Today, October 9, I opened the sixth live campaign of my A14 Strategy.
The recommended limit was 0.35 debit per butterfly. That order did not fill, so I entered using a market order in IBKR. The actual fill was 1.00 debit per butterfly, or $200 for the two-lot position. The reference and fill came from different moments, so the difference alone does not measure market-order slippage.
This Week’s Trade
Opened: Friday, October 9, 2026, at 10:35 a.m. ET
Underlying: SPX
Expiration: October 23, 2026 — 14 DTE
Structure: Put Broken Wing Butterfly, 40/55
Quantity: 2 contracts
Buy: 2 × 7,790 PUT @ 57.80
Sell: 4 × 7,750 PUT @ 43.20
Buy: 2 × 7,695 PUT @ 29.60
Net debit: $200
Entry commission: $10.24
Modeled starting risk: $3,200
Target net profit: $160
The target is 5% of the recorded starting risk, with profit measured after commissions.
At the 10:30 a.m. calculation, SPX was 7,793.02. The system selected 40/55 from four eligible candidates. It passed all six required conditions and had the lowest selection score, with slightly positive delta, positive theta, and negative vega.
👉 View the position on OptionStrat
Management Plan
I will review the campaign each trading day at 3:30 p.m. New York time.
The opening management levels are 7,790 on the upside and 7,760 on the downside. At a review, SPX above the upper level or at or below the lower level can call for a put-calendar adjustment under the strategy’s rules.
The net profit target is $160. Defensive and time-based exit rules also apply; the plan is to close before expiration.
Disclaimer
All content is for informational purposes only and does not constitute financial advice. This is a personal trading journal, not a trade-alert service. Options involve substantial risk, and SPX contracts can produce large and rapid changes in value. Any strategy should be tested in a simulated environment before real capital is used. All trading decisions remain the sole responsibility of the reader.