Theta Performance

What is theta performance?

Theta performance is a live track of short-dated premium-selling structures on one ticker. On EZPZ, Theta Performance is Options Income Strategies for 0DTE and 1DTE. Iron Condor Chart plots Net Credit Value and Seller P&L %. The path is a mark-to-market, not a fill.

Theta selling collects time decay. A seller takes premium now and wants the option to lose value as expiration nears. Short-dated structures such as 0DTE and 1DTE move fast. A green Seller P&L % can flip when price or implied volatility jumps. Defined-risk structures such as Iron Condor and Cash Secured Put cap Max Loss. Short Strangle and Short Straddle do not. Covered Call on this page is Covered Call (Naked), so Max Loss is Unlimited. The live page also prints IV Rank, VRP, and a Low Premium-Selling Edge badge when those clocks look thin. GEX, Flip, and DEX on SPXW, SPY, and QQQ are the index backdrop. Negative Gamma Regime (SPXW 0DTE) is a warning that same-day theta sales have landed in a loss more often in that tape. None of those labels is a fill.

On EZPZ, the live page title is Theta Performance. The page label is Options Income Strategies. The subtitle is 0DTE / 1DTE Theta Strategies, SPY, QQQ and Highly Liquid Tickers. Ticker pills are SPY, QQQ, NVDA, TSLA, MSFT, GOOG, and AAPL. Timeframe starts on 1m. Choices are 1m, 5m, 10m, 15m, 30m, and 1h. Expiration sits next to it as 0DTE or NDTE pills. Strategy tabs start on Iron Condor with a TOP PICK badge. The other tabs are Short Strangle, Short Straddle, Cash Secured Put, and Covered Call. Sub-tabs are Chart, Table, Historical, and Overview. Chart legend is Net Credit Value, Seller P&L % (Green = Profit, Red = Loss), and Total Volume. Payoff at Expiration prints Max Profit, Max Loss, and Breakevens. AiPe in the corner is labeled Theta Performance Analyst. Theta Farming is the universe scanner with Fit Score. Custom Strategies is the payoff builder you assemble. Volatility Risk Premium (VRP) is implied versus later realized on its own page. Directional Options Pressure is Chart View and Table View for Short Straddle, Short Strangle (Δ20), Directional Pressure, and Net Volume. Greek Gods Dashboard is Ares, Hermes, Apollo, and Zeus on SPY Dashboard or SPX Dashboard. Contract Prices (XVWAP) is Price candles against XVWAP on one strike. IV Rank Explorer is Current IV (30D) and IV Rank (1Y) for one ticker you search. GEX and DEX is the Intraday GEX and DEX chart pair with Gamma Flip. Gamma Exposure is the strike table with Call Wall and Put Wall. Expected Move is DEM and VEM bands by expiration. Option Chain is the listed book for one ticker. Ticker Explorer is the one-symbol dashboard after you already picked a name. Gamma Short Squeeze is Squeeze Score(%) ranks.

How Theta Performance works on EZPZ

Read SPXW, SPY, and QQQ first, pick a ticker pill, leave Iron Condor on, then read Net Credit Value against Seller P&L %. It is not a score you trade. Most people start at GEX and Flip on SPXW. If that card looks loud, click Breakdown and compare 0DTE with Weekly, Monthly, 30+ DTE, and Total. Then change Timeframe or Expiration. Open Table if you want TIME, NET VALUE, PROFIT %, P&L $, and VOLUME. Open Historical if you want Days, Tenor, and Range Performance. Open Overview if you want Structure, Max Profit, Max Loss, and Management for that tab.

How this differs from Theta Farming

Theta Farming is a universe scan. Fit Score sits on Strategy Suggestion badges across many names. This page is one ticker at a time. Iron Condor Chart is the live Net Credit Value path, not a Fit Score column. Use Theta Farming when you want Iron Condor or Covered Call next to Fit Score on a list. Use this page when you already have a name and want Seller P&L %, Payoff at Expiration, or Historical Range Performance. Use Custom Strategies when you want to build legs yourself. Use Volatility Risk Premium (VRP) when you want the dedicated implied versus realized chart. Use Directional Options Pressure when you want Straddle Profit % next to Directional Pressure. Use IV Rank Explorer when you want the 1Y clock. Use GEX and DEX when you want Gamma Flip on a strike chart. Use Gamma Exposure when you want Call Wall and Put Wall. Use Expected Move when you want DEM versus VEM. Use Option Chain when you want listed strikes. Use Ticker Explorer when you want quote, IV Rank, and unusual activity on one symbol.

Verdict, regime, and ticker card

The top of the page is the backdrop for the structure below. It is not a trade ticket. Click Breakdown on SPXW, SPY, or QQQ to open the bars. All three sides open together.

Strategy tabs

The tab row picks the structure. Iron Condor starts on and carries TOP PICK. The five tabs are Iron Condor, Short Strangle, Short Straddle, Cash Secured Put, and Covered Call.

Primary Signal sits under that row. On Iron Condor it prints Primary Signal, Iron Condor, then GEX (SPXW 0DTE) and Flip. Other tabs can lead with IV Rank and VRP, or with a ticker regime line, depending on that structure.

Iron Condor Chart

Chart starts on. Execute Order and Automate Trade sit on the right. Best and Worst print the session extremes for Seller P&L. The screenshot on NVDA shows Best +22.47% and Worst -89.89% next to the legs line.

Payoff at Expiration

Payoff at Expiration sits under Total Volume on Chart. The x-axis is Stock Price at Expiration. Max Profit, Max Loss, and Breakevens reprint above the diagram. Two breakevens print as a pair.

How people actually use it