Position Max Drawdown
The maximum percentage decline in the position's unrealized P&L from its peak. Aggregates the stock or crypto holding plus all option spreads on that underlying. Returns 0 at a new high water mark; rises as P&L falls below the peak, so it is never negative.
Position Max Drawdown
Definition
The maximum percentage decline in the position's unrealized P&L from its peak. Aggregates the stock or crypto holding plus all option spreads on that underlying. Returns 0 at a new high water mark; rises as P&L falls below the peak, so it is never negative.
Parameters
Asset
Output range: >= 0 (percentage points of P&L)
Example
`Position Max Drawdown(NVDA) > 25` (the aggregate position P&L is more than 25 percentage points below its observed peak)
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