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Put BWB opened: 7000 / 7030 / 7040
Put broken wing butterfly opened on 16 July 2026, expiring 14 August 2026. Recorded entry premium: 1.00 points.
I opened a put broken wing butterfly on 16 July 2026, with 29 days to the 14 August 2026 expiry. The entry premium was 1.00 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long put — lower strike | 7000 |
| Short puts — body | 7030 |
| Long put — upper strike | 7040 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 30 and 10 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7558 |
| VIX (30-day) | 16.08 |
| Short strike relative to reference price | 528 points below |
| Entry delta | 0.09 |
| Entry premium | 1.00 points |
| Days to expiry at entry | 29 |
I closed the trade for take profit on 31 July 2026 at a 0.50-point debit. Read the separate closing entry.