← Trading Journal
Call BWB opened: 7880 / 7900 / 7950
Call broken wing butterfly opened on 16 July 2026, expiring 14 August 2026. Recorded entry premium: 1.15 points.
I opened a call broken wing butterfly on 16 July 2026, with 29 days to the 14 August 2026 expiry. The entry premium was 1.15 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long call — lower strike | 7880 |
| Short calls — body | 7900 |
| Long call — upper strike | 7950 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 20 and 50 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7558 |
| VIX (30-day) | 16.08 |
| Short strike relative to reference price | 342 points above |
| Entry delta | 0.073 |
| Entry premium | 1.15 points |
| Days to expiry at entry | 29 |
I closed the trade for take profit on 17 July 2026 at a 0.50-point debit. Read the separate closing entry.