Risk Analysis
Where exposure concentrates — by ticker, sector, strategy, expiration, and Greek.
Concentration by Underlying
Concentration by Sector
By Strategy
Theta Decay by Expiration
Leverage Breakdown
Gross Δ Leverage
4.35x
Total notional / equity
HighNet Δ Leverage
4.02x
Signed exposure / equity
β-Adj Net Leverage
5.13x
β-weighted directional
HighCorrelation Note
Positions in NVDA, AMZN, AAPL, and QQQ look diversified by ticker but behave as a single tech-beta trade. Their combined β-adjusted exposure is $511.4k — 490.4% of equity. A tech-led drawdown would hit them together.