Portfolio — live-active-by-symbol-2026-04-03

Theta Concentration

Daily time decay accrual by underlying and expiration. Sorted by row total descending. Grand total = portfolio theta.

Symbol	Apr 17, 26	Apr 24, 26	May 1, 26	May 8, 26	May 15, 26	Total
MSFT			4.353			4.353
MRNA	3.827					3.827
STZ	3.657					3.657
WFC		3.359				3.359
UNH			2.871			2.871
WMT		2.716				2.716
TSM			2.415			2.415
AAPL	2.339					2.339
AMD		2.248				2.248
GOOGL			1.970			1.970
NFLX			1.905			1.905
ORCL			1.883			1.883
INTC			1.643			1.643
HOOD				1.633		1.633
RKLB					1.572	1.572
PDD					1.572	1.572
AMZN			1.484			1.484
IWM			1.464			1.464
MSTR				1.421		1.421
NOW					1.403	1.403
PLTR				1.372		1.372
UBER					1.273	1.273
BA					1.217	1.217
COIN					1.188	1.188
CRWV					1.014	1.014
CRM					0.981	0.981
CSCO					0.857	0.857
XOM					0.570	0.570
ASTS					0.340	0.340
TOTAL	9.823	8.322	19.988	4.426	11.986	54.544

Delta Concentration — Directional Exposure

Net directional exposure by underlying and expiration. Bull Put spreads are positive delta, Bear Call spreads are negative. Sorted most positive first.

Symbol	Apr 17, 26	Apr 24, 26	May 1, 26	May 8, 26	May 15, 26	Total
MRNA	16.338					16.338
XOM					8.587	8.587
CSCO					7.814	7.814
INTC			6.956			6.956
ORCL			5.626			5.626
RKLB					5.310	5.310
AAPL	4.615					4.615
GOOGL			4.529			4.529
AMZN			4.424			4.424
IWM			4.082			4.082
CRM					3.952	3.952
PLTR				3.880		3.880
COIN					2.553	2.553
TSM			-3.479			-3.479
ASTS					-3.524	-3.524
MSTR				-3.751		-3.751
UNH			-3.805			-3.805
NOW					-5.046	-5.046
BA					-5.710	-5.710
AMD		-6.540				-6.540
CRWV					-6.716	-6.716
STZ	-7.050					-7.050
MSFT			-7.930			-7.930
PDD					-8.202	-8.202
UBER					-9.283	-9.283
HOOD				-9.481		-9.481
NFLX			-15.389			-15.389
WMT		-21.895				-21.895
WFC		-22.318				-22.318
TOTAL	13.902	-50.752	-4.985	-9.352	-10.265	-61.452

Gamma Concentration — Convexity Risk

All values are negative (credit spreads are short gamma). More red = more exposure to large moves in either direction. Sorted by row total ascending (most exposed first).

Symbol	Apr 17, 26	Apr 24, 26	May 1, 26	May 8, 26	May 15, 26	Total
MRNA	-2.384					-2.384
WMT		-2.265				-2.265
WFC		-1.937				-1.937
UBER					-1.043	-1.043
CSCO					-1.013	-1.013
INTC			-0.954			-0.954
HOOD				-0.834		-0.834
PDD					-0.834	-0.834
NFLX			-0.715			-0.715
STZ	-0.596					-0.596
AAPL	-0.477					-0.477
AMD		-0.477				-0.477
CRWV					-0.477	-0.477
TSM			-0.477			-0.477
IWM			-0.358			-0.358
RKLB					-0.358	-0.358
NOW					-0.298	-0.298
CRM					-0.238	-0.238
PLTR				-0.238		-0.238
MSTR				-0.119		-0.119
ORCL			-0.119			-0.119
ASTS					0.000	0.000
GOOGL			0.000			0.000
MSFT			0.000			0.000
UNH			0.000			0.000
AMZN			0.238			0.238
XOM					0.238	0.238
BA					0.477	0.477
COIN					0.477	0.477
TOTAL	-3.457	-4.679	-2.384	-1.192	-3.070	-14.782

Vega Concentration — Short Volatility Risk

All values are negative (short premium = short vega). Sorted by row total ascending (most exposed first). Grand total = how much the book loses per 1% rise in IV across all positions.

