Portfolio Analysis — live-active-by-symbol-2026-05-01_13-49

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 29, 26Jun 5, 26Jun 12, 26Total
ORCL3.744 3.744
C1.4761.185 2.661
DAL2.017 2.017
ZS1.815 1.815
NEM1.738 1.738
CRM1.722 1.722
STZ1.618 1.618
AA1.596 1.596
PG1.530 1.530
JNJ1.486 1.486
WFC1.396 1.396
BA1.272 1.272
PDD1.235 1.235
NOW0.931 0.931
TOTAL14.3616.6563.744 24.761

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 29, 26Jun 5, 26Jun 12, 26Total
C7.3206.241 13.561
WFC10.286 10.286
STZ10.051 10.051
NEM9.651 9.651
AA9.140 9.140
DAL8.866 8.866
ORCL6.020 6.020
BA5.028 5.028
CRM3.853 3.853
ZS-3.287 -3.287
NOW-4.439 -4.439
JNJ-4.847 -4.847
PDD-5.236 -5.236
PG-11.674 -11.674
TOTAL36.1474.8076.020 46.974

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 29, 26Jun 5, 26Jun 12, 26Total
WFC-2.056 -2.056
C-1.013-0.596 -1.609
PG-1.550 -1.550
AA-1.401 -1.401
DAL-1.326 -1.326
STZ-0.775 -0.775
NEM-0.715 -0.715
JNJ-0.626 -0.626
PDD-0.596 -0.596
NOW-0.477 -0.477
ORCL-0.477 -0.477
BA-0.238 -0.238
CRM-0.238 -0.238
ZS-0.119 -0.119
TOTAL-8.151-3.576-0.477 -12.204

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 29, 26Jun 5, 26Jun 12, 26Total
C-2.940-2.926 -5.866
PG-5.519 -5.519
JNJ-4.150 -4.150
STZ-3.861 -3.861
ORCL-3.563 -3.563
BA-3.478 -3.478
WFC-2.987 -2.987
NEM-2.863 -2.863
DAL-2.389 -2.389
CRM-2.110 -2.110
AA-1.959 -1.959
PDD-1.712 -1.712
NOW-1.406 -1.406
ZS-1.290 -1.290
TOTAL-23.398-16.193-3.563 -43.153

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 15.228
ORCL Jun 12, 26 ORCL Jun 12th 140/145 Bull Put Spread 7.852
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 7.222
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 5.334
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 2.430
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 2.374
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 2.088
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 2.071
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 1.989
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 1.953
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 1.521
C May 29, 26 C May 29th 112/117 Bull Put Spread 1.457
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 1.139
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.987
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.679

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 1.407
ORCL Jun 12, 26 ORCL Jun 12th 140/145 Bull Put Spread 1.051
DAL May 29, 26 DAL May 29th 55/60 Bull Put Spread 0.844
CRM May 29, 26 CRM May 29th 155/160 Bull Put Spread 0.816
AA May 29, 26 AA May 29th 50/55 Bull Put Spread 0.814
PDD May 29, 26 PDD May 29th 115/120 Bear Call Spread 0.721
NOW Jun 5, 26 NOW Jun 5th 110/115 Bear Call Spread 0.662
NEM Jun 5, 26 NEM Jun 5th 95/100 Bull Put Spread 0.607
C May 29, 26 C May 29th 112/117 Bull Put Spread 0.502
WFC May 29, 26 WFC May 29th 70/75 Bull Put Spread 0.468
STZ May 29, 26 STZ May 29th 140/145 Bull Put Spread 0.419
C Jun 5, 26 C Jun 5th 110/115 Bull Put Spread 0.405
BA Jun 5, 26 BA Jun 5th 205/210 Bull Put Spread 0.366
JNJ May 29, 26 JNJ May 29th 245/250 Bear Call Spread 0.358
PG Jun 5, 26 PG Jun 5th 155/160 Bear Call Spread 0.277

Position Scorecard

Each column normalized independently. Grouped by expiration, sorted by Theta within each group.

SymbolTypeExpiryChanceCreditMax ProfitMax LossEVΘ ThetaVegaΓ GammaIVΘ/|Γ|Θ/|V|Return
DAL Bull Put May 29, 26 85.8%$58$58$442-$132.017-2.389-1.326249.3%1.520.8417.2%
ZS Bear Call May 29, 26 85.9%$56$56$444-$151.815-1.290-0.119275.5%15.231.41-1.8%
CRM Bull Put May 29, 26 81.3%$57$57$443-$361.722-2.110-0.238457.2%7.220.82-21.9%
STZ Bull Put May 29, 26 75.3%$50$50$450-$741.618-3.861-0.774929.9%2.090.42-70.0%
AA Bull Put May 29, 26 82.1%$55$55$445-$351.596-1.959-1.400756.6%1.140.817.3%
JNJ Bear Call May 29, 26 86.3%$50$50$450-$191.486-4.150-0.625820.2%2.370.3637.0%
C Bull Put May 29, 26 86.2%$62$62$438-$71.476-2.940-1.013336.7%1.460.5012.1%
WFC Bull Put May 29, 26 87.8%$50$50$450-$111.396-2.987-2.056432.7%0.680.4719.0%
PDD Bear Call May 29, 26 86.8%$52$52$448-$141.235-1.712-0.596046.0%2.070.7234.6%
NEM Bull Put Jun 5, 26 73.6%$70$70$430-$621.738-2.863-0.715345.8%2.430.61-60.7%
PG Bear Call Jun 5, 26 83.3%$75$75$425-$91.530-5.519-1.549718.4%0.990.2821.3%
BA Bull Put Jun 5, 26 77.7%$74$74$426-$371.272-3.478-0.238433.5%5.330.37-2.0%
C Bull Put Jun 5, 26 87.0%$61$61$439-$41.185-2.926-0.596036.8%1.990.4116.4%
NOW Bear Call Jun 5, 26 85.1%$52$52$448-$230.931-1.406-0.476854.3%1.950.6632.7%
ORCL Bull Put Jun 12, 26 78.6%$100$100$400-$73.744-3.563-0.476863.4%7.851.05-105.5%
TOTAL / AVG 82.9% avg$922$922$6578-$36424.761-43.153-12.204143.8% avg2.039.72-64.3%
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.