike price between the current and original purchase price. Using Royal Dutch Shell (RDS-A) as an example, the strategy is modeled in spreadsheets using the Black-Scholes options pricing model. The analysis shows the strategy would have outperformed simply holding the declining stock by recovering losses more quickly over the same time period.