Symbol	Apr 17, 26	Apr 24, 26	May 1, 26	May 8, 26	May 15, 26	Total
MSFT			-6.245			-6.245
WMT		-4.621				-4.621
PDD					-3.198	-3.198
WFC		-3.121				-3.121
IWM			-3.085			-3.085
GOOGL			-2.882			-2.882
UNH			-2.853			-2.853
AAPL	-2.828					-2.828
TSM			-2.618			-2.618
CRM					-2.462	-2.462
CSCO					-2.422	-2.422
UBER					-2.414	-2.414
XOM					-2.343	-2.343
STZ	-2.291					-2.291
AMZN			-2.291			-2.291
BA					-2.256	-2.256
ORCL			-2.169			-2.169
NFLX			-2.137			-2.137
NOW					-2.086	-2.086
PLTR				-1.835		-1.835
AMD		-1.620				-1.620
MRNA	-1.584					-1.584
COIN					-1.532	-1.532
HOOD				-1.505		-1.505
RKLB					-1.473	-1.473
MSTR				-1.359		-1.359
INTC			-1.336			-1.336
CRWV					-0.753	-0.753
ASTS					-0.519	-0.519
TOTAL	-6.703	-9.362	-25.615	-4.699	-21.458	-67.836

Theta / |Gamma| Quality

Daily time decay collected per unit of convexity risk. Higher = better compensated. Sorted best → worst.

Symbol	Expiry	Position	Θ / \|Γ\|
ORCL	May 1, 26	ORCL May 1st 125/130 Bull Put Spread	15.799
MSTR	May 8, 26	MSTR May 8th 150/155 Bear Call Spread	11.918
AMZN	May 1, 26	AMZN May 1st 185/190 Bull Put Spread	6.223
STZ	Apr 17, 26	STZ Apr 17th 165/170 Bear Call Spread	6.135
PLTR	May 8, 26	PLTR May 8th 120/125 Bull Put Spread	5.755
TSM	May 1, 26	TSM May 1st 375/380 Bear Call Spread	5.064
AAPL	Apr 17, 26	AAPL Apr 17th 235/240 Bull Put Spread	4.904
AMD	Apr 24, 26	AMD Apr 24th 230/235 Bear Call Spread	4.714
NOW	May 15, 26	NOW May 15th 128/135 Bear Call Spread	4.707
RKLB	May 15, 26	RKLB May 15th 45/50 Bull Put Spread	4.397
CRM	May 15, 26	CRM May 15th 160/165 Bull Put Spread	4.114
IWM	May 1, 26	IWM May 1st 225/230 Bull Put Spread	4.094
NFLX	May 1, 26	NFLX May 1st 103/108 Bear Call Spread	2.664
BA	May 15, 26	BA May 15th 225/230 Bear Call Spread	2.551
COIN	May 15, 26	COIN May 15th 130/135 Bull Put Spread	2.491
XOM	May 15, 26	XOM May 15th 150/155 Bull Put Spread	2.393
CRWV	May 15, 26	CRWV May 15th 95/100 Bear Call Spread	2.126
HOOD	May 8, 26	HOOD May 8th 80/85 Bear Call Spread	1.957
PDD	May 15, 26	PDD May 15th 115/120 Bear Call Spread	1.884
WFC	Apr 24, 26	WFC Apr 24th 84/89 Bear Call Spread	1.734
INTC	May 1, 26	INTC May 1st 35/40 Bull Put Spread	1.723
MRNA	Apr 17, 26	MRNA Apr 17th 40/45 Bull Put Spread	1.605
UBER	May 15, 26	UBER May 15th 82.5/87.5 Bear Call Spread	1.220
WMT	Apr 24, 26	WMT Apr 24th 129/135 Bear Call Spread	1.199
CSCO	May 15, 26	CSCO May 15th 65/70 Bull Put Spread	0.846
ASTS	May 15, 26	ASTS May 15th 115/120 Bear Call Spread	—
GOOGL	May 1, 26	GOOGL May 1st 270/275 Bull Put Spread	—
MSFT	May 1, 26	MSFT May 1st 400/410 Bear Call Spread	—
UNH	May 1, 26	UNH May 1st 315/320 Bear Call Spread	—

