Portfolio Analysis — live-active-by-symbol-2026-07-15_09-10

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, 26Aug 21, 26Total
NBIS3.513 3.513
SNOW2.624 2.624
ORCL2.486 2.486
ASTS2.447 2.447
MRVL1.932 1.932
ADBE1.772 1.772
CRWD1.664 1.664
PEP1.605 1.605
CRM1.481 1.481
WMT1.357 1.357
TGT1.234 1.234
LULU1.193 1.193
BABA1.093 1.093
HD0.992 0.992
TOTAL5.4452.44717.503 25.394

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, 26Aug 21, 26Total
ASTS10.394 10.394
MRVL4.630 4.630
CRM3.914 3.914
TGT3.244 3.244
NBIS3.147 3.147
ADBE2.900 2.900
ORCL2.895 2.895
SNOW2.737 2.737
HD2.005 2.005
CRWD1.967 1.967
LULU-6.613 -6.613
BABA-7.746 -7.746
WMT-8.428 -8.428
PEP-11.282 -11.282
TOTAL7.77710.394-14.408 3.763

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, 26Aug 21, 26Total
MRVL-0.954 -0.954
PEP-0.894 -0.894
WMT-0.894 -0.894
ORCL-0.596 -0.596
ADBE-0.358 -0.358
ASTS-0.358 -0.358
LULU-0.358 -0.358
TGT-0.298 -0.298
CRWD-0.238 -0.238
CRM-0.119 -0.119
HD-0.119 -0.119
BABA0.000 0.000
NBIS0.000 0.000
SNOW0.000 0.000
TOTAL-0.954-0.358-3.874 -5.186

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, 26Aug 21, 26Total
PEP-4.437 -4.437
SNOW-3.465 -3.465
WMT-3.334 -3.334
ORCL-3.311 -3.311
ADBE-2.930 -2.930
HD-2.855 -2.855
CRM-2.672 -2.672
TGT-2.169 -2.169
LULU-1.985 -1.985
CRWD-1.947 -1.947
BABA-1.670 -1.670
ASTS-1.288 -1.288
NBIS-0.830 -0.830
MRVL-0.820 -0.820
TOTAL-1.651-1.288-30.775 -33.713

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
CRM Aug 21, 26 CRM Aug 21st 140/145 Bull Put Spread 12.425
ORCL Aug 21, 26 ORCL Aug 21st 160/165 Bear Call Spread 9.754
HD Aug 21, 26 HD Aug 21st 300/305 Bull Put Spread 8.326
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 6.980
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 6.842
ADBE Aug 21, 26 ADBE Aug 21st 185/190 Bull Put Spread 4.956
TGT Aug 21, 26 TGT Aug 21st 110/115 Bull Put Spread 4.140
LULU Aug 21, 26 LULU Aug 21st 135/140 Bear Call Spread 3.337
ORCL Aug 21, 26 ORCL Aug 21st 115/120 Bull Put Spread 2.776
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 2.026
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 1.795
WMT Aug 21, 26 WMT Aug 21st 125/130 Bear Call Spread 1.518
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread —
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread —
SNOW Aug 21, 26 SNOW Aug 21st 200/210 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 4.231
MRVL Jul 31, 26 MRVL Jul 31st 195/200 Bull Put Spread 2.355
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 1.900
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 0.855
ORCL Aug 21, 26 ORCL Aug 21st 160/165 Bear Call Spread 0.810
SNOW Aug 21, 26 SNOW Aug 21st 200/210 Bull Put Spread 0.757
ORCL Aug 21, 26 ORCL Aug 21st 115/120 Bull Put Spread 0.706
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 0.655
ADBE Aug 21, 26 ADBE Aug 21st 185/190 Bull Put Spread 0.605
LULU Aug 21, 26 LULU Aug 21st 135/140 Bear Call Spread 0.601
TGT Aug 21, 26 TGT Aug 21st 110/115 Bull Put Spread 0.569
CRM Aug 21, 26 CRM Aug 21st 140/145 Bull Put Spread 0.554
WMT Aug 21, 26 WMT Aug 21st 125/130 Bear Call Spread 0.407
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 0.362
HD Aug 21, 26 HD Aug 21st 300/305 Bull Put Spread 0.348

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 1567.4%$78$78$422-$853.513-0.8300.0000141.7%—4.23-134.0%-24.8%
MRVL Bull Put Jul 31, 26 1560.0%$72$72$428-$1281.932-0.820-0.953794.1%2.032.36-174.3%-29.3%
ASTS Bull Put Aug 7, 26 2269.1%$78$78$422-$772.447-1.288-0.357697.6%6.841.90-87.2%-16.1%
SNOW Bull Put Aug 21, 26 3689.8%$126$126$874$242.624-3.4650.000064.3%—0.7635.3%—
ADBE Bull Put Aug 21, 26 3685.6%$62$62$438-$101.772-2.930-0.357645.6%4.960.608.9%—
CRWD Bull Put Aug 21, 26 3690.8%$65$65$435$191.664-1.947-0.238465.9%6.980.8525.4%—
PEP Bear Call Aug 21, 26 3681.7%$70$70$430-$211.605-4.437-0.894124.3%1.800.36-12.9%-2.1%
CRM Bull Put Aug 21, 26 3686.4%$73$73$427$51.481-2.672-0.119246.2%12.420.5520.6%—
WMT Bear Call Aug 21, 26 3685.5%$53$53$448-$201.357-3.334-0.894129.6%1.520.410.0%—
ORCL Bull Put Aug 21, 26 3669.2%$75$75$425-$791.324-1.875-0.476862.3%2.780.71-93.3%-16.5%
TGT Bull Put Aug 21, 26 3696.7%$72$72$428$561.234-2.169-0.298047.7%4.140.5750.0%—
LULU Bear Call Aug 21, 26 3677.9%$65$65$435-$451.193-1.985-0.357646.7%3.340.60-18.5%-2.8%
ORCL Bear Call Aug 21, 26 3684.7%$65$65$435-$121.163-1.436-0.119262.5%9.750.8113.1%—
BABA Bear Call Aug 21, 26 3672.1%$60$60$440-$791.093-1.6700.000049.5%—0.65-79.2%-10.8%
HD Bull Put Aug 21, 26 3688.1%$77$77$424$170.992-2.855-0.119234.5%8.330.3547.7%—
TOTAL / AVG —80.3% avg$1090$1090$6910-$43525.394-33.713-5.185660.8% avg4.9015.71-398.4%-4.0%
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.