In the context of derivatives trading, risk management is crucial for maintaining a balanced portfolio. Consider a scenario where a trader holds a short position in a call option on stock XYZ with a strike price of $50. The current market price of XYZ is $55, and the option has a delta of 0.6. The trader is concerned about the potential risks associated with this position and is contemplating various strategies to mitigate them.

Which of the following risks is most directly associated with the option position described above?