Portfolio Analysis — live-active-by-symbol-2026-07-06_15-03

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 31, 26Aug 7, 26Total
NBIS3.241 3.241
MRVL2.328 2.328
ASTS2.315 2.315
IONQ2.302 2.302
DRAM1.927 1.927
AVGO1.631 1.631
NVDA1.400 1.400
IWM1.336 1.336
TOTAL11.1345.347 16.480

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 31, 26Aug 7, 26Total
IONQ14.795 14.795
DRAM9.270 9.270
ASTS4.943 4.943
IWM3.987 3.987
NVDA3.375 3.375
NBIS2.480 2.480
MRVL2.046 2.046
AVGO-2.666 -2.666
TOTAL32.5775.652 38.229

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 31, 26Aug 7, 26Total
NBIS-1.907 -1.907
AVGO-0.954 -0.954
IONQ-0.954 -0.954
IWM-0.417 -0.417
ASTS-0.358 -0.358
DRAM-0.238 -0.238
NVDA-0.238 -0.238
MRVL0.000 0.000
TOTAL-3.517-1.550 -5.066

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 31, 26Aug 7, 26Total
IWM-3.856 -3.856
NVDA-2.466 -2.466
AVGO-1.926 -1.926
ASTS-1.483 -1.483
MRVL-1.366 -1.366
IONQ-1.318 -1.318
DRAM-1.191 -1.191
NBIS-1.065 -1.065
TOTAL-8.796-5.875 -14.671

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 8.082
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 6.474
NVDA Aug 7, 26 NVDA Aug 7th 165/170 Bull Put Spread 5.874
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 3.203
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 2.414
AVGO Aug 7, 26 AVGO Aug 7th 415/420 Bear Call Spread 1.710
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread 1.699
MRVL Jul 31, 26 MRVL Jul 31st 195/200 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 3.043
IONQ Jul 31, 26 IONQ Jul 31st 40/45 Bull Put Spread 1.746
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 1.704
DRAM Jul 31, 26 DRAM Jul 31st 52/57 Bull Put Spread 1.618
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 1.561
AVGO Aug 7, 26 AVGO Aug 7th 415/420 Bear Call Spread 0.847
NVDA Aug 7, 26 NVDA Aug 7th 165/170 Bull Put Spread 0.568
IWM Jul 31, 26 IWM Jul 31st 275/280 Bull Put Spread 0.347

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
NBIS Bull Put Jul 31, 26 2471.1%$78$78$422-$673.241-1.065-1.9073137.2%1.703.04-140.4%-25.9%
MRVL Bull Put Jul 31, 26 2480.0%$72$72$428-$282.328-1.3660.0000100.8%—1.70-28.5%-4.8%
IONQ Bull Put Jul 31, 26 2466.3%$99$99$401-$702.302-1.318-0.953792.8%2.411.75-58.6%-14.5%
DRAM Bull Put Jul 31, 26 2469.2%$76$76$424-$781.927-1.191-0.2384104.3%8.081.62-71.0%-12.7%
IWM Bull Put Jul 31, 26 2485.3%$73$73$427-$11.336-3.856-0.417224.2%3.200.3546.6%—
ASTS Bull Put Aug 7, 26 3183.2%$78$78$422-$62.315-1.483-0.3576104.0%6.471.56-4.5%-0.8%
AVGO Bear Call Aug 7, 26 3176.5%$66$66$434-$521.631-1.926-0.953749.5%1.710.85-62.9%-9.6%
NVDA Bull Put Aug 7, 26 3186.2%$60$60$440-$91.400-2.466-0.238444.5%5.870.5719.2%—
TOTAL / AVG —77.2% avg$602$602$3398-$31016.480-14.671-5.066482.2% avg3.2511.43-300.1%-7.1%
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.