Portfolio Analysis — live-active-by-symbol-2026-08-11_14-05

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.

SymbolTypeSep 4, 26Sep 11, 26Sep 18, 26Total
UNHBull Put1.3712.062 3.433
BABear Call1.811 1.811
UPSBull Put1.731 1.731
FCXBull Put1.474 1.474
IBMBear Call1.437 1.437
MRNABull Put1.317 1.317
AMZNBull Put1.310 1.310
DALBull Put1.212 1.212
AAPLBull Put1.176 1.176
CBull Put1.118 1.118
GOOGLBull Put1.015 1.015
TOTAL1.3713.87311.790 17.034

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.

SymbolTypeSep 4, 26Sep 11, 26Sep 18, 26Total
UPSBull Put16.292 16.292
UNHBull Put5.8085.476 11.284
DALBull Put9.830 9.830
FCXBull Put9.405 9.405
CBull Put7.394 7.394
AAPLBull Put5.838 5.838
GOOGLBull Put5.121 5.121
MRNABull Put4.860 4.860
AMZNBull Put4.284 4.284
IBMBear Call-4.203 -4.203
BABear Call-4.997 -4.997
TOTAL5.8080.47958.820 65.107

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).

SymbolTypeSep 4, 26Sep 11, 26Sep 18, 26Total
DALBull Put-1.132 -1.132
FCXBull Put-1.132 -1.132
UPSBull Put-1.132 -1.132
GOOGLBull Put-0.954 -0.954
UNHBull Put-0.9540.000 -0.954
CBull Put-0.715 -0.715
MRNABull Put-0.536 -0.536
IBMBear Call-0.477 -0.477
AAPLBull Put-0.238 -0.238
BABear Call-0.238 -0.238
AMZNBull Put-0.119 -0.119
TOTAL-0.954-0.238-6.437 -7.629

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.

SymbolTypeSep 4, 26Sep 11, 26Sep 18, 26Total
UNHBull Put-3.604-4.545 -8.150
AAPLBull Put-4.730 -4.730
UPSBull Put-4.291 -4.291
AMZNBull Put-3.906 -3.906
CBull Put-3.663 -3.663
BABear Call-3.557 -3.557
GOOGLBull Put-3.275 -3.275
DALBull Put-3.056 -3.056
IBMBear Call-2.812 -2.812
FCXBull Put-2.576 -2.576
MRNABull Put-1.433 -1.433
TOTAL-3.604-8.102-29.743 -41.450

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread 10.987
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 7.596
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 4.932
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 3.014
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 2.455
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 1.563
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 1.528
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 1.438
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 1.302
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 1.070
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 1.064
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|
MRNA Sep 18, 26 MRNA Sep 18th 40/45 Bull Put Spread 0.919
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 0.572
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 0.511
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 0.509
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 0.454
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.403
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 0.397
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 0.380
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread 0.335
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 0.310
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 0.305
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 0.249

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
UNH Bull Put Sep 4, 26 2367.8%$67$67$433-$941.371-3.604-0.953727.1%1.440.38-90.3%-14.0%
UNH Bull Put Sep 11, 26 3071.6%$86$86$414-$562.062-4.5450.000027.3%—0.45-74.4%-15.5%
BA Bear Call Sep 11, 26 3089.3%$73$73$427$201.811-3.557-0.238429.9%7.600.5115.8%—
UPS Bull Put Sep 18, 26 3775.1%$73$73$428-$521.731-4.291-1.132530.3%1.530.40-90.3%-15.3%
FCX Bull Put Sep 18, 26 3784.1%$73$73$428-$71.474-2.576-1.132548.4%1.300.5715.2%—
IBM Bear Call Sep 18, 26 3781.8%$64$64$436-$271.437-2.812-0.476836.8%3.010.51-21.1%-3.1%
MRNA Bull Put Sep 18, 26 3789.8%$77$77$424$251.317-1.433-0.536479.5%2.460.9247.1%—
AMZN Bull Put Sep 18, 26 3781.4%$69$69$431-$241.310-3.906-0.119231.0%10.990.34-8.0%-1.3%
DAL Bull Put Sep 18, 26 3777.7%$56$56$445-$561.212-3.056-1.132538.2%1.070.40-21.6%-2.7%
AAPL Bull Put Sep 18, 26 3774.6%$69$69$431-$581.176-4.730-0.238424.6%4.930.25-45.6%-7.3%
C Bull Put Sep 18, 26 3781.7%$56$56$444-$351.118-3.663-0.715330.2%1.560.31-1.8%-0.2%
GOOGL Bull Put Sep 18, 26 3767.4%$89$89$411-$741.015-3.275-0.953730.6%1.060.31-65.7%-14.2%
TOTAL / AVG —78.5% avg$850$850$5150-$43917.034-41.450-7.629436.2% avg2.235.34-340.9%-4.9%
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.