Portfolio Analysis — live-active-by-symbol-2026-04-22_08-18

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 15, 26May 22, 26May 29, 26Total
CRM2.483 2.483
UBER2.375 2.375
STZ2.245 2.245
JNJ2.180 2.180
ORCL1.714 1.714
ADBE1.667 1.667
NVDA1.324 1.324
ZS1.279 1.279
IWM1.156 1.156
WFC1.125 1.125
PDD0.853 0.853
LULU0.768 0.768
PEP0.336 0.336
TOTAL2.3754.19412.938 19.507

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 15, 26May 22, 26May 29, 26Total
WFC10.671 10.671
STZ8.906 8.906
PEP5.180 5.180
CRM4.386 4.386
IWM2.800 2.800
NVDA2.656 2.656
ORCL2.489 2.489
LULU-3.165 -3.165
ZS-3.254 -3.254
ADBE-4.730 -4.730
PDD-5.406 -5.406
JNJ-7.104 -7.104
UBER-13.677 -13.677
TOTAL-13.6777.9455.483 -0.250

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 15, 26May 22, 26May 29, 26Total
WFC-1.729 -1.729
UBER-1.192 -1.192
PEP-0.656 -0.656
STZ-0.596 -0.596
PDD-0.536 -0.536
CRM-0.358 -0.358
JNJ-0.358 -0.358
IWM-0.238 -0.238
NVDA-0.238 -0.238
ORCL-0.238 -0.238
ADBE0.000 0.000
LULU0.000 0.000
ZS0.000 0.000
TOTAL-1.192-0.715-4.232 -6.139

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 15, 26May 22, 26May 29, 26Total
JNJ-6.182 -6.182
STZ-4.404 -4.404
WFC-3.192 -3.192
CRM-3.035 -3.035
IWM-2.950 -2.950
PEP-2.821 -2.821
ADBE-2.458 -2.458
UBER-2.200 -2.200
NVDA-2.065 -2.065
ORCL-1.866 -1.866
LULU-1.816 -1.816
PDD-1.784 -1.784
ZS-1.352 -1.352
TOTAL-2.200-6.881-27.044 -36.125

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 7.189
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 6.944
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 6.097
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 5.551
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 4.850
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 3.767
UBER May 15, 26 UBER May 15th 82.5/87.5 Bear Call Spread 1.992
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 1.591
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.651
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.513
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread —
LULU May 29, 26 LULU May 29th 190/195 Bear Call Spread —
ZS May 29, 26 ZS May 29th 175/180 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.

SymbolExpiryPositionΘ / |V|
UBER May 15, 26 UBER May 15th 82.5/87.5 Bear Call Spread 1.079
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 0.946
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 0.919
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.818
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.678
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 0.641
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.510
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.478
LULU May 29, 26 LULU May 29th 190/195 Bear Call Spread 0.423
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 0.392
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.353
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.352
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.119

Position Scorecard

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

SymbolTypeExpiryChanceCreditMax ProfitMax LossEVΘ ThetaVegaΓ GammaIVΘ/|Γ|Θ/|V|Return
UBER Bear Call May 15, 26 78.4%$56$56$445-$532.375-2.200-1.192147.4%1.991.08-51.4%
ORCL Bull Put May 22, 26 87.7%$76$76$424$141.714-1.866-0.238462.2%7.190.9239.5%
NVDA Bull Put May 22, 26 88.2%$62$62$438$31.324-2.065-0.238448.8%5.550.6437.1%
IWM Bull Put May 22, 26 88.5%$62$62$439$41.156-2.950-0.238431.6%4.850.3941.5%
CRM Bull Put May 29, 26 82.9%$57$57$443-$282.483-3.035-0.357655.5%6.940.82-86.8%
STZ Bull Put May 29, 26 80.9%$50$50$450-$452.245-4.404-0.596035.0%3.770.51-140.0%
JNJ Bear Call May 29, 26 86.6%$68$68$433$12.180-6.182-0.357621.3%6.100.35-0.7%
ADBE Bear Call May 29, 26 74.5%$70$70$430-$581.667-2.4580.000041.0%—0.68-78.6%
ZS Bear Call May 29, 26 83.8%$56$56$444-$251.279-1.3520.000069.1%—0.95-8.9%
WFC Bull Put May 29, 26 83.1%$50$50$450-$351.125-3.192-1.728534.0%0.650.35-9.0%
PDD Bear Call May 29, 26 83.2%$52$52$448-$320.853-1.784-0.536444.1%1.590.4823.1%
LULU Bear Call May 29, 26 100.0%$62$62$438$620.768-1.8160.000040.9%—0.4245.2%
PEP Bull Put May 29, 26 85.7%$50$50$450-$210.336-2.821-0.655727.9%0.510.1239.0%
TOTAL / AVG 84.9% avg$770$770$5731-$21319.507-36.125-6.139343.0% avg3.187.71-150.2%
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.