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Call BWB opened: 7810 / 7820 / 7850
Call broken wing butterfly opened on 17 July 2026, expiring 14 August 2026. Recorded entry premium: 1.15 points.
I opened a call broken wing butterfly on 17 July 2026, with 28 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 | 7810 |
| Short calls — body | 7820 |
| Long call — upper strike | 7850 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 10 and 30 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7447 |
| VIX (30-day) | 18.39 |
| Short strike relative to reference price | 373 points above |
| Entry delta | 0.072 |
| Entry premium | 1.15 points |
| Days to expiry at entry | 28 |
I closed the trade for take profit on 23 July 2026 at a 0.50-point debit. Read the separate closing entry.