132 Call Butterflies

Every time I start a journal, markets move against me within the next week, and the c.2% fall in S&P500 towards the end of the week, hit my soft limits so I closed some of these with a mixture of profits on those where some time had passed and a loss on the one opened on Monday.

Not all bad news, as I caught some profit for the 16 October expiry first.

Structure 132 Call Fly
Open Date 18-Sep-26
Security ES
Expiry Date 16-Oct-26
Strikes 7700/7850/7925
Open Debit 32.0
Close Date 15-Oct-26
Close Credit 72.6
Profit / (Loss) 40.6
Profit / (Loss) % on VaR 127.0%

Structure 132 Call Fly
Open Date 23-Sep-26
Security ES
Expiry Date 21-Oct-26
Strikes 7775/7925/8000
Open Debit 31.0
Close Date 15-Oct-26
Close Credit 34.8
Profit / (Loss) 3.8
Profit / (Loss) % on VaR 12.1%

Structure 132 Call Fly
Open Date 02-Oct-26
Security ES
Expiry Date 30-Oct-26
Strikes 7800/7950/8025
Open Debit 18.0
Close Date 16-Oct-26
Close Credit 23.4
Profit / (Loss) 5.4
Profit / (Loss) % on VaR 29.9%

Structure 132 Call Fly
Open Date 12-Oct-26
Security ES
Expiry Date 06-Nov-26
Strikes 7875/8025/8100
Open Debit 31.5
Close Date 16-Oct-26
Close Credit 19.0
Profit / (Loss) -12.5
Profit / (Loss) % on VaR -39.7%

I opened another position from the lower entry point yesterday.

Structure 132 Call Fly
Open Date 16-Oct-26
Security ES
Expiry Date 13-Nov-26
Strikes 7725/7875/7950
Open Debit 30.5