Radar Tool
# of Legs
Description
Radar Tool
# of Legs
Description
Position Health for a Single Option
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The Firebird Single Option Position Health Agent generates a comprehensive "Medical Record" for specific positions, moving beyond simple P&L to determine if a trade is mathematically valid or merely relying on hope. It assigns a composite "Health Score" based on Probability of Profit and Theta Efficiency while instantly auditing for hidden threats like "Gamma Risk" or "Vega Bloat" that standard platforms often miss,. Instead of leaving you to guess, the agent prescribes specific "Smart Adjustments"—such as rolling strikes or converting to spreads—to statistically repair the probability of success when a trade moves against you,. Consequently, this tool allows you to remove emotion from crisis management, turning "stuck" positions into calculated recovery opportunities by following a data-driven prescription rather than panic-closing,
Position Health for all {Symbol} Options.
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The Firebird Portfolio Health Agent acts as a comprehensive risk auditor for your entire account, aggregating disjointed positions into a single "State of the Union" report to answer the critical question of whether your portfolio would survive a sudden market crash, By calculating Beta-Weighted Delta and running Correlation Stress Tests, this tool exposes hidden concentration risks—such as accidental "super-bull" exposure to a single sector—that standard brokerage platforms often fail to detect, Instead of merely flagging these dangers, the agent assigns a simple "Health Score" and prescribes specific, actionable hedge suggestions, such as buying sector-specific puts to neutralize volatility risk,,,. Consequently, this tool allows you to proactively rebalance your book with institutional precision, ensuring you are mathematically diversified rather than just hoping for the best when market conditions shift.
Complete Greek Analysis for all {Symbol} Options.
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The Firebird Complete Greek Analysis Agent generates a comprehensive "State of the Union" for your {Symbol} positions by comparing your current Greek exposure against your opening metrics to quantify exactly how your strategic thesis has drifted. Unlike standard broker platforms, this tool calculates dynamic "Efficiency Ratios"—such as the Theta/Gamma split—to determine if the daily income you are collecting is worth the specific volatility risk you are holding,. By identifying "Profitable Traps," the agent warns you when a trade that looks profitable on the surface has silently developed critical vulnerabilities, such as massive Gamma risk or accidental directional bias,. Consequently, this insight allows you to make data-driven decisions on whether to hold, adjust, or close a position based on its mathematical integrity rather than just its current profit and loss status.
Position Health for Your Portfolio.
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The Firebird Position Health Agent is an AI-driven diagnostic tool designed to instantly audit complex option spreads by running thousands of Monte Carlo simulations to stress-test your specific trade against real-time market conditions. By generating a precise "Health Score," this tool diagnoses the true stability of your position, revealing hidden risks like "Gamma explosions" or volatility crushes that simple P&L tracking cannot detect,. When a trade is distressed, the agent removes emotional decision-making by prescribing three specific, actionable adjustment scenarios—ranging from conservative rolls to aggressive hedges—to mathematically repair the trade. Consequently, traders can navigate "red" positions with confidence, executing data-backed rescue missions to salvage capital rather than panic-closing for a maximum loss,
Radar Tool
# of Legs
Description
Rank the Top 3 position-improvements with a description of the reasoning for the ranking-Table: Adjustment, Justification
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RINA Index – The RINA index is a proprietary index that combines Select Total Net Profit, time in the market, and drawdown calculations into a single reward/risk ratio, that can be used to compare strategies The larger the number the more efficient/risk adverse the strategy.
RINA Index = (Select Total Net Profit)/((average drawdown) x (percent time in the market)) The TradeStation Strategy Performance Report displays the RINA Index for All Trades Only.
Adjusted Net Profit as % of Largest Loss – Displays the percentage of Adjusted Total Net Profit to the single worst unprofitable completed trade (see Note) during the specified period. Adjusted Net Profit / Largest Loss = Adjusted Total Net Profit divided by Largest Losing Trade.
Adjusted profit and loss is calculated by looking at the number of trades, subtracting the square root, multiplied by the average profit or loss. The concept here is that strategy may perform better live than the adjusted historical performance.
Takes into account commissions (and slippage, if specified for strategies) plus possible currency conversion factors.
Adjusted Net Profit as % of Max. Drawdown (Trade Close to Trade Close) – Displays the percentage return of the Adjusted Net Profit to the greatest loss drawdown, from the previous highest equity run-up, closed trade to closed trade, (including commissions and slippage if specified) looking across all trades, during the specified period. Adjusted Total Net Profit as % of Maximum Drawdown (Trade Close to Trade Close) = Adjusted Total Net Profit divided by Maximum Drawdown (Trade Close to Trade Close).
Adjusted profit and loss is calculated by looking at the number of trades, subtracting the square root, multiplied by the average profit or loss. The concept here is that strategy may perform better live than the adjusted historical performance.
Takes into account commissions (and slippage, if specified for strategies) plus possible currency conversion factors.
Largest Consecutive (Gain / (Loss) – Displays the largest profit or loss for a consecutive winning or losing series during the specified period for the strategy.
Win Rate – Displays the percentage of completed trades that were profitable, during the specified period. Percent Profitable = Winning Trades divided by Total Number of Trades.
% Time in Market – Displays the percentage of total time that your trades were in the market, either Long or Short, not including flat periods between trades (see Note). Generally, the greater amount of time you are in the market, the greater the risk exposure. Displays for All Trades only.
Percent of Time in the Market = Trading Period divided by Time in the Market
Takes into account commissions (and slippage, if specified for strategies).
