Portfolio Analysis — live-active-by-symbol-2026-04-30_13-53

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
ZS4.069 4.069
C1.5771.094 2.671
ORCL2.450 2.450
JNJ2.250 2.250
CRM1.814 1.814
NEM1.750 1.750
NOW1.383 1.383
AA1.291 1.291
PG1.221 1.221
DAL1.208 1.208
WFC1.161 1.161
PDD1.027 1.027
BA0.959 0.959
STZ0.725 0.725
TOTAL2.45015.1236.406 23.978

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
C7.4765.998 13.474
NEM8.587 8.587
WFC8.447 8.447
DAL8.138 8.138
AA7.655 7.655
ORCL7.119 7.119
CRM5.611 5.611
STZ5.326 5.326
BA4.367 4.367
NOW-4.757 -4.757
ZS-4.936 -4.936
PDD-5.211 -5.211
JNJ-7.378 -7.378
PG-10.891 -10.891
TOTAL7.11925.1283.303 35.550

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-0.775-0.656 -1.431
DAL-1.311 -1.311
PG-1.192 -1.192
AA-1.162 -1.162
STZ-0.715 -0.715
JNJ-0.626 -0.626
PDD-0.596 -0.596
NEM-0.477 -0.477
ORCL-0.477 -0.477
NOW-0.417 -0.417
ZS-0.119 -0.119
BA0.000 0.000
CRM0.238 0.238
TOTAL-0.477-6.750-2.742 -9.969

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-3.125-2.866 -5.991
JNJ-5.660 -5.660
PG-4.813 -4.813
BA-3.073 -3.073
NEM-2.806 -2.806
STZ-2.676 -2.676
WFC-2.621 -2.621
CRM-2.292 -2.292
ZS-2.207 -2.207
ORCL-2.206 -2.206
DAL-1.914 -1.914
AA-1.750 -1.750
NOW-1.663 -1.663
PDD-1.608 -1.608
TOTAL-2.206-23.854-15.221 -41.280

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 34.135
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 7.610
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 5.138
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 3.669
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 3.595
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 3.314
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.036
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 1.722
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 1.668
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.111
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 1.024
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 1.014
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.921
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.689
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 1.844
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.111
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.832
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.792
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.738
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.638
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.631
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.624
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.505
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.443
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.398
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 0.382
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.312
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.271
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.254

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 73.0%$76$76$424-$592.450-2.206-0.476855.0%5.141.11-59.2%
ZS Bear Call May 29, 26 89.4%$56$56$444$34.069-2.207-0.119281.0%34.141.84-62.5%
JNJ Bear Call May 29, 26 82.4%$50$50$450-$382.250-5.660-0.625820.3%3.600.40-16.0%
CRM Bull Put May 29, 26 73.3%$57$57$443-$761.814-2.2920.238454.0%7.610.79-97.4%
C Bull Put May 29, 26 84.9%$62$62$438-$141.577-3.125-0.774935.9%2.040.508.9%
AA Bull Put May 29, 26 87.8%$55$55$445-$61.291-1.750-1.162358.0%1.110.7423.6%
DAL Bull Put May 29, 26 85.6%$58$58$442-$141.208-1.914-1.311352.0%0.920.6326.7%
WFC Bull Put May 29, 26 89.7%$50$50$450-$11.161-2.621-1.683834.1%0.690.4433.0%
PDD Bear Call May 29, 26 86.0%$52$52$448-$181.027-1.608-0.596047.1%1.720.6432.7%
STZ Bull Put May 29, 26 84.0%$50$50$450-$300.725-2.676-0.715331.7%1.010.2730.0%
NEM Bull Put Jun 5, 26 77.5%$70$70$430-$431.750-2.806-0.476848.1%3.670.62-50.0%
NOW Bear Call Jun 5, 26 90.3%$52$52$448$41.383-1.663-0.417256.3%3.310.8323.1%
PG Bear Call Jun 5, 26 79.8%$75$75$425-$261.221-4.813-1.192119.4%1.020.2523.3%
C Bull Put Jun 5, 26 85.5%$61$61$439-$111.094-2.866-0.655736.8%1.670.3819.7%
BA Bull Put Jun 5, 26 80.0%$74$74$426-$260.959-3.0730.000034.9%—0.3112.2%
TOTAL / AVG 83.3% avg$898$898$6602-$35623.978-41.280-9.968944.3% avg2.419.77-51.9%
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.