Portfolio Analysis — live-active-by-symbol-2026-05-01_08-11

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
ORCL2.459 2.459
CRM2.198 2.198
C1.5240.615 2.139
ZS1.936 1.936
NEM1.842 1.842
AA1.701 1.701
BA1.317 1.317
DAL1.273 1.273
STZ1.268 1.268
WFC1.194 1.194
JNJ1.052 1.052
PDD0.936 0.936
PG0.886 0.886
NOW0.794 0.794
TOTAL2.45913.0835.454 20.996

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
C6.3044.096 10.400
AA9.267 9.267
WFC8.609 8.609
NEM8.450 8.450
DAL7.342 7.342
STZ7.239 7.239
ORCL5.191 5.191
CRM5.167 5.167
BA4.659 4.659
ZS-2.862 -2.862
NOW-3.498 -3.498
JNJ-4.381 -4.381
PDD-4.478 -4.478
PG-11.793 -11.793
TOTAL5.19132.2061.915 39.311

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
PG-1.550 -1.550
AA-1.311 -1.311
C-0.745-0.477 -1.222
DAL-1.192 -1.192
STZ-0.656 -0.656
NEM-0.596 -0.596
JNJ-0.566 -0.566
PDD-0.536 -0.536
CRM-0.477 -0.477
BA-0.358 -0.358
NOW-0.358 -0.358
ZS-0.238 -0.238
ORCL-0.119 -0.119
TOTAL-0.119-7.600-3.338 -11.057

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-2.880-2.134 -5.014
PG-4.515 -4.515
JNJ-3.673 -3.673
BA-3.488 -3.488
STZ-3.423 -3.423
NEM-2.756 -2.756
WFC-2.648 -2.648
CRM-2.544 -2.544
ORCL-2.166 -2.166
AA-2.013 -2.013
DAL-1.883 -1.883
PDD-1.440 -1.440
ZS-1.215 -1.215
NOW-1.144 -1.144
TOTAL-2.166-21.719-14.038 -37.923

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 20.626
ZS May 29, 26 ZS May 29th 175/180 Bear Call Spread 8.120
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 4.610
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 3.682
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 3.090
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 2.221
C May 29, 26 C May 29th 112/117 Bull Put Spread 2.045
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 1.934
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 1.858
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 1.745
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.297
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 1.289
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.068
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.636
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.572

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 1.594
ORCL May 22, 26 ORCL May 22nd 145/150 Bull Put Spread 1.135
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.864
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.845
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.694
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.676
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.668
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.650
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.529
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.451
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.378
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.370
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 0.288
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.286
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.196

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 81.1%$76$76$424-$192.459-2.166-0.119257.0%20.631.13-2.0%
CRM Bull Put May 29, 26 78.5%$57$57$443-$502.198-2.544-0.476852.7%4.610.86-67.5%
ZS Bear Call May 29, 26 90.8%$56$56$444$101.936-1.215-0.238482.2%8.121.5912.5%
AA Bull Put May 29, 26 83.0%$55$55$445-$301.701-2.013-1.311356.9%1.300.852.7%
C Bull Put May 29, 26 87.9%$62$62$438$21.524-2.880-0.745136.5%2.050.5326.6%
DAL Bull Put May 29, 26 87.0%$58$58$442-$71.273-1.883-1.192150.4%1.070.6837.9%
STZ Bull Put May 29, 26 80.7%$50$50$450-$461.268-3.423-0.655729.9%1.930.37-5.0%
WFC Bull Put May 29, 26 88.5%$50$50$450-$81.194-2.648-1.877533.6%0.640.4534.0%
JNJ Bear Call May 29, 26 84.9%$50$50$450-$261.052-3.673-0.566219.2%1.860.2950.0%
PDD Bear Call May 29, 26 91.3%$52$52$448$80.936-1.440-0.536448.3%1.750.6545.2%
NEM Bull Put Jun 5, 26 78.0%$70$70$430-$401.842-2.756-0.596049.6%3.090.67-52.1%
BA Bull Put Jun 5, 26 78.9%$74$74$426-$311.317-3.488-0.357633.6%3.680.386.8%
PG Bear Call Jun 5, 26 75.6%$75$75$425-$470.886-4.515-1.549718.6%0.570.2024.0%
NOW Bear Call Jun 5, 26 100.0%$52$52$448$520.794-1.144-0.357659.4%2.220.6947.1%
C Bull Put Jun 5, 26 89.0%$61$61$439$60.615-2.134-0.476837.0%1.290.2955.7%
TOTAL / AVG 85.0% avg$898$898$6602-$22620.996-37.923-11.056744.3% avg1.909.63215.9%
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.