Theta / |Vega| Quality

Daily time decay collected per unit of volatility exposure. Higher = better compensated for a vol spike. Sorted best → worst.

Symbol	Expiry	Position	Θ / \|V\|
MRNA	Apr 17, 26	MRNA Apr 17th 40/45 Bull Put Spread	2.416
STZ	Apr 17, 26	STZ Apr 17th 165/170 Bear Call Spread	1.596
AMD	Apr 24, 26	AMD Apr 24th 230/235 Bear Call Spread	1.387
CRWV	May 15, 26	CRWV May 15th 95/100 Bear Call Spread	1.347
INTC	May 1, 26	INTC May 1st 35/40 Bull Put Spread	1.230
HOOD	May 8, 26	HOOD May 8th 80/85 Bear Call Spread	1.085
WFC	Apr 24, 26	WFC Apr 24th 84/89 Bear Call Spread	1.076
RKLB	May 15, 26	RKLB May 15th 45/50 Bull Put Spread	1.068
MSTR	May 8, 26	MSTR May 8th 150/155 Bear Call Spread	1.045
UNH	May 1, 26	UNH May 1st 315/320 Bear Call Spread	1.007
TSM	May 1, 26	TSM May 1st 375/380 Bear Call Spread	0.922
NFLX	May 1, 26	NFLX May 1st 103/108 Bear Call Spread	0.892
ORCL	May 1, 26	ORCL May 1st 125/130 Bull Put Spread	0.868
AAPL	Apr 17, 26	AAPL Apr 17th 235/240 Bull Put Spread	0.827
COIN	May 15, 26	COIN May 15th 130/135 Bull Put Spread	0.775
PLTR	May 8, 26	PLTR May 8th 120/125 Bull Put Spread	0.748
MSFT	May 1, 26	MSFT May 1st 400/410 Bear Call Spread	0.697
GOOGL	May 1, 26	GOOGL May 1st 270/275 Bull Put Spread	0.683
NOW	May 15, 26	NOW May 15th 128/135 Bear Call Spread	0.672
ASTS	May 15, 26	ASTS May 15th 115/120 Bear Call Spread	0.655
AMZN	May 1, 26	AMZN May 1st 185/190 Bull Put Spread	0.648
WMT	Apr 24, 26	WMT Apr 24th 129/135 Bear Call Spread	0.588
BA	May 15, 26	BA May 15th 225/230 Bear Call Spread	0.539
UBER	May 15, 26	UBER May 15th 82.5/87.5 Bear Call Spread	0.527
PDD	May 15, 26	PDD May 15th 115/120 Bear Call Spread	0.491
IWM	May 1, 26	IWM May 1st 225/230 Bull Put Spread	0.475
CRM	May 15, 26	CRM May 15th 160/165 Bull Put Spread	0.398
CSCO	May 15, 26	CSCO May 15th 65/70 Bull Put Spread	0.354
XOM	May 15, 26	XOM May 15th 150/155 Bull Put Spread	0.244

Position Scorecard

Each column normalized independently. Grouped by expiration, sorted by Theta within each group.

