Portfolio Analysis — live-active-by-symbol-2026-04-14_13-49

Theta · Vega · Delta · Gamma · Quality · Scorecard

Paste a spread row from the exported CSV. Press Enter or click Add. Each spread appears as a pill above and is highlighted in every table below.

Theta Concentration

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

SymbolMay 8, 26May 15, 26May 22, 26Total
PLTR1.936 1.936
MSTR1.824 1.824
CRCL1.624 1.624
UBER1.602 1.602
AAPL1.599 1.599
PDD1.582 1.582
ASTS1.565 1.565
ORCL1.527 1.527
NVDA1.266 1.266
DAL1.255 1.255
IWM0.911 0.911
CRM0.866 0.866
TOTAL3.7594.7499.049 17.557

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.

SymbolMay 8, 26May 15, 26May 22, 26Total
PLTR7.015 7.015
DAL6.573 6.573
IWM4.399 4.399
ORCL3.551 3.551
NVDA3.530 3.530
CRCL2.548 2.548
CRM-3.703 -3.703
ASTS-4.346 -4.346
AAPL-6.454 -6.454
MSTR-6.769 -6.769
PDD-7.257 -7.257
UBER-9.475 -9.475
TOTAL0.247-21.07910.445 -10.387

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).

SymbolMay 8, 26May 15, 26May 22, 26Total
UBER-1.162 -1.162
DAL-0.894 -0.894
PDD-0.834 -0.834
MSTR-0.477 -0.477
ORCL-0.238 -0.238
PLTR-0.238 -0.238
CRCL-0.060 -0.060
AAPL0.000 0.000
ASTS0.000 0.000
CRM0.000 0.000
IWM0.000 0.000
NVDA0.119 0.119
TOTAL-0.715-1.997-1.073 -3.785

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.

SymbolMay 8, 26May 15, 26May 22, 26Total
AAPL-4.015 -4.015
IWM-3.902 -3.902
PDD-2.681 -2.681
NVDA-2.608 -2.608
UBER-2.244 -2.244
ORCL-2.207 -2.207
DAL-2.142 -2.142
CRM-1.995 -1.995
PLTR-1.652 -1.652
CRCL-1.309 -1.309
MSTR-1.251 -1.251
ASTS-0.770 -0.770
TOTAL-2.903-5.695-18.179 -26.777

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
CRCL May 22, 26 CRCL May 22nd 65/70 Bull Put Spread 27.252
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 10.622
PLTR May 8, 26 PLTR May 8th 120/125 Bull Put Spread 8.119
ORCL May 22, 26 ORCL May 22nd 130/135 Bull Put Spread 6.403
MSTR May 8, 26 MSTR May 8th 150/155 Bear Call Spread 3.824
PDD May 15, 26 PDD May 15th 115/120 Bear Call Spread 1.895
DAL May 22, 26 DAL May 22nd 55/60 Bull Put Spread 1.404
UBER May 15, 26 UBER May 15th 82.5/87.5 Bear Call Spread 1.379
AAPL May 22, 26 AAPL May 22nd 275/280 Bear Call Spread —
ASTS May 15, 26 ASTS May 15th 115/120 Bear Call Spread —
CRM May 22, 26 CRM May 22nd 195/200 Bear Call Spread —
IWM May 22, 26 IWM May 22nd 245/250 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.

SymbolExpiryPositionΘ / |V|
ASTS May 15, 26 ASTS May 15th 115/120 Bear Call Spread 2.032
MSTR May 8, 26 MSTR May 8th 150/155 Bear Call Spread 1.458
CRCL May 22, 26 CRCL May 22nd 65/70 Bull Put Spread 1.241
PLTR May 8, 26 PLTR May 8th 120/125 Bull Put Spread 1.172
UBER May 15, 26 UBER May 15th 82.5/87.5 Bear Call Spread 0.714
ORCL May 22, 26 ORCL May 22nd 130/135 Bull Put Spread 0.692
PDD May 15, 26 PDD May 15th 115/120 Bear Call Spread 0.590
DAL May 22, 26 DAL May 22nd 55/60 Bull Put Spread 0.586
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 0.485
CRM May 22, 26 CRM May 22nd 195/200 Bear Call Spread 0.434
AAPL May 22, 26 AAPL May 22nd 275/280 Bear Call Spread 0.398
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 0.234

Position Scorecard

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

SymbolTypeExpiryChanceCreditMax ProfitMax LossEVΘ ThetaVegaΓ GammaIVΘ/|Γ|Θ/|V|Return
PLTR Bull Put May 8, 26 69.3%$84$84$416-$701.936-1.652-0.238468.5%8.121.17-63.7%
MSTR Bear Call May 8, 26 71.0%$72$72$428-$731.824-1.251-0.476865.8%3.821.46-70.1%
UBER Bear Call May 15, 26 84.7%$56$56$445-$211.602-2.244-1.162343.3%1.380.719.9%
PDD Bear Call May 15, 26 88.9%$55$55$446-$11.582-2.681-0.834535.4%1.900.5922.9%
ASTS Bear Call May 15, 26 80.1%$66$66$434-$341.565-0.7700.0000112.9%—2.03-28.8%
CRCL Bull Put May 22, 26 89.4%$64$64$436$111.624-1.309-0.0596102.3%27.251.2421.1%
AAPL Bear Call May 22, 26 77.1%$60$60$440-$551.599-4.0150.000026.4%—0.40-71.7%
ORCL Bull Put May 22, 26 84.5%$66$66$434-$121.527-2.207-0.238459.5%6.400.69-5.3%
NVDA Bull Put May 22, 26 84.2%$62$62$438-$171.266-2.6080.119245.3%10.620.493.2%
DAL Bull Put May 22, 26 90.8%$65$65$435$191.255-2.142-0.894150.9%1.400.5935.4%
IWM Bull Put May 22, 26 81.2%$62$62$439-$330.911-3.9020.000027.0%—0.233.3%
CRM Bear Call May 22, 26 85.4%$69$69$431-$40.866-1.9950.000041.0%—0.4334.1%
TOTAL / AVG 82.2% avg$780$780$5221-$28817.557-26.777-3.784956.5% avg4.6410.04-109.7%
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.