Help & Reference

Quick reference for PortfolioShield modules and concepts
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Dashboard
Portfolio overview with health score, P&L summary, and key metrics at a glance.
Positions
View all open positions with Greeks, P&L, and risk metrics. Manage rolls and closings.
Trade Advisor
AI-powered trade recommendations based on your portfolio, market conditions, and risk tolerance.
Hedge Manager
Manage hedging layers (delta shield, vol shield, CPS, guardian, tail) to protect your portfolio.
Risk Manager
Portfolio risk analysis: Greeks exposure, concentration risk, stress testing, and health checks.
Market Analyzer
Real-time market intelligence: VIX, GEX, gamma analysis, and premium selling conditions.
Treasury
Cash management, collateral optimization, FI projections, and withdrawal planning.
Insights
Performance analytics, income trends, concentration analysis, and portfolio optimization.
Alerts
Real-time notifications for risk events, opportunities, and position management needs.
Key Concepts for Premium Sellers
VIX (Fear Index)
CBOE Volatility Index. Measures 30-day expected volatility of S&P 500. Below 15 = calm, 15-25 = elevated, above 25 = high fear. Higher VIX = richer premiums for sellers.
VVR (VVIX/VIX Ratio)
Volatility of volatility ratio. Below 4 = SELL zone (aggressive). 4-6 = Normal. 6-7 = Caution. Above 7 = STOP selling. Key signal for premium selling decisions.
GEX (Gamma Exposure)
Net gamma exposure of market makers. Positive GEX = stabilizing (dealers buy dips, sell rallies). Negative GEX = amplifying (dealers amplify moves). Positive is ideal for theta sellers.
Gamma Flip
Price level where market maker gamma flips from positive to negative. Below this level, markets become chaotic. Key support level to monitor.
Delta
Sensitivity of option price to $1 move in underlying. Also approximates probability of finishing ITM. Portfolio delta = directional exposure.
Theta
Daily time decay in dollar terms. Positive theta = earning from time decay (premium sellers). This is your daily income from sold options.
Gamma
Rate of change of delta. Negative gamma (short options) means delta moves against you as price moves. Risk accelerates with larger moves.
Vega
Sensitivity to 1% change in IV. Negative vega (short options) profits when IV drops. VIX spike = loss for premium sellers.
IV Rank
Current IV as percentile of 52-week range. Above 50% = favorable for selling premium (IV is relatively high). Below 30% = premiums may be too thin.
Wash Sale Rule
IRS rule preventing loss deduction if you repurchase substantially identical security within 30 days before/after sale. Applies to stocks AND options on same underlying.
System States
StateConditionsAction
NORMAL VIX < 20, GEX positive, VVR 4-6 Full operations. Standard position sizing.
WARNING VIX 20-25 OR VVR 6-7 OR approaching flip (<1%) Monitor closely. Reduce new position sizes.
ALERT VIX 25-35 OR VVR > 7 OR GEX negative Reduce exposure. Review and hedge positions.
CRISIS VIX > 35 AND GEX negative Emergency. No new positions. Close/hedge immediately.
Hedge Layer Reference
LayerPurposeInstruments
Delta Shield Directional protection against portfolio delta SPY/SPX puts, inverse ETFs
Vol Shield Protection against volatility spikes VIX calls, UVXY calls
CPS (Calendar Put Spread) Time-decay-friendly downside protection Calendar spreads on indices
Guardian Structural portfolio protection Long-dated puts, collars
Tail Shield Black swan / extreme event protection Deep OTM puts, VIX spreads