Portfolio Analysis — live-active-by-symbol-2026-07-16_09-20

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
SNOW2.990 2.990
ORCL2.101 2.101
NBIS1.978 1.978
PEP1.825 1.825
ADBE1.804 1.804
HD1.526 1.526
WMT1.468 1.468
CRM1.466 1.466
CRWD1.388 1.388
LULU1.352 1.352
BABA1.196 1.196
TGT1.172 1.172
ASTS0.031 0.031
TOTAL1.9780.03118.288 20.296

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
ASTS14.024 14.024
ORCL4.936 4.936
NBIS3.877 3.877
CRM3.832 3.832
ADBE2.880 2.880
SNOW2.844 2.844
TGT2.833 2.833
HD2.233 2.233
CRWD1.810 1.810
LULU-6.410 -6.410
BABA-7.869 -7.869
WMT-9.149 -9.149
PEP-13.881 -13.881
TOTAL3.87714.024-15.939 1.961

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
PEP-1.192 -1.192
WMT-1.013 -1.013
NBIS-0.954 -0.954
LULU-0.477 -0.477
ORCL-0.477 -0.477
CRM-0.358 -0.358
ADBE-0.238 -0.238
BABA-0.238 -0.238
SNOW-0.238 -0.238
TGT-0.238 -0.238
CRWD-0.119 -0.119
ASTS0.000 0.000
HD0.000 0.000
TOTAL-0.9540.000-4.590 -5.543

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-4.764 -4.764
SNOW-3.581 -3.581
HD-3.449 -3.449
WMT-3.442 -3.442
ADBE-2.812 -2.812
ORCL-2.795 -2.795
CRM-2.583 -2.583
LULU-2.114 -2.114
TGT-1.959 -1.959
BABA-1.897 -1.897
CRWD-1.697 -1.697
NBIS-0.429 -0.429
ASTS-0.018 -0.018
TOTAL-0.429-0.018-31.094 -31.541

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
SNOW Aug 21, 26 SNOW Aug 21st 200/210 Bull Put Spread 12.541
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 11.640
ADBE Aug 21, 26 ADBE Aug 21st 185/190 Bull Put Spread 7.566
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 5.016
TGT Aug 21, 26 TGT Aug 21st 110/115 Bull Put Spread 4.916
CRM Aug 21, 26 CRM Aug 21st 140/145 Bull Put Spread 4.099
LULU Aug 21, 26 LULU Aug 21st 135/140 Bear Call Spread 2.836
ORCL Aug 21, 26 ORCL Aug 21st 115/120 Bull Put Spread 2.311
NBIS Jul 31, 26 NBIS Jul 31st 170/175 Bull Put Spread 2.074
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 1.531
WMT Aug 21, 26 WMT Aug 21st 125/130 Bear Call Spread 1.449
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread —
HD Aug 21, 26 HD Aug 21st 300/305 Bull Put Spread —
ORCL Aug 21, 26 ORCL Aug 21st 160/165 Bear Call 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 4.613
ASTS Aug 7, 26 ASTS Aug 7th 55/60 Bull Put Spread 1.701
SNOW Aug 21, 26 SNOW Aug 21st 200/210 Bull Put Spread 0.835
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 0.818
ORCL Aug 21, 26 ORCL Aug 21st 160/165 Bear Call Spread 0.808
ORCL Aug 21, 26 ORCL Aug 21st 115/120 Bull Put Spread 0.707
ADBE Aug 21, 26 ADBE Aug 21st 185/190 Bull Put Spread 0.642
LULU Aug 21, 26 LULU Aug 21st 135/140 Bear Call Spread 0.640
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 0.630
TGT Aug 21, 26 TGT Aug 21st 110/115 Bull Put Spread 0.598
CRM Aug 21, 26 CRM Aug 21st 140/145 Bull Put Spread 0.568
HD Aug 21, 26 HD Aug 21st 300/305 Bull Put Spread 0.442
WMT Aug 21, 26 WMT Aug 21st 125/130 Bear Call Spread 0.427
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 0.383

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 1454.8%$78$78$422-$1481.978-0.429-0.9537138.9%2.074.61-217.3%-40.2%
ASTS Bull Put Aug 7, 26 2140.7%$78$78$422-$2180.031-0.0180.000099.4%—1.70-281.4%-52.0%
SNOW Bull Put Aug 21, 26 3589.5%$126$126$874$212.990-3.581-0.238466.1%12.540.8329.8%—
PEP Bear Call Aug 21, 26 3576.4%$70$70$430-$481.825-4.764-1.192123.2%1.530.38-45.7%-7.4%
ADBE Bull Put Aug 21, 26 3592.5%$62$62$438$241.804-2.812-0.238447.5%7.570.646.5%—
HD Bull Put Aug 21, 26 3591.5%$77$77$424$341.526-3.4490.000034.2%—0.4438.6%—
WMT Bear Call Aug 21, 26 3583.2%$53$53$448-$311.468-3.442-1.013329.6%1.450.43-11.4%-1.3%
CRM Bull Put Aug 21, 26 3586.9%$73$73$427$81.466-2.583-0.357646.8%4.100.5723.3%—
CRWD Bull Put Aug 21, 26 3591.1%$65$65$435$201.388-1.697-0.119267.5%11.640.8233.9%—
LULU Bear Call Aug 21, 26 3582.1%$65$65$435-$241.352-2.114-0.476846.2%2.840.64-7.7%-1.1%
BABA Bear Call Aug 21, 26 3574.2%$60$60$440-$691.196-1.897-0.238446.7%5.020.63-61.7%-8.4%
TGT Bull Put Aug 21, 26 3599.7%$72$72$428$701.172-1.959-0.238449.4%4.920.6056.3%—
ORCL Bull Put Aug 21, 26 3562.4%$75$75$425-$1131.102-1.558-0.476860.7%2.310.71-140.0%-24.7%
ORCL Bear Call Aug 21, 26 3589.1%$65$65$435$110.999-1.2370.000064.0%—0.8142.3%—
TOTAL / AVG —79.6% avg$1018$1018$6482-$46420.296-31.541-5.543258.6% avg3.6613.81-534.8%-6.1%
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.