Portfolio Analysis — live-active-by-symbol-2026-07-23_14-32

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.

SymbolAug 21, 26Aug 28, 26Total
SNOW4.300 4.300
BABA1.7661.674 3.439
IWM2.865 2.865
DAL1.877 1.877
PEP1.734 1.734
AVGO1.701 1.701
CRM1.683 1.683
CRWD1.542 1.542
NFLX0.879 0.879
TOTAL11.0248.995 20.019

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.

SymbolAug 21, 26Aug 28, 26Total
DAL14.886 14.886
NFLX8.765 8.765
CRM7.086 7.086
SNOW3.520 3.520
CRWD3.483 3.483
BABA-6.4937.262 0.769
IWM-0.675 -0.675
AVGO-2.499 -2.499
PEP-8.958 -8.958
TOTAL-1.36327.740 26.377

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).

SymbolAug 21, 26Aug 28, 26Total
DAL-1.431 -1.431
NFLX-1.401 -1.401
PEP-1.103 -1.103
IWM-0.954 -0.954
BABA-0.477-0.358 -0.834
CRWD-0.477 -0.477
AVGO0.000 0.000
CRM0.000 0.000
SNOW0.119 0.119
TOTAL-1.937-4.143 -6.080

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.

SymbolAug 21, 26Aug 28, 26Total
IWM-11.592 -11.592
BABA-2.021-2.798 -4.819
PEP-3.897 -3.897
SNOW-3.726 -3.726
DAL-3.632 -3.632
CRM-2.541 -2.541
NFLX-2.117 -2.117
AVGO-2.023 -2.023
CRWD-1.839 -1.839
TOTAL-14.024-22.162 -36.186

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 36.072
BABA Aug 28, 26 BABA Aug 28th 96/101 Bull Put Spread 4.680
IWM Aug 28, 26 IWM Aug 28th 310/315 Bear Call Spread 4.319
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 3.703
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 3.233
IWM Aug 28, 26 IWM Aug 28th 275/280 Bull Put Spread 1.688
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 1.572
DAL Aug 28, 26 DAL Aug 28th 70/76 Bull Put Spread 1.312
NFLX Aug 28, 26 NFLX Aug 28th 60/63 Bull Put Spread 0.628
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread —
CRM Aug 21, 26 CRM Aug 21st 140/145 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|
SNOW Aug 21, 26 SNOW Aug 21st 200/210 Bull Put Spread 1.154
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 0.873
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread 0.841
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 0.838
CRM Aug 21, 26 CRM Aug 21st 140/145 Bull Put Spread 0.662
BABA Aug 28, 26 BABA Aug 28th 96/101 Bull Put Spread 0.598
DAL Aug 28, 26 DAL Aug 28th 70/76 Bull Put Spread 0.517
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 0.445
NFLX Aug 28, 26 NFLX Aug 28th 60/63 Bull Put Spread 0.415
IWM Aug 28, 26 IWM Aug 28th 310/315 Bear Call Spread 0.279
IWM Aug 28, 26 IWM Aug 28th 275/280 Bull Put Spread 0.192

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
SNOW Bull Put Aug 21, 26 2888.3%$126$126$874$94.300-3.7260.119269.6%36.071.1515.9%—
BABA Bear Call Aug 21, 26 2883.2%$60$60$440-$241.766-2.021-0.476849.7%3.700.87-5.8%-0.8%
PEP Bear Call Aug 21, 26 2886.7%$70$70$430$41.734-3.897-1.102725.2%1.570.4430.0%—
CRM Bull Put Aug 21, 26 2873.7%$73$73$427-$591.683-2.5410.000047.1%—0.66-48.6%-8.3%
CRWD Bull Put Aug 21, 26 2880.0%$65$65$435-$351.542-1.839-0.476865.3%3.230.84-13.1%-2.0%
IWM Bear Call Aug 28, 26 3579.7%$65$65$436-$372.060-7.393-0.476816.5%4.320.282.3%—
DAL Bull Put Aug 28, 26 3575.2%$79$79$521-$701.877-3.632-1.430542.0%1.310.52-43.7%-6.6%
AVGO Bear Call Aug 28, 26 3576.9%$73$73$427-$431.701-2.0230.000050.0%—0.84-61.0%-10.4%
BABA Bull Put Aug 28, 26 3580.7%$69$69$431-$271.674-2.798-0.357647.4%4.680.60-18.8%-3.0%
NFLX Bull Put Aug 28, 26 3583.8%$37$37$263-$110.879-2.117-1.400734.6%0.630.42-10.8%-1.5%
IWM Bull Put Aug 28, 26 3572.8%$72$72$428-$640.805-4.198-0.476824.6%1.690.19-29.2%-4.9%
TOTAL / AVG —80.1% avg$789$789$5112-$35720.019-36.186-6.079742.9% avg3.296.81-182.8%-2.4%
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.