Portfolio — live-active-by-symbol-2026-04-06

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			4.906			4.906
MRNA	4.422					4.422
WMT		3.924				3.924
WFC		3.470				3.470
STZ	3.409					3.409
AAPL	2.605					2.605
ORCL			2.335			2.335
AMD		2.121				2.121
UNH			1.976			1.976
RKLB					1.847	1.847
NFLX			1.788			1.788
INTC			1.698			1.698
GOOGL			1.658			1.658
HOOD				1.633		1.633
AMZN			1.628			1.628
IWM			1.621			1.621
PLTR				1.542		1.542
NOW					1.534	1.534
MSTR				1.469		1.469
BA					1.379	1.379
COIN					1.315	1.315
UBER					1.285	1.285
TSM			1.162			1.162
PDD					1.159	1.159
CRM					1.124	1.124
CRWV					1.099	1.099
XOM					0.934	0.934
CSCO					0.874	0.874
ASTS					0.659	0.659
TOTAL	10.437	9.515	18.770	4.644	13.210	56.577

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	15.709					15.709
XOM					8.842	8.842
CSCO					7.410	7.410
ORCL			6.333			6.333
INTC			6.114			6.114
RKLB					5.178	5.178
CRM					4.185	4.185
IWM			4.154			4.154
GOOGL			4.060			4.060
AMZN			3.976			3.976
PLTR				3.920		3.920
AAPL	3.127					3.127
COIN					2.310	2.310
TSM			-2.720			-2.720
UNH			-3.356			-3.356
MSTR				-4.272		-4.272
ASTS					-4.401	-4.401
NOW					-5.260	-5.260
STZ	-5.740					-5.740
BA					-6.177	-6.177
CRWV					-6.253	-6.253
AMD		-7.002				-7.002
PDD					-7.092	-7.092
MSFT			-7.809			-7.809
UBER					-9.199	-9.199
HOOD				-9.850		-9.850
NFLX			-15.684			-15.684
WFC		-23.188				-23.188
WMT		-26.597				-26.597
TOTAL	13.096	-56.788	-4.933	-10.203	-10.457	-69.285

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	-2.533					-2.533
WMT		-2.325				-2.325
WFC		-1.937				-1.937
CSCO					-1.043	-1.043
UBER					-1.013	-1.013
INTC			-0.998			-0.998
HOOD				-0.834		-0.834
NFLX			-0.715			-0.715
PDD					-0.715	-0.715
STZ	-0.596					-0.596
AMD		-0.477				-0.477
TSM			-0.477			-0.477
AAPL	-0.417					-0.417
IWM			-0.358			-0.358
NOW					-0.298	-0.298
AMZN			-0.238			-0.238
CRWV					-0.238	-0.238
MSFT			-0.238			-0.238
UNH			-0.238			-0.238
XOM					-0.238	-0.238
RKLB					-0.179	-0.179
ORCL			-0.119			-0.119
ASTS					0.000	0.000
GOOGL			0.000			0.000
MSTR				0.000		0.000
PLTR				0.000		0.000
CRM					0.238	0.238
BA					0.477	0.477
COIN					0.477	0.477
TOTAL	-3.546	-4.739	-3.383	-0.834	-2.533	-15.035

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			-6.192			-6.192
WMT		-4.907				-4.907
IWM			-3.017			-3.017
WFC		-2.807				-2.807
GOOGL			-2.662			-2.662
XOM					-2.509	-2.509
CRM					-2.506	-2.506
PDD					-2.453	-2.453
CSCO					-2.302	-2.302
UBER					-2.295	-2.295
ORCL			-2.264			-2.264
BA					-2.243	-2.243
AMZN			-2.199			-2.199
UNH			-2.170			-2.170
AAPL	-2.136					-2.136
NOW					-2.082	-2.082
TSM			-1.862			-1.862
PLTR				-1.812		-1.812
STZ	-1.759					-1.759
NFLX			-1.647			-1.647
RKLB					-1.498	-1.498
COIN					-1.490	-1.490
MRNA	-1.415					-1.415
HOOD				-1.391		-1.391
MSTR				-1.360		-1.360
AMD		-1.216				-1.216
INTC			-1.210			-1.210
CRWV					-0.802	-0.802
ASTS					-0.476	-0.476
TOTAL	-5.310	-8.931	-23.222	-4.562	-20.657	-62.682

