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Put BWB opened: 7350 / 7375 / 7380
Put broken wing butterfly opened on 12 October 2026, expiring 13 November 2026. Recorded entry premium: 1.25 points.
I opened a put broken wing butterfly on 12 October 2026, with 32 days to the 13 November 2026 expiry. The entry premium was 1.25 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long put — lower strike | 7350 |
| Short puts — body | 7375 |
| Long put — upper strike | 7380 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 25 and 5 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7813 |
| VIX (30-day) | 15.28 |
| Short strike relative to reference price | 438 points below |
| Entry delta | 0.118 |
| Entry premium | 1.25 points |
| Days to expiry at entry | 32 |