Portfolio Analysis — live-active-by-symbol-2026-07-03_14-34

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, 26Aug 7, 26Total
NBIS1.4563.094 4.550
FCX2.907 2.907
DRAM2.406 2.406
IONQ2.083 2.083
ASTS2.072 2.072
AVGO1.942 1.942
MRVL1.806 1.806
IWM1.353 1.353
NVDA1.277 1.277
TOTAL2.9071.45610.7415.291 20.395

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, 26Aug 7, 26Total
FCX24.743 24.743
IONQ13.701 13.701
DRAM10.645 10.645
NBIS2.8992.394 5.293
IWM4.758 4.758
ASTS3.989 3.989
NVDA3.562 3.562
MRVL2.074 2.074
AVGO-2.434 -2.434
TOTAL24.7432.89933.5725.117 66.331

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, 26Aug 7, 26Total
FCX-2.146 -2.146
DRAM-0.477 -0.477
IONQ-0.477 -0.477
ASTS-0.358 -0.358
IWM-0.238 -0.238
NVDA-0.238 -0.238
NBIS0.0000.000 0.000
AVGO0.477 0.477
MRVL0.954 0.954
TOTAL-2.1460.000-0.238-0.119 -2.503

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, 26Aug 7, 26Total
IWM-4.212 -4.212
NVDA-2.496 -2.496
AVGO-2.324 -2.324
NBIS-0.537-1.130 -1.667
FCX-1.638 -1.638
ASTS-1.395 -1.395
MRVL-1.276 -1.276
IONQ-1.275 -1.275
DRAM-0.916 -0.916
TOTAL-1.638-0.537-8.809-6.215 -17.199

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 5.794
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 5.674
NVDA Aug 7, 26 NVDA Aug 7th 165/170 Bull Put Spread 5.356
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 5.045
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 4.368
AVGO Aug 7, 26 AVGO Aug 7th 415/420 Bear Call Spread 4.073
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 1.894
FCX Jul 17, 26 FCX Jul 17th 55/60 Bull Put Spread 1.355
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread —
NBIS Jul 24, 26 NBIS Jul 24th 200/205 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|
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread 2.738
NBIS Jul 24, 26 NBIS Jul 24th 200/205 Bull Put Spread 2.712
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 2.626
FCX Jul 17, 26 FCX Jul 17th 55/60 Bull Put Spread 1.774
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 1.633
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 1.485
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 1.416
AVGO Aug 7, 26 AVGO Aug 7th 415/420 Bear Call Spread 0.836
NVDA Aug 7, 26 NVDA Aug 7th 165/170 Bull Put Spread 0.511
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 0.321

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 1360.5%$80$80$420-$1172.907-1.638-2.145858.1%1.351.77-89.4%-17.0%
NBIS Bull Put Jul 24, 26 2057.0%$100$100$400-$1151.456-0.5370.0000132.0%—2.71-132.5%-33.1%
NBIS Bull Put Jul 31, 26 2771.9%$78$78$422-$623.094-1.1300.0000134.1%—2.74-146.8%-27.1%
DRAM Bull Put Jul 31, 26 2760.1%$76$76$424-$1232.406-0.916-0.4768112.2%5.042.63-222.4%-39.9%
IONQ Bull Put Jul 31, 26 2766.3%$99$99$401-$702.083-1.275-0.476896.2%4.371.63-67.2%-16.6%
MRVL Bull Put Jul 31, 26 2776.8%$72$72$428-$441.806-1.2760.9537103.9%1.891.42-45.8%-7.7%
IWM Bull Put Jul 31, 26 2783.7%$73$73$427-$81.353-4.212-0.238425.1%5.670.3222.6%—
ASTS Bull Put Aug 7, 26 3486.5%$78$78$422$102.072-1.395-0.3576110.1%5.791.494.5%—
AVGO Bear Call Aug 7, 26 3482.3%$66$66$434-$231.942-2.3240.476849.4%4.070.84-40.1%-6.1%
NVDA Bull Put Aug 7, 26 3484.7%$60$60$440-$171.277-2.496-0.238445.7%5.360.515.0%—
TOTAL / AVG —73.0% avg$782$782$4218-$56920.395-17.199-2.503486.7% avg8.1516.05-712.1%-14.0%
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.