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Call BWB opened: 8045 / 8050 / 8075
Call broken wing butterfly opened on 19 October 2026, expiring 20 November 2026. Recorded entry premium: 1.85 points.
I opened a call broken wing butterfly on 19 October 2026, with 32 days to the 20 November 2026 expiry. The entry premium was 1.85 points.
What was the trade setup?
| Spread leg | Strike |
|---|---|
| Long call — lower strike | 8045 |
| Short calls — body | 8050 |
| Long call — upper strike | 8075 |
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 | 7702 |
| VIX (30-day) | 18.44 |
| Short strike relative to reference price | 348 points above |
| Entry delta | 0.108 |
| Entry premium | 1.85 points |
| Days to expiry at entry | 32 |