Portfolio Analysis — live-active-by-symbol-2026-04-28_13-57

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
NOW2.726 2.726
ORCL2.075 2.075
AA1.972 1.972
STZ1.865 1.865
NEM1.657 1.657
C1.591 1.591
DAL1.558 1.558
CRM1.372 1.372
ADBE1.331 1.331
WFC1.311 1.311
PEP1.305 1.305
JNJ1.267 1.267
ZS1.222 1.222
BA1.017 1.017
PDD0.992 0.992
TOTAL2.07515.7855.400 23.260

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
WFC10.682 10.682
AA10.572 10.572
DAL10.504 10.504
NEM9.177 9.177
STZ8.823 8.823
C7.561 7.561
PEP6.595 6.595
ORCL5.704 5.704
BA4.199 4.199
CRM4.067 4.067
ZS-2.512 -2.512
ADBE-2.627 -2.627
PDD-4.011 -4.011
JNJ-4.645 -4.645
NOW-8.929 -8.929
TOTAL5.70445.0094.447 55.161

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-1.878 -1.878
DAL-1.311 -1.311
AA-1.132 -1.132
PEP-0.805 -0.805
STZ-0.715 -0.715
NEM-0.596 -0.596
C-0.536 -0.536
PDD-0.507 -0.507
CRM-0.477 -0.477
JNJ-0.477 -0.477
NOW-0.477 -0.477
ORCL-0.238 -0.238
ADBE0.000 0.000
BA0.000 0.000
ZS0.119 0.119
TOTAL-0.238-7.719-1.073 -9.030

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-4.005 -4.005
PEP-3.930 -3.930
STZ-3.907 -3.907
C-3.166 -3.166
BA-3.118 -3.118
WFC-3.020 -3.020
NOW-2.980 -2.980
NEM-2.760 -2.760
DAL-2.316 -2.316
AA-2.289 -2.289
ORCL-2.149 -2.149
CRM-2.100 -2.100
ADBE-2.084 -2.084
PDD-1.562 -1.562
ZS-1.077 -1.077
TOTAL-2.149-29.457-8.858 -40.464

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 10.253
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 8.702
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 5.718
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.965
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 2.876
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 2.780
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 2.656
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 2.607
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 1.958
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.741
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 1.622
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.188
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.698
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread —
BA Jun 5, 26 BA Jun 5th 205/210 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 1.135
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 0.966
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.915
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.861
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.673
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.653
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.639
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.635
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.600
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.502
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.477
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.434
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.332
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.326
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.316

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 75.8%$76$76$424-$452.075-2.149-0.238456.8%8.700.97-27.0%
AA Bull Put May 29, 26 78.0%$55$55$445-$551.972-2.289-1.132557.5%1.740.86-30.0%
STZ Bull Put May 29, 26 86.1%$50$50$450-$191.865-3.907-0.715332.8%2.610.48-80.0%
C Bull Put May 29, 26 84.2%$62$62$438-$171.591-3.166-0.536437.2%2.970.50-3.2%
DAL Bull Put May 29, 26 78.3%$58$58$442-$501.558-2.316-1.311350.9%1.190.67-9.5%
CRM Bull Put May 29, 26 78.8%$57$57$443-$491.372-2.100-0.476855.9%2.880.65-33.3%
ADBE Bear Call May 29, 26 87.7%$70$70$430$91.331-2.0840.000042.4%—0.6438.6%
WFC Bull Put May 29, 26 85.3%$50$50$450-$241.311-3.020-1.877534.5%0.700.432.0%
PEP Bull Put May 29, 26 86.4%$50$50$450-$181.305-3.930-0.804725.4%1.620.3318.0%
JNJ Bear Call May 29, 26 85.5%$50$50$450-$231.267-4.005-0.476820.5%2.660.3236.0%
ZS Bear Call May 29, 26 87.6%$56$56$444-$61.222-1.0770.119275.5%10.251.1327.7%
PDD Bear Call May 29, 26 90.3%$52$52$448$40.992-1.562-0.506643.7%1.960.6354.8%
NOW Bear Call Jun 5, 26 90.3%$52$52$448$42.726-2.980-0.476853.1%5.720.91-73.1%
NEM Bull Put Jun 5, 26 73.3%$70$70$430-$631.657-2.760-0.596048.1%2.780.60-74.3%
BA Bull Put Jun 5, 26 81.7%$74$74$426-$171.017-3.1180.000035.7%—0.338.8%
TOTAL / AVG 83.3% avg$882$882$6618-$37123.260-40.464-9.030144.7% avg2.589.46-144.5%
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.