We have 4 short positions on 2200 PE. CMP (futures) SBI is at 2196. Cover all 4 short positions of SBI 2200 PE at CMP of Rs 53.90. Short 6 Puts of 2150 AT CMP 33, and Short 1 Call of 2300 at Rs 16.20. Extra Margin required is around Rs 117500. We still have a cushion of around RS 50000. Next action on the downside at 2150.