Theta / |Gamma| Quality

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

Symbol	Expiry	Position	Θ / \|Γ\|
MSFT	May 1, 26	MSFT May 1st 400/410 Bear Call Spread	20.575
ORCL	May 1, 26	ORCL May 1st 125/130 Bull Put Spread	19.584
RKLB	May 15, 26	RKLB May 15th 45/50 Bull Put Spread	10.329
UNH	May 1, 26	UNH May 1st 315/320 Bear Call Spread	8.287
AMZN	May 1, 26	AMZN May 1st 185/190 Bull Put Spread	6.828
AAPL	Apr 17, 26	AAPL Apr 17th 235/240 Bull Put Spread	6.245
STZ	Apr 17, 26	STZ Apr 17th 165/170 Bear Call Spread	5.720
NOW	May 15, 26	NOW May 15th 128/135 Bear Call Spread	5.147
CRM	May 15, 26	CRM May 15th 160/165 Bull Put Spread	4.716
CRWV	May 15, 26	CRWV May 15th 95/100 Bear Call Spread	4.610
IWM	May 1, 26	IWM May 1st 225/230 Bull Put Spread	4.534
AMD	Apr 24, 26	AMD Apr 24th 230/235 Bear Call Spread	4.447
XOM	May 15, 26	XOM May 15th 150/155 Bull Put Spread	3.917
BA	May 15, 26	BA May 15th 225/230 Bear Call Spread	2.892
COIN	May 15, 26	COIN May 15th 130/135 Bull Put Spread	2.759
NFLX	May 1, 26	NFLX May 1st 103/108 Bear Call Spread	2.500
TSM	May 1, 26	TSM May 1st 375/380 Bear Call Spread	2.436
HOOD	May 8, 26	HOOD May 8th 80/85 Bear Call Spread	1.957
WFC	Apr 24, 26	WFC Apr 24th 84/89 Bear Call Spread	1.791
MRNA	Apr 17, 26	MRNA Apr 17th 40/45 Bull Put Spread	1.746
INTC	May 1, 26	INTC May 1st 35/40 Bull Put Spread	1.700
WMT	Apr 24, 26	WMT Apr 24th 129/135 Bear Call Spread	1.688
PDD	May 15, 26	PDD May 15th 115/120 Bear Call Spread	1.620
UBER	May 15, 26	UBER May 15th 82.5/87.5 Bear Call Spread	1.268
CSCO	May 15, 26	CSCO May 15th 65/70 Bull Put Spread	0.838
ASTS	May 15, 26	ASTS May 15th 115/120 Bear Call Spread	—
GOOGL	May 1, 26	GOOGL May 1st 270/275 Bull Put Spread	—
MSTR	May 8, 26	MSTR May 8th 150/155 Bear Call Spread	—
PLTR	May 8, 26	PLTR May 8th 120/125 Bull Put 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	3.126
STZ	Apr 17, 26	STZ Apr 17th 165/170 Bear Call Spread	1.938
AMD	Apr 24, 26	AMD Apr 24th 230/235 Bear Call Spread	1.744
INTC	May 1, 26	INTC May 1st 35/40 Bull Put Spread	1.403
ASTS	May 15, 26	ASTS May 15th 115/120 Bear Call Spread	1.385
CRWV	May 15, 26	CRWV May 15th 95/100 Bear Call Spread	1.370
WFC	Apr 24, 26	WFC Apr 24th 84/89 Bear Call Spread	1.236
RKLB	May 15, 26	RKLB May 15th 45/50 Bull Put Spread	1.233
AAPL	Apr 17, 26	AAPL Apr 17th 235/240 Bull Put Spread	1.220
HOOD	May 8, 26	HOOD May 8th 80/85 Bear Call Spread	1.174
NFLX	May 1, 26	NFLX May 1st 103/108 Bear Call Spread	1.086
MSTR	May 8, 26	MSTR May 8th 150/155 Bear Call Spread	1.080
ORCL	May 1, 26	ORCL May 1st 125/130 Bull Put Spread	1.031
UNH	May 1, 26	UNH May 1st 315/320 Bear Call Spread	0.911
COIN	May 15, 26	COIN May 15th 130/135 Bull Put Spread	0.883
PLTR	May 8, 26	PLTR May 8th 120/125 Bull Put Spread	0.851
WMT	Apr 24, 26	WMT Apr 24th 129/135 Bear Call Spread	0.800
MSFT	May 1, 26	MSFT May 1st 400/410 Bear Call Spread	0.792
AMZN	May 1, 26	AMZN May 1st 185/190 Bull Put Spread	0.740
NOW	May 15, 26	NOW May 15th 128/135 Bear Call Spread	0.737
TSM	May 1, 26	TSM May 1st 375/380 Bear Call Spread	0.624
GOOGL	May 1, 26	GOOGL May 1st 270/275 Bull Put Spread	0.623
BA	May 15, 26	BA May 15th 225/230 Bear Call Spread	0.615
UBER	May 15, 26	UBER May 15th 82.5/87.5 Bear Call Spread	0.560
IWM	May 1, 26	IWM May 1st 225/230 Bull Put Spread	0.537
PDD	May 15, 26	PDD May 15th 115/120 Bear Call Spread	0.472
CRM	May 15, 26	CRM May 15th 160/165 Bull Put Spread	0.449
CSCO	May 15, 26	CSCO May 15th 65/70 Bull Put Spread	0.380
XOM	May 15, 26	XOM May 15th 150/155 Bull Put Spread	0.372