Symbol	Type	Expiry	Chance	Credit	Max Profit	Max Loss	EV	Θ Theta	Vega	Γ Gamma	IV	Θ/\|Γ\|	Θ/\|V\|	Return
MRNA	Bull Put	Apr 17, 26	76.7%	$65	$65	$435	-$51	3.827	-1.584	-2.3842	77.4%	1.61	2.42	-25.4%
STZ	Bear Call	Apr 17, 26	85.5%	$60	$60	$440	-$13	3.657	-2.291	-0.5960	44.8%	6.14	1.60	8.3%
AAPL	Bull Put	Apr 17, 26	86.0%	$61	$61	$439	-$9	2.339	-2.828	-0.4768	32.4%	4.90	0.83	36.9%

WFC	Bear Call	Apr 24, 26	70.6%	$60	$60	$440	-$87	3.359	-3.121	-1.9372	36.1%	1.73	1.08	-107.5%
WMT	Bear Call	Apr 24, 26	68.9%	$66	$66	$534	-$121	2.716	-4.621	-2.2650	24.7%	1.20	0.59	-78.0%
AMD	Bear Call	Apr 24, 26	68.5%	$65	$65	$436	-$93	2.248	-1.620	-0.4768	50.0%	4.71	1.39	-124.8%

MSFT	Bear Call	May 1, 26	76.9%	$130	$130	$870	-$101	4.353	-6.245	0.0000	34.6%	—	0.70	-57.7%
UNH	Bear Call	May 1, 26	84.0%	$59	$59	$441	-$21	2.871	-2.853	0.0000	45.9%	—	1.01	-54.2%
TSM	Bear Call	May 1, 26	80.5%	$75	$75	$425	-$22	2.415	-2.618	-0.4768	43.7%	5.06	0.92	-36.7%
GOOGL	Bull Put	May 1, 26	73.9%	$86	$86	$414	-$44	1.970	-2.882	0.0000	42.5%	—	0.68	-42.4%
NFLX	Bear Call	May 1, 26	66.8%	$64	$64	$436	-$102	1.905	-2.137	-0.7153	40.4%	2.66	0.89	-126.6%
ORCL	Bull Put	May 1, 26	80.6%	$84	$84	$416	-$13	1.883	-2.169	-0.1192	58.2%	15.80	0.87	-8.3%
INTC	Bull Put	May 1, 26	88.6%	$72	$72	$428	$15	1.643	-1.336	-0.9537	83.7%	1.72	1.23	38.9%
AMZN	Bull Put	May 1, 26	77.5%	$81	$81	$420	-$32	1.484	-2.291	0.2384	50.4%	6.22	0.65	-6.2%
IWM	Bull Put	May 1, 26	84.2%	$74	$74	$426	-$5	1.464	-3.085	-0.3576	35.5%	4.09	0.47	20.3%

HOOD	Bear Call	May 8, 26	77.4%	$70	$70	$430	-$43	1.633	-1.505	-0.8345	66.7%	1.96	1.08	-35.0%
MSTR	Bear Call	May 8, 26	85.0%	$72	$72	$428	-$3	1.421	-1.359	-0.1192	70.4%	11.92	1.05	18.8%
PLTR	Bull Put	May 8, 26	81.1%	$84	$84	$416	-$11	1.372	-1.835	-0.2384	68.3%	5.76	0.75	7.1%

