Position Statement

Account balance shows how to manage risks by benchmarking against SPY. Here are tips for reading the data:

• Net Liquidity is the net balance of the account.
• Position Equity is the value of equity positions if all the options expire worthless.
• We benchmark each open position against SPY by Beta Weighted Delta of Positions, so we can keep our portfolio neutral and manage risks against market fluctuations.
• We calculate the Expected Daily Move of SPY by its Implied Volatility, and estimate our portfolio's Expected Daily P/L Change.

Here are the tips to reading the profit and loss of current options positions:

• Last is the stock price of Symbol.
• Instrument contains the details of the options Strategy: each contract equals 100 stocks, expiration date, strike price, Put or Call option.
• Quantity is the number of contracts. A negative number is selling options, and a positive number is buying options.
• Days to Expiration is the number of days before the options contract expires.
• Trade Price is the opening value of the options contract. The difference between Trade Price and Mark is the profit or loss per contract.
• We use Delta, Theta, Vega to manage risks when trading options.
• Signal Days indicate the number of days since the last bullish/bearish signal on this trade. When this data is empty, it means the original signal is no longer valid, and it's time to exit the trade.
• We use Unrealized ROC to see the profit and loss of current contract.
• We can view the account's profit and loss with P/L Open and P/L Day.