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	78.3%	$65	$65	$435	-$44	4.422	-1.415	-2.5332	83.3%	1.75	3.13	-10.8%
STZ	Bear Call	Apr 17, 26	85.1%	$60	$60	$440	-$15	3.409	-1.759	-0.5960	49.5%	5.72	1.94	33.3%
AAPL	Bull Put	Apr 17, 26	92.0%	$61	$61	$439	$21	2.605	-2.136	-0.4172	35.0%	6.24	1.22	62.3%

WMT	Bear Call	Apr 24, 26	65.7%	$66	$66	$534	-$140	3.924	-4.907	-2.3246	24.6%	1.69	0.80	-128.0%
WFC	Bear Call	Apr 24, 26	68.2%	$60	$60	$440	-$99	3.470	-2.807	-1.9372	37.3%	1.79	1.24	-111.7%
AMD	Bear Call	Apr 24, 26	63.9%	$65	$65	$436	-$116	2.121	-1.216	-0.4768	52.5%	4.45	1.74	-159.7%

MSFT	Bear Call	May 1, 26	78.7%	$130	$130	$870	-$83	4.906	-6.192	-0.2384	35.7%	20.58	0.79	-48.5%
ORCL	Bull Put	May 1, 26	77.1%	$84	$84	$416	-$31	2.335	-2.264	-0.1192	57.7%	19.58	1.03	-18.4%
UNH	Bear Call	May 1, 26	80.8%	$59	$59	$441	-$37	1.976	-2.170	-0.2384	46.4%	8.29	0.91	-25.4%
NFLX	Bear Call	May 1, 26	62.8%	$64	$64	$436	-$122	1.788	-1.647	-0.7153	43.4%	2.50	1.09	-153.1%
INTC	Bull Put	May 1, 26	85.9%	$72	$72	$428	$2	1.698	-1.210	-0.9984	85.1%	1.70	1.40	50.0%
GOOGL	Bull Put	May 1, 26	76.3%	$86	$86	$414	-$32	1.658	-2.662	0.0000	42.7%	—	0.62	-7.6%
AMZN	Bull Put	May 1, 26	80.6%	$81	$81	$420	-$17	1.628	-2.199	-0.2384	51.7%	6.83	0.74	12.4%
IWM	Bull Put	May 1, 26	83.5%	$74	$74	$426	-$9	1.621	-3.017	-0.3576	35.9%	4.53	0.54	23.0%
TSM	Bear Call	May 1, 26	79.3%	$75	$75	$425	-$29	1.162	-1.862	-0.4768	44.7%	2.44	0.62	13.3%

HOOD	Bear Call	May 8, 26	75.0%	$70	$70	$430	-$55	1.633	-1.391	-0.8345	68.1%	1.96	1.17	-43.6%
PLTR	Bull Put	May 8, 26	80.9%	$84	$84	$416	-$12	1.542	-1.812	0.0000	69.6%	—	0.85	8.3%
MSTR	Bear Call	May 8, 26	82.4%	$72	$72	$428	-$16	1.469	-1.360	0.0000	69.2%	—	1.08	4.9%

RKLB	Bull Put	May 15, 26	84.0%	$104	$104	$396	$24	1.847	-1.498	-0.1788	103.0%	10.33	1.23	23.6%
NOW	Bear Call	May 15, 26	88.4%	$84	$84	$616	$3	1.534	-2.082	-0.2980	57.9%	5.15	0.74	34.5%
BA	Bear Call	May 15, 26	71.0%	$56	$56	$444	-$89	1.379	-2.243	0.4768	39.2%	2.89	0.61	-145.5%
COIN	Bull Put	May 15, 26	82.8%	$83	$83	$417	-$3	1.315	-1.490	0.4768	89.4%	2.76	0.88	9.6%
UBER	Bear Call	May 15, 26	84.8%	$56	$56	$445	-$21	1.285	-2.295	-1.0133	42.6%	1.27	0.56	1.8%
PDD	Bear Call	May 15, 26	84.6%	$55	$55	$446	-$23	1.159	-2.453	-0.7153	38.1%	1.62	0.47	4.6%
CRM	Bull Put	May 15, 26	80.0%	$86	$86	$414	-$14	1.124	-2.506	0.2384	47.5%	4.72	0.45	9.9%
CRWV	Bear Call	May 15, 26	72.4%	$60	$60	$440	-$78	1.099	-0.802	-0.2384	92.5%	4.61	1.37	-91.7%
XOM	Bull Put	May 15, 26	64.6%	$68	$68	$432	-$109	0.934	-2.509	-0.2384	38.1%	3.92	0.37	-131.6%
CSCO	Bull Put	May 15, 26	83.6%	$56	$56	$444	-$26	0.874	-2.302	-1.0431	43.7%	0.84	0.38	20.5%
ASTS	Bear Call	May 15, 26	68.6%	$66	$66	$434	-$91	0.659	-0.476	0.0000	109.5%	—	1.38	-78.0%

TOTAL / AVG			78.0% avg	$2100	$2100	$13200	-$1259	56.577	-62.682	-15.0353	56.3% avg	3.76	29.37	-841.5%

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.