Portfolio Analysis — live-active-by-symbol-2026-04-24_08-17

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
UBER2.213 2.213
STZ2.115 2.115
ORCL1.794 1.794
CRM1.403 1.403
NVDA1.351 1.351
IWM1.276 1.276
WFC1.253 1.253
NFLX1.216 1.216
PDD1.188 1.188
ADBE0.896 0.896
PEP0.784 0.784
ZS0.417 0.417
TOTAL2.2134.4219.272 15.906

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
WFC13.339 13.339
STZ7.569 7.569
PEP6.316 6.316
CRM5.219 5.219
ORCL4.013 4.013
IWM2.991 2.991
NVDA2.314 2.314
ZS-1.564 -1.564
ADBE-2.189 -2.189
PDD-5.124 -5.124
UBER-9.920 -9.920
NFLX-11.122 -11.122
TOTAL-9.9209.31912.444 11.842

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-1.907 -1.907
NFLX-1.550 -1.550
UBER-1.311 -1.311
PEP-0.715 -0.715
ORCL-0.596 -0.596
PDD-0.536 -0.536
STZ-0.358 -0.358
IWM-0.179 -0.179
NVDA-0.060 -0.060
CRM0.000 0.000
ZS0.000 0.000
ADBE0.119 0.119
TOTAL-1.311-0.834-4.947 -7.093

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
STZ-3.971 -3.971
PEP-3.476 -3.476
WFC-3.363 -3.363
NFLX-3.078 -3.078
IWM-3.030 -3.030
ORCL-2.156 -2.156
CRM-2.127 -2.127
UBER-1.930 -1.930
PDD-1.879 -1.879
NVDA-1.853 -1.853
ADBE-1.817 -1.817
ZS-0.678 -0.678
TOTAL-1.930-7.039-20.390 -29.358

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 22.658
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 7.517
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 7.136
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 5.914
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 3.010
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.215
UBER May 15, 26 UBER May 15th 82.5/87.5 Bear Call Spread 1.688
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 1.096
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.785
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.657
CRM May 29, 26 CRM May 29th 155/160 Bull Put 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 1.147
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 0.832
NVDA May 22, 26 NVDA May 22nd 165/170 Bull Put Spread 0.729
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.660
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.632
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 0.615
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.533
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.493
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 0.421
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.395
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.372
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.226

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 85.4%$56$56$445-$182.213-1.930-1.311349.5%1.691.159.9%
ORCL Bull Put May 22, 26 82.2%$76$76$424-$131.794-2.156-0.596056.7%3.010.8311.2%
NVDA Bull Put May 22, 26 90.0%$62$62$438$121.351-1.853-0.059651.5%22.660.7345.2%
IWM Bull Put May 22, 26 88.6%$62$62$439$51.276-3.030-0.178831.1%7.140.4240.6%
STZ Bull Put May 29, 26 84.5%$50$50$450-$272.115-3.971-0.357636.8%5.910.53-95.0%
CRM Bull Put May 29, 26 71.9%$57$57$443-$841.403-2.1270.000056.3%—0.66-123.7%
WFC Bull Put May 29, 26 79.4%$50$50$450-$531.253-3.363-1.907333.9%0.660.37-41.0%
NFLX Bear Call May 29, 26 81.8%$68$68$432-$231.216-3.078-1.549730.1%0.780.4016.9%
PDD Bear Call May 29, 26 91.1%$52$52$448$81.188-1.879-0.536445.7%2.210.6327.9%
ADBE Bear Call May 29, 26 86.6%$70$70$430$30.896-1.8170.119242.5%7.520.4949.3%
PEP Bull Put May 29, 26 83.6%$50$50$450-$320.784-3.476-0.715326.6%1.100.2317.0%
ZS Bear Call May 29, 26 88.4%$56$56$444-$20.417-0.6780.000079.5%—0.6260.7%
TOTAL / AVG 84.5% avg$708$708$5292-$22515.906-29.358-7.093045.0% avg2.247.0519.0%
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.