When we sell premium, there are three ways we can make money: direction, time, or. In other words, we generate profits from delta, theta, or vega. However, the certainty and reliability of each of these different sources is not symmetric. The passage of than a stock’s price movement. Thus, when we are , we should keep this hierarchy in mind. Mike, from Everyday Trader, joins the discussion to highlight some of the subtler nuances of these three profit dimensions.