Portfolio Analysis — live-active-by-symbol-2026-04-29_13-56

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
ZS4.573 4.573
ORCL2.308 2.308
C1.2370.949 2.186
CRM1.906 1.906
BA1.740 1.740
AA1.687 1.687
ADBE1.560 1.560
JNJ1.500 1.500
NOW1.463 1.463
WFC1.391 1.391
STZ1.374 1.374
DAL1.338 1.338
PG1.287 1.287
PEP1.264 1.264
PDD1.216 1.216
NEM0.866 0.866
TOTAL2.30819.0446.306 27.658

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
C7.2856.089 13.374
STZ11.536 11.536
DAL10.976 10.976
AA10.448 10.448
WFC10.444 10.444
NEM8.725 8.725
PEP7.231 7.231
BA6.763 6.763
ORCL6.377 6.377
CRM4.576 4.576
ADBE-2.793 -2.793
PDD-4.531 -4.531
JNJ-5.003 -5.003
NOW-5.241 -5.241
ZS-5.971 -5.971
PG-10.047 -10.047
TOTAL6.37744.1996.289 56.864

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-1.758 -1.758
DAL-1.490 -1.490
AA-1.311 -1.311
C-0.536-0.715 -1.252
PG-1.103 -1.103
PEP-0.924 -0.924
PDD-0.596 -0.596
STZ-0.596 -0.596
JNJ-0.477 -0.477
NOW-0.298 -0.298
CRM-0.238 -0.238
ORCL-0.238 -0.238
ADBE0.000 0.000
NEM0.000 0.000
ZS0.119 0.119
BA0.238 0.238
TOTAL-0.238-7.808-1.878 -9.924

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
C-2.839-2.727 -5.566
PG-4.788 -4.788
JNJ-4.133 -4.133
PEP-3.840 -3.840
BA-3.714 -3.714
STZ-3.568 -3.568
WFC-3.002 -3.002
ZS-2.699 -2.699
CRM-2.322 -2.322
ADBE-2.245 -2.245
NEM-2.167 -2.167
DAL-2.121 -2.121
ORCL-2.083 -2.083
AA-2.063 -2.063
NOW-1.826 -1.826
PDD-1.712 -1.712
TOTAL-2.083-30.544-15.222 -47.849

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 38.362
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 9.682
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 7.994
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 7.298
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 4.909
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 3.145
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 2.306
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.305
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.039
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 1.368
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 1.327
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.286
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 1.168
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.898
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.791
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread —
NEM Jun 5, 26 NEM Jun 5th 95/100 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 1.694
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.108
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.821
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.818
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.801
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.710
ADBE May 29, 26 ADBE May 29th 280/285 Bear Call Spread 0.695
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.631
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.468
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.463
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.436
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.400
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.385
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.363
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 0.348
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.329
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.269

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 74.3%$76$76$424-$532.308-2.083-0.238458.7%9.681.11-54.6%
ZS Bear Call May 29, 26 88.2%$56$56$444-$34.573-2.6990.119274.3%38.361.69-98.2%
CRM Bull Put May 29, 26 79.5%$57$57$443-$461.906-2.322-0.238456.2%7.990.82-62.3%
AA Bull Put May 29, 26 80.6%$55$55$445-$421.687-2.063-1.311359.2%1.290.82-25.4%
ADBE Bear Call May 29, 26 87.8%$70$70$430$91.560-2.2450.000042.0%—0.6935.0%
JNJ Bear Call May 29, 26 85.3%$50$50$450-$231.500-4.133-0.476821.8%3.140.3625.0%
WFC Bull Put May 29, 26 87.9%$50$50$450-$101.391-3.002-1.758334.7%0.790.466.0%
STZ Bull Put May 29, 26 69.2%$50$50$450-$1041.374-3.568-0.596030.6%2.310.39-130.0%
DAL Bull Put May 29, 26 77.7%$58$58$442-$531.338-2.121-1.490153.1%0.900.63-15.5%
PEP Bull Put May 29, 26 82.4%$50$50$450-$381.264-3.840-0.923926.3%1.370.337.0%
C Bull Put May 29, 26 83.2%$62$62$438-$221.237-2.839-0.536437.4%2.310.448.1%
PDD Bear Call May 29, 26 90.2%$52$52$448$31.216-1.712-0.596044.6%2.040.7146.1%
BA Bull Put Jun 5, 26 72.9%$74$74$426-$611.740-3.7140.238434.8%7.300.47-86.5%
NOW Bear Call Jun 5, 26 100.0%$52$52$448$521.463-1.826-0.298054.5%4.910.8013.5%
PG Bear Call Jun 5, 26 83.4%$75$75$425-$81.287-4.788-1.102720.1%1.170.2726.7%
C Bull Put Jun 5, 26 84.2%$61$61$439-$180.949-2.727-0.715338.3%1.330.3513.9%
NEM Bull Put Jun 5, 26 70.3%$70$70$430-$780.866-2.1670.000049.5%—0.40-50.0%
TOTAL / AVG 82.2% avg$1018$1018$7482-$49727.658-47.849-9.924243.3% avg2.7910.74-341.3%
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.