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Put BWB opened: 6960 / 7000 / 7010
Put broken wing butterfly opened on 3 August 2026, expiring 28 August 2026. Recorded entry premium: 1.10 points.
I opened a put broken wing butterfly on 3 August 2026, with 25 days to the 28 August 2026 expiry. The entry premium was 1.10 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long put — lower strike | 6960 |
| Short puts — body | 7000 |
| Long put — upper strike | 7010 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 40 and 10 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7504 |
| VIX (30-day) | 15.99 |
| Short strike relative to reference price | 504 points below |
| Entry delta | 0.077 |
| Entry premium | 1.10 points |
| Days to expiry at entry | 25 |
I closed the trade for take profit on 4 August 2026 at a 0.50-point debit. Read the separate closing entry.