RKLB	Bull Put	May 15, 26	85.0%	$104	$104	$396	$29	1.572	-1.473	-0.3576	101.5%	4.40	1.07	21.1%
PDD	Bear Call	May 15, 26	86.0%	$55	$55	$446	-$15	1.572	-3.198	-0.8345	35.9%	1.88	0.49	-11.9%
NOW	Bear Call	May 15, 26	87.2%	$84	$84	$616	-$5	1.403	-2.086	-0.2980	56.6%	4.71	0.67	37.5%
UBER	Bear Call	May 15, 26	83.2%	$56	$56	$445	-$28	1.273	-2.414	-1.0431	41.8%	1.22	0.53	-0.9%
BA	Bear Call	May 15, 26	72.6%	$56	$56	$444	-$81	1.217	-2.256	0.4768	39.3%	2.55	0.54	-123.2%
COIN	Bull Put	May 15, 26	80.2%	$83	$83	$417	-$16	1.188	-1.532	0.4768	87.1%	2.49	0.78	-2.4%
CRWV	Bear Call	May 15, 26	68.9%	$60	$60	$440	-$96	1.014	-0.753	-0.4768	88.3%	2.13	1.35	-125.0%
CRM	Bull Put	May 15, 26	81.9%	$86	$86	$414	-$5	0.981	-2.462	-0.2384	47.5%	4.11	0.40	13.4%
CSCO	Bull Put	May 15, 26	87.5%	$56	$56	$444	-$6	0.857	-2.422	-1.0133	43.2%	0.85	0.35	11.6%
XOM	Bull Put	May 15, 26	63.2%	$68	$68	$432	-$116	0.570	-2.343	0.2384	37.4%	2.39	0.24	-116.9%
ASTS	Bear Call	May 15, 26	73.1%	$66	$66	$434	-$68	0.340	-0.519	0.0000	105.7%	—	0.65	-9.8%

TOTAL / AVG			78.7% avg	$2100	$2100	$13200	-$1164	54.544	-67.836	-14.7820	54.8% avg	3.69	25.26	-879.2%

Column guide — EV & Greeks

EV: Binary-outcome expected value: Chance × Max Profit − (1 − Chance) × Max Loss. Treats the trade as either expiring fully worthless (max profit) or reaching max loss — nothing in between. Negative EV is normal and expected for credit spreads: max loss is typically 4–10× max profit, so even an 80% winner produces a negative number. Use EV as a relative ranking across positions, not as an absolute signal. A less-negative EV means the risk/reward ratio is better for a given probability.
Θ Theta: Daily time decay in dollars. Positive means the position earns money each day that passes with everything else held constant. Credit spreads are short premium, so theta is always positive — you are the one collecting the decay. The Theta Concentration section at the top of this page shows how this is distributed across underlyings and expirations.
Vega: Dollar change in position value per 1% rise in implied volatility (IV). Negative for all credit spreads — you sold premium, so a spike in IV increases the value of what you owe and hurts you. The magnitude tells you how exposed a position is to a volatility event. The Vega Concentration section shows this aggregated across the book.
Γ Gamma: Rate of change of delta per $1 move in the underlying. Negative for credit spreads — a large move in either direction increases your directional exposure in the wrong direction (losses accelerate as the underlying moves against you). Near-expiry, at-the-money positions carry the most gamma risk.
IV: Implied volatility of the underlying at the time the position was entered. Higher IV at entry means you collected more premium relative to the width of the spread — generally a more favourable entry environment for credit strategies. Not updated in real time; it reflects the entry conditions.
Θ / |Γ|: Quality ratio: how much daily theta you earn per unit of gamma risk. Higher is better — the position is well compensated for the convexity exposure it carries. Useful for comparing two positions with similar probability profiles but different risk/reward dynamics. Positions with gamma = 0 (deep in- or out-of-the-money, no convexity) are excluded from ranking.
Θ / |V|: How much daily theta you earn per dollar lost if implied volatility rises by 1%. Higher is better — the position is well compensated for its volatility exposure. Low values identify positions that are cheapest to close into a vol spike: you are earning little time decay relative to how much a sustained IV expansion would hurt you. Complements Θ/|Γ| — gamma risk is acute and move-driven, vega risk is broader and regime-driven. A position can score well on one and poorly on the other.
Return: Current mark-to-market return on the position as a percentage of max profit. 100% means the spread has expired worthless and you kept all the premium. Negative means the position is currently at a loss relative to entry. Colour is diverging: green for positive return, red for negative.