Portfolio Analysis — live-active-by-symbol-2026-04-27_08-29

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
ORCL2.192 2.192
ADBE2.006 2.006
AA1.828 1.828
DAL1.646 1.646
ZS1.599 1.599
C1.492 1.492
PDD1.377 1.377
NFLX1.366 1.366
WFC1.347 1.347
IWM1.288 1.288
STZ0.997 0.997
CRM0.953 0.953
PEP0.823 0.823
JNJ0.531 0.531
TOTAL3.48015.964 19.444

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
WFC13.446 13.446
DAL9.350 9.350
AA7.877 7.877
C7.426 7.426
STZ7.087 7.087
PEP6.342 6.342
ORCL4.598 4.598
CRM3.366 3.366
IWM2.584 2.584
ZS-3.052 -3.052
JNJ-3.119 -3.119
ADBE-3.426 -3.426
PDD-5.677 -5.677
NFLX-11.368 -11.368
TOTAL7.18228.251 35.434

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-1.401 -1.401
DAL-0.864 -0.864
AA-0.775 -0.775
STZ-0.715 -0.715
C-0.656 -0.656
PEP-0.656 -0.656
PDD-0.626 -0.626
JNJ-0.417 -0.417
IWM-0.238 -0.238
ZS-0.119 -0.119
CRM0.000 0.000
ORCL0.119 0.119
ADBE0.238 0.238
TOTAL-0.119-7.957 -8.076

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
PEP-3.308 -3.308
WFC-3.300 -3.300
STZ-3.105 -3.105
C-3.059 -3.059
NFLX-3.049 -3.049
IWM-2.692 -2.692
ADBE-2.669 -2.669
JNJ-2.523 -2.523
DAL-2.222 -2.222
ORCL-2.178 -2.178
PDD-2.079 -2.079
AA-1.982 -1.982
CRM-1.801 -1.801
ZS-1.319 -1.319
TOTAL-4.870-30.417 -35.287

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 18.386
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 13.414
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 8.414
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 5.404
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 2.359
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.275
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.200
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.905
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 1.394
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 1.272
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 1.256
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.975
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.685
CRM May 29, 26 CRM May 29th 155/160 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|
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 1.212
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.007
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.922
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.752
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.741
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.662
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.529
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.488
IWM May 22, 26 IWM May 22nd 245/250 Bull Put Spread 0.479
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.448
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.408
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.321
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.249
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.210

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-$112.192-2.1780.119258.5%18.391.01-4.0%
IWM Bull Put May 22, 26 90.4%$62$62$439$141.288-2.692-0.238431.3%5.400.4853.7%
ADBE Bear Call May 29, 26 87.3%$70$70$430$72.006-2.6690.238443.0%8.410.756.4%
AA Bull Put May 29, 26 83.5%$55$55$445-$281.828-1.982-0.774964.8%2.360.92-10.0%
DAL Bull Put May 29, 26 80.9%$58$58$442-$371.646-2.222-0.864355.5%1.900.74-12.1%
ZS Bear Call May 29, 26 85.9%$56$56$444-$151.599-1.319-0.119273.6%13.411.215.4%
C Bull Put May 29, 26 83.0%$62$62$438-$231.492-3.059-0.655738.5%2.280.49-8.9%
PDD Bear Call May 29, 26 87.3%$52$52$448-$111.377-2.079-0.625842.7%2.200.6626.9%
NFLX Bear Call May 29, 26 81.0%$68$68$432-$271.366-3.049-1.400730.8%0.980.4516.2%
WFC Bull Put May 29, 26 79.7%$50$50$450-$521.347-3.300-1.967034.0%0.680.41-34.0%
STZ Bull Put May 29, 26 78.7%$50$50$450-$570.997-3.105-0.715333.7%1.390.32-30.0%
CRM Bull Put May 29, 26 80.4%$57$57$443-$410.953-1.8010.000059.9%—0.53-10.5%
PEP Bull Put May 29, 26 82.8%$50$50$450-$360.823-3.308-0.655727.6%1.260.2518.0%
JNJ Bear Call May 29, 26 88.7%$50$50$450-$70.531-2.523-0.417223.5%1.270.2160.0%
TOTAL / AVG 83.7% avg$816$816$6185-$32319.444-35.287-8.076444.1% avg2.418.4377.1%
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.