Yesterday, June 24, I closed the QQQ Call Broken Wing Butterfly during the second half of the trading session.
The trade did what it was designed to do: QQQ stopped pressing higher, upside momentum cooled, and the defined-risk structure gave me a clean window to take profit before expiration risk became the main factor.
What Was Opened
On June 9, I opened a QQQ Call Broken Wing Butterfly using the July 10 expiration.
The structure was:
Buy 3x 761 Call
Sell 6x 762 Call
Buy 3x 785 Call
This was a bearish/neutral trade built after QQQ had already made a stretched upside move. The goal was not to call a major top. The goal was to use a defined-risk options trade to position for a slowdown, consolidation, or pullback while collecting premium.
That is exactly the type of setup this structure is designed for.
Trade Recap
Structure: Call BWB
Opened: June 9, 2026
Expiration: July 2, 2026
Closed: July 10, 2026
Long Call: 761C
Short Call: 762C
Long Call: 785C
Contracts: 3
Exit Prices:
761C Long Call: $1.65
762C Short Call: $1.54
785C Long Call: $0.31
Exit Broker Fees: –$8.41
Net P/L: +$274 (46%)
👉 View on OptionStrat
👉 View in Trade Log
Final Takeaway
This was a clean execution of the original plan.
The setup started with an overbought RSI extension, the structure gave the trade defined risk, and the exit captured a strong profit before expiration risk became unnecessary.
Final result: +$274 net profit after commissions.
Disclaimer
All content is for informational purposes only and does not constitute financial advice.Any trades or strategies should be tested in a simulated environment before use.Trading involves risk, and all decisions are the sole responsibility of the reader.