Portfolio Analysis — live-active-by-symbol-2026-04-27_13-52

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, 26Jun 5, 26Total
ORCL2.715 2.715
JNJ1.892 1.892
CRM1.711 1.711
NEM1.678 1.678
ADBE1.656 1.656
C1.474 1.474
PDD1.405 1.405
WFC1.301 1.301
DAL1.266 1.266
NFLX1.252 1.252
STZ1.241 1.241
BA1.027 1.027
AA1.003 1.003
PEP0.975 0.975
ZS0.862 0.862
NOW0.697 0.697
TOTAL2.71516.0383.401 22.153

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, 26Jun 5, 26Total
WFC11.895 11.895
DAL8.760 8.760
STZ8.004 8.004
PEP7.431 7.431
C6.902 6.902
NEM6.250 6.250
AA4.924 4.924
ORCL4.591 4.591
CRM4.591 4.591
BA4.128 4.128
ZS-2.061 -2.061
ADBE-2.797 -2.797
NOW-3.926 -3.926
JNJ-5.324 -5.324
PDD-5.628 -5.628
NFLX-9.126 -9.126
TOTAL4.59127.5706.452 38.613

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, 26Jun 5, 26Total
WFC-1.907 -1.907
NFLX-1.371 -1.371
DAL-1.192 -1.192
PEP-0.954 -0.954
AA-0.775 -0.775
C-0.656 -0.656
PDD-0.536 -0.536
JNJ-0.477 -0.477
STZ-0.477 -0.477
NEM-0.358 -0.358
ORCL-0.358 -0.358
ADBE-0.238 -0.238
BA-0.238 -0.238
CRM-0.238 -0.238
NOW-0.238 -0.238
ZS-0.238 -0.238
TOTAL-0.358-9.060-0.834 -10.252

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, 26Jun 5, 26Total
JNJ-4.998 -4.998
PEP-3.866 -3.866
STZ-3.318 -3.318
WFC-3.114 -3.114
BA-3.090 -3.090
C-2.918 -2.918
NFLX-2.788 -2.788
NEM-2.737 -2.737
ORCL-2.327 -2.327
ADBE-2.292 -2.292
CRM-2.278 -2.278
DAL-2.037 -2.037
PDD-1.992 -1.992
AA-1.420 -1.420
NOW-1.312 -1.312
ZS-0.902 -0.902
TOTAL-2.327-31.923-7.139 -41.389

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 7.592
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 7.178
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 6.944
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 4.691
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 4.306
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 3.968
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 3.614
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 2.921
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.619
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 2.602
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.248
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.294
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.062
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 1.023
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.913
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.682

Theta / |Vega| Quality

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

SymbolExpiryPositionΘ / |V|
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.167
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 0.955
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.751
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.722
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.706
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.705
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.622
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.613
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.531
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.505
NFLX May 29, 26 NFLX May 29th 100/105 Bear Call Spread 0.449
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.418
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.379
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.374
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.332
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.252

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 83.4%$76$76$424-$72.715-2.327-0.357660.1%7.591.17-10.5%
JNJ Bear Call May 29, 26 88.4%$50$50$450-$81.892-4.998-0.476821.3%3.970.3818.0%
CRM Bull Put May 29, 26 76.8%$57$57$443-$591.711-2.278-0.238456.4%7.180.75-71.9%
ADBE Bear Call May 29, 26 89.6%$70$70$430$181.656-2.292-0.238444.1%6.940.7228.6%
C Bull Put May 29, 26 84.9%$62$62$438-$131.474-2.918-0.655739.9%2.250.51-3.2%
PDD Bear Call May 29, 26 88.6%$52$52$448-$51.405-1.992-0.536445.2%2.620.7123.1%
WFC Bull Put May 29, 26 83.1%$50$50$450-$341.301-3.114-1.907335.0%0.680.42-17.0%
DAL Bull Put May 29, 26 80.6%$58$58$442-$391.266-2.037-1.192153.9%1.060.626.9%
NFLX Bear Call May 29, 26 86.8%$68$68$432$21.252-2.788-1.370931.1%0.910.4539.0%
STZ Bull Put May 29, 26 79.4%$50$50$450-$531.241-3.318-0.476833.7%2.600.37-60.0%
AA Bull Put May 29, 26 99.3%$55$55$445$511.003-1.420-0.774962.2%1.290.7147.3%
PEP Bull Put May 29, 26 79.7%$50$50$450-$510.975-3.866-0.953724.8%1.020.2511.0%
ZS Bear Call May 29, 26 88.3%$56$56$444-$30.862-0.902-0.238476.1%3.610.9644.6%
NEM Bull Put Jun 5, 26 82.9%$70$70$430-$161.678-2.737-0.357650.5%4.690.61-12.1%
BA Bull Put Jun 5, 26 80.0%$74$74$426-$261.027-3.090-0.238436.6%4.310.335.4%
NOW Bear Call Jun 5, 26 84.5%$52$52$448-$260.697-1.312-0.238452.9%2.920.5342.3%
TOTAL / AVG 84.8% avg$950$950$7050-$26822.153-41.389-10.252045.2% avg2.169.4891.3%
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.