Your broker shows you positions. It never shows you risk — and never across your other accounts. GradientView consolidates everything into one book, measures how it can actually hurt you, and lets you test changes before you make them. Three layers, each building on the last.
A long call on one name, shares of another, a short put on a third — position by position, you can't see the bet they add up to. Layer 1 consolidates every account into one book and computes your true net exposure as single numbers.
Two portfolios with identical positions can carry wildly different risk depending on how they move together. Layer 2 measures interaction, not just individual positions — and names the hidden bet driving most of your risk.
Adjust positions in a sandbox and watch every metric recompute instantly — before you touch your broker. The sandbox holds equity and option legs together, so options traders and the underlying live in one scenario.
Cash-secured put → assignment → covered call, auto-detected from your trade history. Adjusted cost basis and annualized return per cycle. Retire the spreadsheet.
Where your returns actually came from — theta versus direction versus vol. Often the uncomfortable truth: your gains were premium, your directional calls lost.
"Your net vega just doubled." "Earnings in 3 days and it's 40% of your gamma." "Your VaR crossed the limit you set." About your book — not the market.
The gamma flip that matters is the one under your short strikes. The variance premium that matters is the one your book is short. GradientView overlays the options desks onto your positions — that's the whole point of the name.