← Trading Journal
Call BWB opened: 8120 / 8125 / 8150
Call broken wing butterfly opened on 14 October 2026, expiring 13 November 2026. Recorded entry premium: 1.55 points.
I opened a call broken wing butterfly on 14 October 2026, with 30 days to the 13 November 2026 expiry. The entry premium was 1.55 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long call — lower strike | 8120 |
| Short calls — body | 8125 |
| Long call — upper strike | 8150 |
The structure has a long–short–long ratio of 1:2:1. The wing widths are 5 and 25 points.
What were the entry conditions?
| Recorded field | Value |
|---|---|
| Reference price | 7774 |
| VIX (30-day) | 15.63 |
| Short strike relative to reference price | 351 points above |
| Entry delta | 0.087 |
| Entry premium | 1.55 points |
| Days to expiry at entry | 30 |
I closed the trade for take profit on 16 October 2026 at a 0.50-point debit. Read the separate closing entry.