Portfolio Analysis — live-active-by-symbol-2026-08-13_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.

SymbolTypeSep 4, 26Sep 11, 26Sep 18, 26Total
UNHBull Put1.8512.170 4.021
BABear Call2.219 2.219
CRCLBull Put1.785 1.785
FCXBull Put1.621 1.621
UPSBull Put1.580 1.580
UBERBear Call1.380 1.380
IBMBull Put1.360 1.360
AMZNBull Put1.344 1.344
GOOGLBull Put1.293 1.293
DALBull Put1.291 1.291
CBull Put1.195 1.195
AAPLBull Put1.192 1.192
IBMBear Call1.165 1.165
TOTAL1.8514.38915.206 21.446

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 Put14.992 14.992
UNHBull Put6.0075.469 11.476
FCXBull Put10.135 10.135
DALBull Put8.572 8.572
AAPLBull Put5.741 5.741
CBull Put5.695 5.695
CRCLBull Put5.246 5.246
GOOGLBull Put5.093 5.093
AMZNBull Put5.040 5.040
IBMBull Put3.333 3.333
IBMBear Call-3.576 -3.576
BABear Call-4.813 -4.813
UBERBear Call-11.563 -11.563
TOTAL6.0070.65648.707 55.370

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
UBERBear Call-1.639 -1.639
UPSBull Put-1.371 -1.371
FCXBull Put-1.252 -1.252
DALBull Put-1.103 -1.103
GOOGLBull Put-0.954 -0.954
CBull Put-0.656 -0.656
AAPLBull Put-0.477 -0.477
IBMBear Call-0.477 -0.477
CRCLBull Put-0.417 -0.417
BABear Call-0.179 -0.179
AMZNBull Put0.000 0.000
IBMBull Put0.000 0.000
UNHBull Put0.2380.000 0.238
TOTAL0.238-0.179-8.345 -8.285

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-3.947-4.835 -8.781
AAPLBull Put-4.700 -4.700
UPSBull Put-4.294 -4.294
BABear Call-4.079 -4.079
AMZNBull Put-4.006 -4.006
GOOGLBull Put-3.860 -3.860
CBull Put-3.407 -3.407
IBMBull Put-3.143 -3.143
DALBull Put-2.969 -2.969
UBERBear Call-2.938 -2.938
FCXBull Put-2.716 -2.716
IBMBear Call-2.625 -2.625
CRCLBull Put-1.734 -1.734
TOTAL-3.947-8.914-36.393 -49.253

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 12.410
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 7.764
CRCL Sep 18, 26 CRCL Sep 18th 50/55 Bull Put Spread 4.278
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 2.500
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 2.443
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 1.823
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 1.356
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 1.295
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 1.171
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 1.153
UBER Sep 18, 26 UBER Sep 18th 82.5/87.5 Bear Call Spread 0.842
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread —
IBM Sep 18, 26 IBM Sep 18th 205/210 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|
CRCL Sep 18, 26 CRCL Sep 18th 50/55 Bull Put Spread 1.029
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 0.597
BA Sep 11, 26 BA Sep 11th 255/260 Bear Call Spread 0.544
UBER Sep 18, 26 UBER Sep 18th 82.5/87.5 Bear Call Spread 0.470
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 0.469
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 0.449
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 0.444
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 0.435
IBM Sep 18, 26 IBM Sep 18th 205/210 Bull Put Spread 0.433
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.368
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 0.351
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 0.335
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 0.254

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 2170.2%$67$67$433-$821.851-3.9470.238426.8%7.760.47-86.6%-13.4%
BA Bear Call Sep 11, 26 28100.0%$73$73$427$732.219-4.079-0.178827.9%12.410.5431.5%—
UNH Bull Put Sep 11, 26 2873.6%$86$86$414-$462.170-4.8350.000026.5%—0.45-54.1%-11.2%
CRCL Bull Put Sep 18, 26 3587.6%$61$61$439-$11.785-1.734-0.417277.5%4.281.0310.7%—
FCX Bull Put Sep 18, 26 3583.8%$73$73$428-$81.621-2.716-1.251746.7%1.300.6013.8%—
UPS Bull Put Sep 18, 26 3588.2%$73$73$428$131.580-4.294-1.370929.4%1.150.37-49.7%-8.4%
UBER Bear Call Sep 18, 26 3585.3%$59$59$441-$151.380-2.938-1.639133.2%0.840.4710.2%—
IBM Bull PutIC Sep 18, 26 3587.5%$59$59$442-$41.360-3.1430.000036.6%—0.4310.3%—
AMZN Bull Put Sep 18, 26 3578.6%$69$69$431-$381.344-4.0060.000030.1%—0.34-24.6%-3.9%
GOOGL Bull Put Sep 18, 26 3571.0%$89$89$411-$561.293-3.860-0.953729.3%1.360.33-46.1%-10.0%
DAL Bull Put Sep 18, 26 3582.7%$56$56$445-$311.291-2.969-1.102738.2%1.170.430.9%—
C Bull Put Sep 18, 26 3587.1%$56$56$444-$81.195-3.407-0.655730.1%1.820.3528.6%—
AAPL Bull Put Sep 18, 26 3575.5%$69$69$431-$531.192-4.700-0.476824.6%2.500.25-35.5%-5.7%
IBM Bear CallIC Sep 18, 26 3584.6%$64$64$436-$131.165-2.625-0.476835.0%2.440.4415.6%—
TOTAL / AVG —82.6% avg$952$952$6048-$26921.446-49.253-8.285035.1% avg2.596.51-175.0%-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.