Portfolio Analysis — live-active-by-symbol-2026-04-30_08-27

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
PEP2.702 2.702
C1.2751.320 2.595
ORCL2.567 2.567
AA2.279 2.279
JNJ2.092 2.092
NEM1.896 1.896
CRM1.799 1.799
ZS1.767 1.767
PDD1.669 1.669
NOW1.430 1.430
WFC1.390 1.390
PG1.315 1.315
BA1.095 1.095
DAL0.926 0.926
STZ0.100 0.100
TOTAL2.56715.9997.055 25.622

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
C6.6336.389 13.022
AA11.482 11.482
WFC9.426 9.426
NEM8.497 8.497
PEP8.422 8.422
DAL7.597 7.597
ORCL7.427 7.427
CRM5.831 5.831
BA4.987 4.987
STZ4.742 4.742
ZS-2.528 -2.528
NOW-4.668 -4.668
PDD-5.728 -5.728
JNJ-7.618 -7.618
PG-10.802 -10.802
TOTAL7.42738.2574.403 50.087

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-1.684 -1.684
C-0.894-0.417 -1.311
DAL-1.222 -1.222
PG-1.222 -1.222
AA-1.192 -1.192
STZ-0.834 -0.834
PEP-0.775 -0.775
PDD-0.715 -0.715
JNJ-0.656 -0.656
NOW-0.298 -0.298
CRM-0.238 -0.238
NEM-0.238 -0.238
ORCL-0.238 -0.238
ZS-0.119 -0.119
BA0.000 0.000
TOTAL-0.238-8.330-2.176 -10.744

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-2.788-3.041 -5.829
JNJ-5.464 -5.464
PEP-5.053 -5.053
PG-4.992 -4.992
BA-3.376 -3.376
WFC-2.842 -2.842
NEM-2.781 -2.781
AA-2.355 -2.355
CRM-2.314 -2.314
STZ-2.147 -2.147
ORCL-2.146 -2.146
PDD-2.086 -2.086
DAL-1.747 -1.747
NOW-1.575 -1.575
ZS-1.171 -1.171
TOTAL-2.146-27.968-15.765 -45.878

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 14.825
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 10.769
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 7.954
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 7.546
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 4.797
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 3.487
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 3.191
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 3.164
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.333
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.912
C May 29, 26 C May 29th 112/117 Bull Put Spread 1.426
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 1.076
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.825
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.758
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.120
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 1.509
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.196
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.968
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.908
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.800
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.778
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.682
PEP May 29, 26 PEP May 29th 140/145 Bull Put Spread 0.535
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.530
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.489
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.457
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 0.434
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.383
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.324
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.263
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.047

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 70.7%$76$76$424-$702.567-2.146-0.238456.3%10.771.20-80.9%
PEP Bull Put May 29, 26 87.8%$50$50$450-$112.702-5.053-0.774929.3%3.490.53-39.0%
AA Bull Put May 29, 26 82.0%$55$55$445-$352.279-2.355-1.192158.4%1.910.97-43.6%
JNJ Bear Call May 29, 26 80.0%$50$50$450-$502.092-5.464-0.655720.3%3.190.38-23.0%
CRM Bull Put May 29, 26 73.6%$57$57$443-$751.799-2.314-0.238453.1%7.550.78-105.3%
ZS Bear Call May 29, 26 91.0%$56$56$444$111.767-1.171-0.119280.8%14.821.5128.6%
PDD Bear Call May 29, 26 88.4%$52$52$448-$61.669-2.086-0.715344.6%2.330.8026.9%
WFC Bull Put May 29, 26 89.7%$50$50$450-$21.390-2.842-1.683835.2%0.830.4917.0%
C Bull Put May 29, 26 86.0%$62$62$438-$81.275-2.788-0.894136.9%1.430.4621.0%
DAL Bull Put May 29, 26 84.4%$58$58$442-$200.926-1.747-1.221952.8%0.760.5335.3%
STZ Bull Put May 29, 26 84.0%$50$50$450-$300.100-2.147-0.834533.8%0.120.0550.0%
NEM Bull Put Jun 5, 26 79.2%$70$70$430-$341.896-2.781-0.238450.4%7.950.68-62.1%
NOW Bear Call Jun 5, 26 100.0%$52$52$448$521.430-1.575-0.298061.0%4.800.9118.3%
C Bull Put Jun 5, 26 86.2%$61$61$439-$81.320-3.041-0.417238.0%3.160.434.9%
PG Bear Call Jun 5, 26 80.8%$75$75$425-$211.315-4.992-1.221919.3%1.080.2624.0%
BA Bull Put Jun 5, 26 79.2%$74$74$426-$301.095-3.3760.000033.3%—0.32-1.4%
TOTAL / AVG 83.9% avg$948$948$7052-$33725.622-45.878-10.743744.0% avg2.3810.30-129.3%
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.