Portfolio Analysis — live-active-by-symbol-2026-07-02_08-30

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.

SymbolJul 17, 26Jul 24, 26Jul 31, 26Total
NBIS1.4652.348 3.813
MRVL3.685 3.685
FCX2.570 2.570
IONQ2.096 2.096
DRAM1.730 1.730
IWM1.209 1.209
HOOD0.822 0.822
AAPL0.446 0.446
TOTAL2.5702.28711.515 16.372

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.

SymbolJul 17, 26Jul 24, 26Jul 31, 26Total
FCX25.929 25.929
IONQ11.048 11.048
DRAM10.155 10.155
NBIS2.8902.146 5.035
IWM4.072 4.072
MRVL2.282 2.282
HOOD1.688 1.688
AAPL-8.185 -8.185
TOTAL25.9294.57821.518 52.025

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).

SymbolJul 17, 26Jul 24, 26Jul 31, 26Total
FCX-1.907 -1.907
IONQ-1.073 -1.073
IWM-0.358 -0.358
DRAM-0.238 -0.238
HOOD-0.149 -0.149
AAPL0.477 0.477
MRVL0.477 0.477
NBIS1.9070.000 1.907
TOTAL-1.9071.758-0.715 -0.864

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.

SymbolJul 17, 26Jul 24, 26Jul 31, 26Total
IWM-3.994 -3.994
MRVL-1.924 -1.924
NBIS-0.700-1.187 -1.887
FCX-1.597 -1.597
IONQ-1.491 -1.491
DRAM-1.191 -1.191
HOOD-0.782 -0.782
AAPL-0.074 -0.074
TOTAL-1.597-1.482-9.861 -12.940

Theta / |Gamma| Quality

Daily time decay collected per unit of convexity risk. Higher = better compensated. Sorted best → worst.

SymbolExpiryPositionΘ / |Γ|
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 7.728
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 7.258
HOOD Jul 24, 26 HOOD Jul 24th 84/89 Bull Put Spread 5.515
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 3.382
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 1.953
FCX Jul 17, 26 FCX Jul 17th 55/60 Bull Put Spread 1.347
AAPL Jul 31, 26 AAPL Jul 31st 305/310 Bear Call Spread 0.936
NBIS Jul 24, 26 NBIS Jul 24th 200/205 Bull Put Spread 0.768
NBIS Jul 31, 26 NBIS Jul 31st 170/175 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|
AAPL Jul 31, 26 AAPL Jul 31st 305/310 Bear Call Spread 5.992
NBIS Jul 24, 26 NBIS Jul 24th 200/205 Bull Put Spread 2.091
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread 1.978
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 1.915
FCX Jul 17, 26 FCX Jul 17th 55/60 Bull Put Spread 1.610
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 1.453
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 1.405
HOOD Jul 24, 26 HOOD Jul 24th 84/89 Bull Put Spread 1.051
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 0.303

Position Scorecard

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

SymbolTypeExpiryDTEChanceCreditMax ProfitMax LossEVΘ ThetaVegaΓ GammaIVΘ/|Γ|Θ/|V|ReturnLoss/Risk
FCX Bull Put Jul 17, 26 1458.0%$80$80$420-$1302.570-1.597-1.907355.5%1.351.61-108.1%-20.6%
NBIS Bull Put Jul 24, 26 2160.4%$100$100$400-$981.465-0.7001.9073122.8%0.772.09-102.5%-25.6%
HOOD Bull Put Jul 24, 26 2192.5%$74$74$426$370.822-0.782-0.149078.5%5.511.0580.4%—
MRVL Bull Put Jul 31, 26 2883.4%$72$72$428-$113.685-1.9240.476897.5%7.731.92-77.1%-13.0%
NBIS Bull Put Jul 31, 26 2875.0%$78$78$422-$472.348-1.1870.0000125.0%—1.98-79.5%-14.7%
IONQ Bull Put Jul 31, 26 2873.5%$99$99$401-$342.096-1.491-1.072992.6%1.951.41-16.2%-4.0%
DRAM Bull Put Jul 31, 26 2864.7%$76$76$424-$1011.730-1.191-0.238499.0%7.261.45-113.2%-20.3%
IWM Bull Put Jul 31, 26 2885.0%$73$73$427-$21.209-3.994-0.357625.0%3.380.3035.6%—
AAPL Bear Call Jul 31, 26 2850.7%$66$66$434-$1810.446-0.0740.476828.1%0.945.99-263.6%-40.1%
TOTAL / AVG —71.5% avg$718$718$3782-$56616.372-12.940-0.864380.4% avg18.9417.80-644.1%-13.1%
Column guide — EV & Greeks
DTE
Days to expiration as of when this report was generated. Highlighted in amber when ≤ 21 — the target window to close or roll positions to avoid gamma risk and assignment complications near expiry.
Loss/Risk
Current loss expressed as a percentage of maximum possible loss (i.e. the capital at risk). Only shown for losing positions — blank for positions currently at a gain. Formula: (current P&L / max loss) × 100. Highlighted in red when ≤ −25%, which is the stop-loss close-out threshold. Unlike Return (which is % of max profit), this metric uses the same denominator as the actual risk taken.
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. Highlighted in green when ≥ 50%, the take-profit close-out threshold. Colour is diverging: green for positive return, red for negative.
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.