Portfolio Analysis — live-active-by-symbol-2026-07-31_09-47

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.

SymbolTypeAug 21, 26Aug 28, 26Sep 4, 26Total
PEPBear Call2.564 2.564
AVGOBear Call2.463 2.463
CRWDBull Put2.261 2.261
BABABear Call1.963 1.963
GOOGLBull Put1.339 1.339
IWMBull Put0.975 0.975
TOTAL6.7873.4381.339 11.565

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.

SymbolTypeAug 21, 26Aug 28, 26Sep 4, 26Total
IWMBull Put7.266 7.266
CRWDBull Put2.775 2.775
GOOGLBull Put2.007 2.007
AVGOBear Call-2.418 -2.418
BABABear Call-9.583 -9.583
PEPBear Call-15.739 -15.739
TOTAL-22.5464.8482.007 -15.690

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).

SymbolTypeAug 21, 26Aug 28, 26Sep 4, 26Total
PEPBear Call-1.490 -1.490
BABABear Call-0.596 -0.596
GOOGLBull Put-0.238 -0.238
IWMBull Put-0.238 -0.238
CRWDBull Put-0.119 -0.119
AVGOBear Call0.000 0.000
TOTAL-2.205-0.238-0.238 -2.682

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.

SymbolTypeAug 21, 26Aug 28, 26Sep 4, 26Total
IWMBull Put-4.218 -4.218
PEPBear Call-3.982 -3.982
GOOGLBull Put-3.008 -3.008
AVGOBear Call-2.412 -2.412
BABABear Call-1.857 -1.857
CRWDBull Put-1.726 -1.726
TOTAL-7.565-6.630-3.008 -17.203

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 18.966
GOOGL Sep 4, 26 GOOGL Sep 4th 300/305 Bull Put Spread 5.617
IWM Aug 28, 26 IWM Aug 28th 275/280 Bull Put Spread 4.090
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 3.293
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 1.721
AVGO Aug 28, 26 AVGO Aug 28th 440/445 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|
CRWD Aug 21, 26 CRWD Aug 21st 152.5/157.5 Bull Put Spread 1.310
BABA Aug 21, 26 BABA Aug 21st 130/135 Bear Call Spread 1.057
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread 1.021
PEP Aug 21, 26 PEP Aug 21st 145/150 Bear Call Spread 0.644
GOOGL Sep 4, 26 GOOGL Sep 4th 300/305 Bull Put Spread 0.445
IWM Aug 28, 26 IWM Aug 28th 275/280 Bull Put Spread 0.231

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
PEP Bear Call Aug 21, 26 2074.1%$70$70$430-$592.564-3.982-1.490125.7%1.720.64-40.0%-6.5%
CRWD Bull Put Aug 21, 26 2099.2%$65$65$435$612.261-1.726-0.119263.8%18.971.3132.3%—
BABA Bear Call Aug 21, 26 2074.2%$60$60$440-$691.963-1.857-0.596048.6%3.291.06-59.2%-8.1%
AVGO Bear Call Aug 28, 26 2784.5%$73$73$427-$52.463-2.4120.000049.3%—1.02-16.4%-2.8%
IWM Bull Put Aug 28, 26 2772.0%$72$72$428-$680.975-4.218-0.238423.8%4.090.23-29.9%-5.0%
GOOGL Bull Put Sep 4, 26 3488.9%$77$77$423$211.339-3.008-0.238435.9%5.620.4544.8%—
TOTAL / AVG —82.1% avg$417$417$2583-$11911.565-17.203-2.682241.2% avg4.314.71-68.3%-1.6%
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.