← Trading Journal
Put BWB opened: 7270 / 7300 / 7310
Put broken wing butterfly opened on 28 August 2026, expiring 25 September 2026. Recorded entry premium: 1.05 points.
I opened a put broken wing butterfly on 28 August 2026, with 28 days to the 25 September 2026 expiry. The entry premium was 1.05 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long put — lower strike | 7270 |
| Short puts — body | 7300 |
| Long put — upper strike | 7310 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 30 and 10 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7735 |
| VIX (30-day) | 14.72 |
| Short strike relative to reference price | 435 points below |
| Entry delta | 0.109 |
| Entry premium | 1.05 points |
| Days to expiry at entry | 28 |
I closed the trade for take profit on 17 September 2026 at a 0.50-point debit. Read the separate closing entry.