I am an unseasoned trader. I have found myself in hot water with two short positions. I am short 400 shares of Overture (OVER) at an average of say 29 (closed @ 32.50 Friday) and short 1000 shares of Rambus (RMBS) at an average cost of say 7.20 (closed at 7.50 Friday). I believe in the positions I've taken but the market is rallying against me. I let solid research suggesting unsustainable price but also feelings and ego to overcome prudence and did not cover when the loss was more manageable. Without asking traders here to waste time looking at the actual prices for options on my two stocks, I wonder if there is a generally accepted approach among option traders facing a like situation with underlying stock that is against them to add some measure of insurance against further deterioration. The drawdown would be little over 1K just to cover my way out which I am certainly willing to do and have planned for in my education. I'm curious though what the options trader's guidance would be in fighting back when you are the last man standing that thinks you are right. Thank you. Geo.