Portfolio Analysis — live-active-by-symbol-2026-08-18_08-15

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, 26Sep 25, 26Total
UNHBull Put1.7981.936 3.734
FCXBull Put1.921 1.921
CRCLBull Put1.729 1.729
IBMBear Call1.673 1.673
DALBull Put1.666 1.666
NFLXBull Put1.640 1.640
UBERBear Call1.560 1.560
IBMBull Put1.550 1.550
UPSBull Put1.506 1.506
AAPLBull Put1.394 1.394
AMZNBull Put1.348 1.348
CBull Put1.256 1.256
GOOGLBull Put1.247 1.247
TOTAL1.7981.93616.8501.640 22.224

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, 26Sep 25, 26Total
UPSBull Put20.663 20.663
DALBull Put15.326 15.326
NFLXBull Put14.213 14.213
UNHBull Put7.5946.213 13.807
FCXBull Put12.573 12.573
AMZNBull Put7.567 7.567
GOOGLBull Put5.903 5.903
CBull Put5.869 5.869
CRCLBull Put4.794 4.794
AAPLBull Put4.447 4.447
IBMBull Put4.174 4.174
IBMBear Call-3.211 -3.211
UBERBear Call-14.349 -14.349
TOTAL7.5946.21363.75714.213 91.777

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, 26Sep 25, 26Total
NFLXBull Put-2.295 -2.295
UPSBull Put-2.027 -2.027
FCXBull Put-1.699 -1.699
UBERBear Call-1.669 -1.669
DALBull Put-1.609 -1.609
CBull Put-0.775 -0.775
AAPLBull Put-0.596 -0.596
CRCLBull Put-0.536 -0.536
UNHBull Put-0.4770.000 -0.477
IBMBull Put-0.119 -0.119
IBMBear Call-0.060 -0.060
AMZNBull Put0.000 0.000
GOOGLBull Put0.000 0.000
TOTAL-0.4770.000-9.090-2.295 -11.861

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, 26Sep 25, 26Total
UNHBull Put-3.146-3.871 -7.017
UPSBull Put-4.516 -4.516
NFLXBull Put-4.425 -4.425
AAPLBull Put-4.360 -4.360
AMZNBull Put-3.620 -3.620
GOOGLBull Put-3.595 -3.595
DALBull Put-3.407 -3.407
IBMBull Put-3.234 -3.234
CBull Put-3.157 -3.157
UBERBear Call-2.869 -2.869
FCXBull Put-2.828 -2.828
IBMBear Call-2.770 -2.770
CRCLBull Put-1.519 -1.519
TOTAL-3.146-3.871-35.875-4.425 -47.318

Theta / |Gamma| Quality

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

SymbolExpiryPositionΘ / |Γ|
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 28.068
IBM Sep 18, 26 IBM Sep 18th 205/210 Bull Put Spread 13.003
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 3.770
CRCL Sep 18, 26 CRCL Sep 18th 50/55 Bull Put Spread 3.222
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 2.340
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 1.620
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 1.131
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 1.035
UBER Sep 18, 26 UBER Sep 18th 82.5/87.5 Bear Call Spread 0.935
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.743
NFLX Sep 25, 26 NFLX Sep 25th 65/72 Bull Put Spread 0.715
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread —
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 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 1.138
FCX Sep 18, 26 FCX Sep 18th 55/60 Bull Put Spread 0.679
IBM Sep 18, 26 IBM Sep 18th 265/270 Bear Call Spread 0.604
UNH Sep 4, 26 UNH Sep 4th 385/390 Bull Put Spread 0.571
UBER Sep 18, 26 UBER Sep 18th 82.5/87.5 Bear Call Spread 0.544
UNH Sep 11, 26 UNH Sep 11th 380/385 Bull Put Spread 0.500
DAL Sep 18, 26 DAL Sep 18th 77.5/82.5 Bull Put Spread 0.489
IBM Sep 18, 26 IBM Sep 18th 205/210 Bull Put Spread 0.479
C Sep 18, 26 C Sep 18th 120/125 Bull Put Spread 0.398
AMZN Sep 18, 26 AMZN Sep 18th 245/250 Bull Put Spread 0.372
NFLX Sep 25, 26 NFLX Sep 25th 65/72 Bull Put Spread 0.371
GOOGL Sep 18, 26 GOOGL Sep 18th 325/330 Bull Put Spread 0.347
UPS Sep 18, 26 UPS Sep 18th 95/100 Bull Put Spread 0.334
AAPL Sep 18, 26 AAPL Sep 18th 285/290 Bull Put Spread 0.320

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 1663.5%$67$67$433-$1161.798-3.146-0.476827.1%3.770.57-131.3%-20.3%
UNH Bull Put Sep 11, 26 2368.7%$86$86$414-$701.936-3.8710.000027.3%—0.50-71.5%-14.9%
FCX Bull Put Sep 18, 26 3079.6%$73$73$428-$301.921-2.828-1.698745.5%1.130.681.4%—
CRCL Bull Put Sep 18, 26 3087.7%$61$61$439-$11.729-1.519-0.536477.1%3.221.1430.3%—
IBM Bear CallIC Sep 18, 26 3090.1%$64$64$436$151.673-2.770-0.059635.6%28.070.6033.6%—
DAL Bull Put Sep 18, 26 3073.3%$56$56$445-$781.666-3.407-1.609335.6%1.040.49-80.2%-10.0%
UBER Bear Call Sep 18, 26 3078.3%$59$59$441-$501.560-2.869-1.668934.2%0.930.54-18.6%-2.5%
IBM Bull PutIC Sep 18, 26 3083.7%$59$59$442-$231.550-3.234-0.119236.1%13.000.48-5.1%-0.7%
UPS Bull Put Sep 18, 26 3067.1%$73$73$428-$921.506-4.516-2.026624.9%0.740.33-66.2%-11.2%
AAPL Bull Put Sep 18, 26 3082.5%$69$69$431-$191.394-4.360-0.596025.8%2.340.3210.1%—
AMZN Bull Put Sep 18, 26 3068.3%$69$69$431-$891.348-3.6200.000029.1%—0.37-98.5%-15.8%
C Bull Put Sep 18, 26 3086.1%$56$56$444-$131.256-3.157-0.774931.0%1.620.4031.3%—
GOOGL Bull Put Sep 18, 26 3068.2%$89$89$411-$701.247-3.5950.000028.5%—0.35-54.5%-11.8%
NFLX Bull Put Sep 25, 26 3783.0%$76$76$624-$431.640-4.425-2.294834.0%0.710.377.2%—
TOTAL / AVG —77.2% avg$955$955$6245-$67822.224-47.318-11.861335.1% avg1.877.15-412.1%-4.8%
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.