← Trading Journal
Put BWB opened: 7190 / 7220 / 7225
Put broken wing butterfly opened on 5 August 2026, expiring 4 September 2026. Recorded entry premium: 1.20 points.
I opened a put broken wing butterfly on 5 August 2026, with 30 days to the 4 September 2026 expiry. The entry premium was 1.20 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long put — lower strike | 7190 |
| Short puts — body | 7220 |
| Long put — upper strike | 7225 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 30 and 5 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7771 |
| VIX (30-day) | 17.28 |
| Short strike relative to reference price | 551 points below |
| Entry delta | 0.089 |
| Entry premium | 1.20 points |
| Days to expiry at entry | 30 |
I closed the trade for take profit on 14 August 2026 at a 0.50-point debit. Read the separate closing entry.