Portfolio Analysis — live-active-by-symbol-2026-08-10_08-42

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
UNHBull Put2.1011.660 3.761
JPMBull Put2.313 2.313
BABear Call1.876 1.876
MRNABull Put1.482 1.482
DALBull Put1.434 1.434
FCXBull Put1.425 1.425
AVGOBear Call1.396 1.396
UPSBull Put1.381 1.381
IBMBear Call1.261 1.261
AMZNBull Put1.233 1.233
GOOGLBull Put1.191 1.191
CBull Put1.159 1.159
AAPLBull Put1.140 1.140
TOTAL1.3964.4143.53611.706 21.052

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 Put15.685 15.685
DALBull Put11.513 11.513
UNHBull Put4.8394.023 8.862
FCXBull Put8.350 8.350
CBull Put8.179 8.179
MRNABull Put5.558 5.558
AAPLBull Put5.330 5.330
JPMBull Put4.404 4.404
GOOGLBull Put3.618 3.618
AMZNBull Put3.351 3.351
IBMBear Call-4.066 -4.066
AVGOBear Call-4.339 -4.339
BABear Call-5.780 -5.780
TOTAL-4.3399.243-1.75757.517 60.664

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-1.252 -1.252
DALBull Put-1.192 -1.192
FCXBull Put-0.954 -0.954
CBull Put-0.656 -0.656
BABear Call-0.596 -0.596
MRNABull Put-0.596 -0.596
AAPLBull Put-0.238 -0.238
JPMBull Put-0.179 -0.179
AVGOBear Call0.000 0.000
AMZNBull Put0.238 0.238
GOOGLBull Put0.238 0.238
IBMBear Call0.238 0.238
UNHBull Put-0.2380.715 0.477
TOTAL0.000-0.4170.119-4.172 -4.470

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-4.179-4.316 -8.495
JPMBull Put-5.136 -5.136
AAPLBull Put-4.473 -4.473
UPSBull Put-3.867 -3.867
GOOGLBull Put-3.813 -3.813
CBull Put-3.756 -3.756
BABear Call-3.728 -3.728
AMZNBull Put-3.532 -3.532
DALBull Put-3.424 -3.424
IBMBear Call-2.508 -2.508
FCXBull Put-2.368 -2.368
MRNABull Put-1.623 -1.623
AVGOBear Call-0.865 -0.865
TOTAL-0.865-9.315-8.044-29.364 -47.588

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
JPM Sep 4, 26 JPM Sep 4th 330/335 Bull Put Spread 12.937
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 8.810
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 5.290
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread 5.170
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 4.994
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 4.783
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 3.147
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 2.487
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 2.321
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 1.768
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 1.495
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 1.203
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 1.103
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|
AVGO Aug 28, 26 AVGO Aug 28th 440/445 Bear Call Spread 1.614
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 0.913
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 0.602
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 0.503
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 0.503
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 0.503
JPM Sep 4, 26 JPM Sep 4th 330/335 Bull Put Spread 0.450
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 0.419
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 0.385
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.357
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread 0.349
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 0.312
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 0.309
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 0.255

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 1759.6%$73$73$427-$1291.396-0.8650.000045.9%—1.61-163.7%-28.0%
JPM Bull Put Sep 4, 26 2485.9%$75$75$425$52.313-5.136-0.178824.2%12.940.4519.3%—
UNH Bull Put Sep 4, 26 2474.8%$67$67$433-$592.101-4.179-0.238428.9%8.810.50-67.9%-10.5%
BA Bear Call Sep 11, 26 3179.3%$73$73$427-$301.876-3.728-0.596029.6%3.150.50-7.5%-1.3%
UNH Bull Put Sep 11, 26 3177.5%$86$86$414-$261.660-4.3160.715328.8%2.320.38-16.3%-3.4%
MRNA Bull Put Sep 18, 26 3888.9%$77$77$424$211.482-1.623-0.596077.0%2.490.9137.9%—
DAL Bull Put Sep 18, 26 3877.1%$56$56$445-$591.434-3.424-1.192137.3%1.200.42-54.0%-6.7%
FCX Bull Put Sep 18, 26 3884.5%$73$73$428-$51.425-2.368-0.953753.1%1.490.6014.5%—
UPS Bull Put Sep 18, 26 3872.5%$73$73$428-$651.381-3.867-1.251730.7%1.100.36-86.2%-14.6%
IBM Bear Call Sep 18, 26 3879.6%$64$64$436-$381.261-2.5080.238439.0%5.290.50-28.9%-4.2%
AMZN Bull Put Sep 18, 26 3884.2%$69$69$431-$101.233-3.5320.238433.2%5.170.3512.3%—
GOOGL Bull Put Sep 18, 26 3877.8%$89$89$411-$221.191-3.8130.238431.4%4.990.31-1.1%-0.2%
C Bull Put Sep 18, 26 3879.1%$56$56$444-$491.159-3.756-0.655731.0%1.770.31-25.0%-3.2%
AAPL Bull Put Sep 18, 26 3875.1%$69$69$431-$551.140-4.473-0.238426.2%4.780.25-42.8%-6.8%
TOTAL / AVG —78.3% avg$998$998$6002-$52221.052-47.588-4.470336.9% avg4.717.47-409.4%-4.6%
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.