Nov 10 2020 30 mins 9
With the Nasdaq falling today, the Short Call Spread that we put on in FB less than one week ago has now already surpassed our 50% of max profit target. This result highlights the simple fact that of the [three sources to option profitability,](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/three-paths-to-profit-07-29-2019 ) delta will always overshadow both theta and vega in the early stages of a new position. As a result, if you have a directional position on and you are correct with that bias, you can expect to be able to [manage that winner quickly.](https://www.tastytrade.com/tt/shows/from-theory-to-practice/episodes/portfolio-tactics-managing-winners-and-managing-early-long-term-performance-09-26-2018 )
