← Trading Journal
Call BWB opened: 8000 / 8010 / 8050
Call broken wing butterfly opened on 28 August 2026, expiring 25 September 2026. Recorded entry premium: 2.40 points.
I opened a call broken wing butterfly on 28 August 2026, with 28 days to the 25 September 2026 expiry. The entry premium was 2.40 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long call — lower strike | 8000 |
| Short calls — body | 8010 |
| Long call — upper strike | 8050 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 10 and 40 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7735 |
| VIX (30-day) | 14.66 |
| Short strike relative to reference price | 275 points above |
| Entry delta | 0.115 |
| Entry premium | 2.40 points |
| Days to expiry at entry | 28 |
I closed the trade for take profit on 8 September 2026 at a 0.50-point debit. Read the separate closing entry.