Risk Book
The Risk Book tab gives you a comprehensive view of your portfolio’s risk — how much you could lose in different scenarios and how close you are to your risk limits.
What the Risk Book Shows
Portfolio Risk Snapshot
At the top, you’ll see a summary of your current risk metrics:
- Net Delta — Your directional exposure (same as in the KPI Strip)
- Net Gamma — How fast your delta changes with market moves
- Net Theta — How much you earn/lose per day from time decay
- Net Vega — Your sensitivity to volatility changes
- Total Notional — The total dollar exposure of all positions
- Max Loss — The worst-case loss across all open positions (based on defined-risk calculations)
Risk Utilization
A progress bar showing what percentage of your risk capacity is being used:
- 🟢 Under 50% — Comfortable. Plenty of room.
- 🟡 50-80% — Moderate. You’re deploying significant capital.
- 🔴 Over 80% — High utilization. The bot may limit new positions.
Risk Triggers
A list of risk-related events that have occurred:
- Daily loss limits approached or hit
- Kill switch activations
- Position limit reached
- Abnormal market conditions detected
Each trigger shows when it fired and what action was taken.
Stress Scenarios
A table (or chart) showing what would happen to your portfolio under different market scenarios:
- Market up 1%, 2%, 3% — How much you’d gain or lose
- Market down 1%, 2%, 3% — How much you’d gain or lose
- Volatility spike — What a sudden IV increase would do
This is displayed as a bar chart where:
- Green bars = scenarios where you make money
- Red bars = scenarios where you lose money
Risk History
A chart showing how your risk metrics have changed over time — helpful for spotting trends in your risk exposure.
Why Does This Matter?
The Risk Book answers the question: “What’s the worst that could happen?”
For premium-selling strategies, your defined risk is known at entry. But the Risk Book shows you the aggregate picture across all positions, which is crucial when running multiple strategies.
What to Watch For
- Risk utilization climbing — If it’s consistently above 80%, you may have too many positions or strategies enabled
- Stress scenarios showing large losses — If a 2% market move would wipe out your entire weekly profit, you might be overexposed
- Risk triggers firing frequently — This might mean your strategies need more conservative settings
💡 Tip: Check the Risk Book weekly, not daily. It’s most useful for big-picture portfolio health, not minute-to-minute monitoring.