Now suppose I have 125 SBI , and I shorted a 2400 call @29/- , if on 29/03/2012 value of SBI remains within 2429/-, then only i will get profit, otherwise I have to face loss though value of my stock holding will increase , for e.g if the value of SBI becomes 2500/-( suppose for rate cut and market friendly budget if at all happened)we have to face loss of rs.8860/-, now my question is how to protect my self from such loss , should I unwind my 2400 call and go for fresh short of 2500 call or 2600 call or I should go for shorting 2000 put along with shorting 2400 call which not only enhance my profit but also reduce my loss if SBI goes beyond 2500/-.