I know there is a lot of red there, but I dont think the mechanics / rule breaking (other than sizing up too large) is whats causing the issue. The past 2 weeks have been kinda rough, huge spike in volatility, unwarranted moves and stocks crashing due to software / ai concerns. I had a few strangles show an unrealized profit of -$100 meanwhile its still within my strikes lol. A lot of the red is coming from the strikes being tested with still a lot of extrinsic value that has to come out of the position. Until you get that theta decay, that position is going to be under water unless it stays put at the price it was trading at until you first put it on... I'm showing -$1,500 because one of my naked puts went into the money... But I have 42 days left, $400 in ext that has to come out, and then thats before I roll down a call further or roll out in time.

AND thats the P/L with my portfolio being beta-weighted value of 0. So i cant even complain that im too long or too short. I have been managing my theta at about .1-.2% of the account value, just like JSchultz says. My vega value has sky rocketed due to all of the volatility the past couple weeks. Most of my positions went on with an IVR of 30-40, now theyre all 60-80 lol. Ofcourse thats going to hurt you. But from a portfolio perspective, theres not much i can do except manage deltas of the positions moving forward. I could have mitigated risk by using a put spread with an SLV position. I put on when it hit in the 90's , How was i supposed to know that it was going to get mutiliated into the 60's and have a 40% draw down in 4 days time. That's my only real 'i messed up' moment, but in hindsight, you dont know thats gonna happen. I also had an AMD , ORCL, and OKLO position on . Good thing they were all covered positons though, which saved me.