Portfolio Analysis — live-active-by-symbol-2026-08-05_14-40

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 28, 26Sep 4, 26Sep 11, 26Sep 18, 26Total
JPMBull Put3.181 3.181
UNHBull Put1.7131.167 2.880
TSMBull Put2.629 2.629
MRNABull Put1.514 1.514
IBMBull Put1.291 1.291
UPSBull Put1.284 1.284
DALBull Put1.148 1.148
GOOGLBull Put1.148 1.148
AVGOBear Call1.140 1.140
CBull Put0.998 0.998
AAPLBull Put0.932 0.932
BABear Call-1.515 -1.515
TOTAL1.1404.8934.5036.092 16.629

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 28, 26Sep 4, 26Sep 11, 26Sep 18, 26Total
UPSBull Put11.078 11.078
MRNABull Put8.115 8.115
DALBull Put7.829 7.829
UNHBull Put4.2243.345 7.569
CBull Put6.519 6.519
JPMBull Put5.750 5.750
GOOGLBull Put3.026 3.026
AAPLBull Put2.488 2.488
TSMBull Put2.396 2.396
IBMBull Put2.385 2.385
BABear Call-2.301 -2.301
AVGOBear Call-3.252 -3.252
TOTAL-3.2529.9748.31436.566 51.602

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 28, 26Sep 4, 26Sep 11, 26Sep 18, 26Total
UPSBull Put-1.132 -1.132
DALBull Put-0.894 -0.894
JPMBull Put-0.596 -0.596
MRNABull Put-0.596 -0.596
CBull Put-0.417 -0.417
UNHBull Put-0.2380.000 -0.238
AAPLBull Put-0.119 -0.119
IBMBull Put-0.119 -0.119
AVGOBear Call0.000 0.000
TSMBull Put0.000 0.000
BABear Call0.477 0.477
GOOGLBull Put0.477 0.477
TOTAL0.000-0.8340.238-2.563 -3.159

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 28, 26Sep 4, 26Sep 11, 26Sep 18, 26Total
UNHBull Put-4.182-3.981 -8.163
JPMBull Put-6.968 -6.968
UPSBull Put-4.243 -4.243
TSMBull Put-3.731 -3.731
CBull Put-3.544 -3.544
GOOGLBull Put-3.521 -3.521
AAPLBull Put-3.206 -3.206
DALBull Put-3.046 -3.046
IBMBull Put-2.618 -2.618
MRNABull Put-1.858 -1.858
AVGOBear Call-1.271 -1.271
BABear Call-0.993 -0.993
TOTAL-1.271-11.151-14.530-16.212 -43.164

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
IBM Sep 11, 26 IBM Sep 11th 195/200 Bull Put Spread 10.828
AAPL Sep 11, 26 AAPL Sep 11th 275/280 Bull Put Spread 7.817
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 7.183
JPM Sep 4, 26 JPM Sep 4th 330/335 Bull Put Spread 5.336
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 2.540
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 2.407
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 2.392
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 1.284
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 1.134
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread -3.178
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread —
TSM Sep 11, 26 TSM Sep 11th 350/355 Bull Put Spread —
UNH Sep 11, 26 UNH Sep 11th 380/385 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|
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread 0.896
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 0.815
TSM Sep 11, 26 TSM Sep 11th 350/355 Bull Put Spread 0.705
IBM Sep 11, 26 IBM Sep 11th 195/200 Bull Put Spread 0.493
JPM Sep 4, 26 JPM Sep 4th 330/335 Bull Put Spread 0.456
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 0.409
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 0.377
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 0.326
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.303
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 0.293
AAPL Sep 11, 26 AAPL Sep 11th 275/280 Bull Put Spread 0.291
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 0.282
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread -1.525

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
AVGO Bear Call Aug 28, 26 2266.2%$73$73$427-$961.140-1.2710.000049.1%—0.90-88.4%-15.1%
JPM Bull Put Sep 4, 26 2983.5%$75$75$425-$83.181-6.968-0.596024.5%5.340.46-34.0%-6.0%
UNH Bull Put Sep 4, 26 2974.5%$67$67$433-$611.713-4.182-0.238428.9%7.180.41-56.7%-8.8%
TSM Bull Put Sep 11, 26 3684.8%$92$92$408$162.629-3.7310.000046.5%—0.70-13.0%-2.9%
IBM Bull Put Sep 11, 26 3693.3%$78$78$422$441.291-2.618-0.119240.8%10.830.4950.0%—
UNH Bull Put Sep 11, 26 3676.6%$86$86$414-$311.167-3.9810.000029.1%—0.291.2%—
AAPL Bull Put Sep 11, 26 3687.7%$64$64$436$20.932-3.206-0.119229.4%7.820.2942.2%—
BA Bear Call Sep 11, 26 3673.2%$73$73$427-$61-1.515-0.9930.476833.0%-3.18-1.53134.3%—
MRNA Bull Put Sep 18, 26 4381.8%$77$77$424-$151.514-1.858-0.596078.2%2.540.81-8.5%-1.5%
UPS Bull Put Sep 18, 26 4382.3%$73$73$428-$161.284-4.243-1.132530.2%1.130.30-15.9%-2.7%
DAL Bull Put Sep 18, 26 4381.0%$56$56$445-$401.148-3.046-0.894139.1%1.280.38-6.3%-0.8%
GOOGL Bull Put Sep 18, 26 4378.1%$89$89$411-$201.148-3.5210.476835.3%2.410.33-3.9%-0.9%
C Bull Put Sep 18, 26 4381.5%$56$56$444-$360.998-3.544-0.417231.9%2.390.28-4.5%-0.6%
TOTAL / AVG —80.3% avg$958$958$5543-$32116.629-43.164-3.159038.2% avg5.264.12-3.6%-0.0%
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.