Portfolio Analysis — live-active-by-symbol-2026-04-24_13-40

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 22, 26May 29, 26Total
ORCL2.004 2.004
JNJ1.721 1.721
ZS1.694 1.694
ADBE1.673 1.673
WFC1.295 1.295
IWM1.290 1.290
NFLX1.243 1.243
PDD1.230 1.230
STZ1.196 1.196
DAL1.081 1.081
CRM0.968 0.968
PEP0.653 0.653
TOTAL3.29312.755 16.048

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 22, 26May 29, 26Total
WFC15.137 15.137
DAL8.316 8.316
STZ8.050 8.050
PEP6.230 6.230
CRM4.553 4.553
ORCL4.166 4.166
IWM2.842 2.842
ZS-3.213 -3.213
ADBE-3.370 -3.370
PDD-5.362 -5.362
JNJ-6.348 -6.348
NFLX-10.813 -10.813
TOTAL7.00813.179 20.187

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 22, 26May 29, 26Total
WFC-1.967 -1.967
NFLX-1.490 -1.490
DAL-1.073 -1.073
PEP-0.834 -0.834
CRM-0.715 -0.715
JNJ-0.477 -0.477
PDD-0.477 -0.477
STZ-0.477 -0.477
IWM-0.417 -0.417
ADBE-0.238 -0.238
ZS-0.238 -0.238
ORCL-0.119 -0.119
TOTAL-0.536-7.987 -8.523

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 22, 26May 29, 26Total
JNJ-5.302 -5.302
STZ-3.574 -3.574
WFC-3.528 -3.528
PEP-3.364 -3.364
NFLX-3.105 -3.105
IWM-2.988 -2.988
ADBE-2.631 -2.631
ORCL-2.222 -2.222
CRM-2.022 -2.022
DAL-1.990 -1.990
PDD-1.956 -1.956
ZS-1.410 -1.410
TOTAL-5.210-28.883 -34.094

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 16.807
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 7.105
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 7.018
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 3.610
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 3.091
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.579
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 2.509
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 1.354
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.007
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.834
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.783
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.658

Theta / |Vega| Quality

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

SymbolExpiryPositionΘ / |V|
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 1.201
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 0.902
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.636
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.629
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.543
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.479
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 0.432
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.400
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.367
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.335
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.325
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.194

Position Scorecard

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

SymbolTypeExpiryChanceCreditMax ProfitMax LossEVΘ ThetaVegaΓ GammaIVΘ/|Γ|Θ/|V|Return
ORCL Bull Put May 22, 26 82.7%$76$76$424-$102.004-2.222-0.119257.7%16.810.903.3%
IWM Bull Put May 22, 26 89.6%$62$62$439$91.290-2.988-0.417230.8%3.090.4344.7%
JNJ Bear Call May 29, 26 83.7%$50$50$450-$311.721-5.302-0.476820.4%3.610.32-7.0%
ZS Bear Call May 29, 26 87.0%$56$56$444-$91.694-1.410-0.238474.7%7.111.20-7.1%
ADBE Bear Call May 29, 26 85.2%$70$70$430-$41.673-2.631-0.238441.1%7.020.647.9%
WFC Bull Put May 29, 26 76.0%$50$50$450-$701.295-3.528-1.967032.7%0.660.37-60.0%
NFLX Bear Call May 29, 26 82.9%$68$68$432-$171.243-3.105-1.490129.8%0.830.4021.3%
PDD Bear Call May 29, 26 87.8%$52$52$448-$91.230-1.956-0.476844.8%2.580.6325.0%
STZ Bull Put May 29, 26 79.5%$50$50$450-$531.196-3.574-0.476831.9%2.510.33-60.0%
DAL Bull Put May 29, 26 80.9%$58$58$442-$381.081-1.990-1.072954.6%1.010.546.9%
CRM Bull Put May 29, 26 73.9%$57$57$443-$740.968-2.022-0.715355.2%1.350.48-62.3%
PEP Bull Put May 29, 26 83.5%$50$50$450-$330.653-3.364-0.834526.1%0.780.1924.0%
TOTAL / AVG 82.7% avg$699$699$5302-$33816.048-34.094-8.523541.7% avg1.886.44-63.3%
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.