DocsPortfolio

Reading your positions and P&L

How Tradient displays open positions, calculates P&L, and groups multi-leg strategies together.

7 min readportfoliopositionsp&l

Portfolio is the “what do I own right now” surface. It pulls live positions from your connected brokers, groups multi-leg trades together, and computes Greeks and P&L for each one. This page explains how to read the layout and what every number means.

The position list

Each row is one logical position. A logical position can be:

  • A stock holding (e.g., 100 shares of AAPL).
  • A single-leg option (e.g., 1 short AAPL 180 put).
  • A multi-leg strategy that Tradient has identified by matching leg structures (e.g., an iron condor on SPY shows as one row, not four).

Strategy detection runs on every sync. We look for matching underlying, expiration, and complementary leg patterns. Detected strategies get a colored badge (Iron Condor, Bull Put Spread, Covered Call, etc.) so you can see your portfolio the way you actually trade it, not as an opaque flat list of legs.

Columns explained

  • Symbol / Strategy — the underlying and the identified strategy type.
  • Quantity — number of contracts (or shares for stock).
  • Avg cost — your weighted-average entry price, pulled from broker fills.
  • Mark — current mid price from the broker quote feed.
  • Unrealized P&L — (mark − avg cost) × quantity × multiplier, signed by direction.
  • Day change— change since previous session’s close.
  • Δ / Θ / V — position-level delta, theta, and vega (sum across legs).

How P&L is computed

Tradient computes unrealized P&L from broker-reported average cost and live marks, not from your trade fills. This matters because:

  • If you rolled a position, the average cost reflects the rolled basis, not the original entry.
  • If you took partial profits, the remaining quantity uses the broker’s remaining basis.
  • If your broker reports a different average cost than you remember, Tradient will reflect the broker’s number. Your broker is the source of truth.

Realized P&L lives in the History tab, not the Positions tab. Positions is “what’s open;” History is “what happened.”

Mark-to-mid is not exit price
The mark we display is the bid-ask midpoint. On wide-spread options that midpoint is optimistic — you usually can’t actually close at mid. Treat unrealized P&L as directional, not as a number you can lock in by clicking close.

Position-level Greeks

For multi-leg positions, Tradient sums Greeks across all legs and shows the net for the strategy. This is what most traders actually want to see:

  • Net delta— your directional exposure for the whole strategy. An iron condor near entry should be near zero; a winning condor that’s drifted to one side will have non-zero net delta.
  • Net theta — daily time-decay income (or cost). Income strategies show positive theta; long-premium strategies show negative.
  • Net vega — exposure to a 1-point move in IV. Short-vol positions show negative vega; long-vol show positive.

Account-level rollup

At the top of Portfolio, you’ll see a summary card per account: total equity, total cash, day change, total unrealized P&L. Multi-account users get an additional “all accounts” rollup that aggregates across.

The rollup also shows portfolio-level Greeks. This is the view to use when you’re asking “am I net long or short the market right now?”

Closing positions from Portfolio

Click any row to open the position drawer. From there you can:

  • Close at market — generates an opposite-direction order to flatten.
  • Close at limit — same, but at a price you specify.
  • Roll — close the current legs and open new legs at later expiration / different strikes in a single bundled order.
  • Analyze in Focus — load the position into Focus mode for full Greeks, Monte Carlo, and what-if scenarios.

Where to go next