← Trading Journal
Call BWB opened: 7775 / 7780 / 7800
Call broken wing butterfly opened on 29 July 2026, expiring 28 August 2026. Recorded entry premium: 1.10 points.
I opened a call broken wing butterfly on 29 July 2026, with 30 days to the 28 August 2026 expiry. The entry premium was 1.10 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long call — lower strike | 7775 |
| Short calls — body | 7780 |
| Long call — upper strike | 7800 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 5 and 20 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7418 |
| VIX (30-day) | 19.72 |
| Short strike relative to reference price | 362 points above |
| Entry delta | 0.075 |
| Entry premium | 1.10 points |
| Days to expiry at entry | 30 |
I closed the trade for take profit on 28 August 2026 at a 0.50-point debit. Read the separate closing entry.