Saved Strategies and Mark-to-Market P/L

Signed-in ThetaViz users can save strategies from the payoff builder and review them on the Saved strategies page. Each saved entry stores your legs and shows mark-to-market P/L using current quotes and the same pricing models as the builder.

This feature is for tracking ideas and paper-style learning. It is not a brokerage ledger.

Save a strategy

1. Build a position in /build/{strategy} with symbol, strikes, and quantities set.
2. Use Save (or the save control in the builder header when available).
3. Name the setup if prompted so you can find it later.

The app stores leg definitions tied to your account. Reopening a saved item reloads those legs into the builder context.

Mark-to-market P/L explained

Mark-to-market means valuing the position at today’s prices instead of waiting for expiry.

Concept	Meaning in ThetaViz
Entry / cost basis	What you modeled as paid or collected when you saved
Current value	Model using live or recent option quotes
P/L	Difference between current value and entry, per the app’s formulas

Figures update when quotes refresh. They can differ from your broker because of:

• Different quote timestamps or mark rules
• Fees, commissions, and rebates not modeled
• Assignments, corporate actions, or adjusted contracts
• Partial fills on multi-leg orders

Always label broker P/L as authoritative for taxes and account equity.

Use cases

Paper tracking. Model a trade on Monday, save it, and check Wednesday whether delta and theta moved as you expected.

Adjustment comparisons. Duplicate a saved iron condor, widen wings in the builder, save as a second version, and compare modeled risk.

Study journal. Pair saved entries with notes on why you chose strikes. Export or copy builder URLs from related guides in Using the payoff builder.

Saved strategies page

The list view typically shows symbol, strategy type, entry date, and current modeled P/L. Open an item to jump back into analysis or edit legs.

Sorting and filtering help when you run many paper positions. Archive or delete setups you no longer need so the list stays readable.

Privacy and data

Saved legs are tied to your ThetaViz account under our privacy policy. Do not treat saved strategies as shared trade recommendations unless you explicitly send a builder link to someone else.

We do not execute trades from saved strategies. Order entry always happens at your broker.

Not broker P/L

ThetaViz saved P/L	Broker account
Educational model	Legal record of fills
May use mid or model marks	Uses execution prices
Ignores wash sales, lots	Tracks tax lots

For tax reporting concepts, see Reporting options on your tax return (not tax advice).

Tips

• Re-save after major leg changes so the entry basis matches your new thesis.
• For illiquid options, expect noisy P/L when the bid-ask is wide.
• Combine with chart modes in Greeks in the builder when reviewing open paper trades.

Worked example: paper iron condor week one

Monday: save iron condor on SPY, $2.00 credit modeled.
Wednesday: modeled P/L +$60 as spot stays mid-range and IV dips.
Friday: spot pierces short call wing; modeled P/L −$180.

You learned range risk without a broker fill. Compare to what your broker would have shown on a real credit spread.

Worked example: duplicate and adjust

Save version A with $5 wide wings. Duplicate thesis, widen to $10 wings in builder, save as B. Side-by-side list shows which paper trade had smaller max loss on the chart.

Entry basis drift

If you add a hedge leg but forget to re-save, mark-to-market compares old basis to new risk. Re-save or delete stale entries so P/L matches your story.

Sharing builder links

Saved strategies complement shareable URLs from the builder. Links show structure; saved entries track time series P/L for your account only.

Limits of modeled P/L

Corporate actions, splits, and halts can make saved legs stale. Delete or update saves after symbol changes.

Using saves in a study routine

Weekly review: sort by largest modeled loss, open builder, ask what you would do differently. Pattern recognition beats checking P/L only on winners.

Related guides

• Using the payoff builder
• Options chain visualizer guide
• Reading payoff charts

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ThetaViz provides educational tools only. This guide is not investment, tax, or legal advice. Prices, margin requirements, and tax rules change. Confirm details with your broker and qualified professionals before trading.