AJUL Innovator Equity Defined Protection ETF - 2 Yr to July 2028
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Innovator Equity Defined Protection ETF - 2 Yr to July 2028 (AJUL) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-06-28
- Has Options
- No
- Expense ratio
- 0.79% issuer, Oct 22, 2026
- Assets
- $99M issuer-reported, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $319K 30 sessions
- Holdings
- 7 top 10 are 105.4%
- Listed
- Jun 28, 2024 Cboe BZX
- Net asset value
- $30.43 issuer, Oct 21, 2026
- Reference asset
- VOO period ends Jun 30, 2028 (617 days)
- Cap, full period
- 18.3% before fees
- Protection, full period
- 100.0% losses below the start level
- Reference since start
- +3.5% $710.72 on Oct 21, 2026
- Upside left to the cap
- 14.3% for a buyer today
- Drop before the buffer starts
- 3.4% unprotected from here
Moves with. US large-cap stocks (67% of its variance, beta 0.21); High yield over Treasuries (4% of its variance, beta 0.10). These factors explain 70% of its daily moves over the last year.
No monthly flow reports are on file for this fund yet. New funds appear after their first quarterly filing; funds organised as unit investment trusts do not file them.
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JAJLInnovator Equity Defined Protection ETF - 6mo Jan/Jul | — | 0.79% | $304M | +5.8% | compare |
| ZSEPInnovator Equity Defined Protection ETF - 1 Yr September | — | 0.79% | $243M | +5.5% | compare |
| ZOCTInnovator Equity Defined Protection ETF - 1 Yr October | — | 0.79% | $215M | +6.0% | compare |
| ZJULInnovtor Equity Defined Protection ETF - 1 Yr July | — | 0.79% | $195M | +5.5% | compare |
| ZAUGInnovator Equity Defined Protection ETF - 1 Yr August | — | 0.79% | $163M | +5.7% | compare |
The largest other funds in the Floor & Protection category.
- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- −10.9% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| VOO | Vanguard S&P 500 ETF | 99.48% | Equity (US) | US |
| — | VOO 06/30/2028 686.81 P | 5.50% | Derivative | — |
| — | US BANK MMDA - USBGFS 9 09/01/2037 | 0.47% | Cash/Money Market | — |
| — | VOO 06/30/2028 741.75 C | 0.41% | Derivative | — |
| — | Cash & Other | -0.02% | Cash/Money Market | — |
| — | VOO 06/30/2028 741.75 P | -0.30% | Derivative | — |
| — | VOO 06/30/2028 812.7 C | -5.55% | Derivative | — |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 1.06% | 0.45% | 0.76% |
| Feb | -- | -0.13% | 0.08% | -0.03% |
| Mar | -- | -1.27% | -0.97% | -1.12% |
| Apr | -- | 0.16% | 2.24% | 1.20% |
| May | -- | 1.92% | 0.57% | 1.24% |
| Jun | -- | 1.78% | 0.40% | 1.09% |
| Jul | 0.81% | 0.80% | 0.24% | 0.62% |
| Aug | 2.30% | 1.14% | 0.43% | 1.29% |
| Sep | 2.01% | 1.07% | -0.16% | 0.97% |
| Oct | -0.66% | 0.32% | 0.17%* | -0.06% |
| Nov | 1.39% | 0.33% | -- | 0.86% |
| Dec | -0.31% | 0.81% | -- | 0.25% |
| Total | 5.63% | 8.24% | 3.47% | 5.78% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: AJUL
Executive Summary
Overall Assessment: NEUTRAL (confidence level 6/10) Key Drivers: Strong technical momentum, low volatility, and potential catalysts in the near term. Primary Risks: Overbought conditions, lack of recent news, and no earnings data available. Investment Thesis: AJUL's strong technical momentum and low volatility make it an attractive option for traders seeking a stable investment. However, overbought conditions and the absence of recent news may lead to potential pullbacks or consolidation.
Recent News Sentiment Impact: No recent news available; therefore, no impact on sentiment.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): Bullish Medium-term (1-3 months): Bullish Long-term (3-12 months): Neutral
Support/Resistance Levels: Key price levels from moving averages and technical patterns: * SMA 20: $29.88 * SMA 50: $29.59 * SMA 200: $29.04
Momentum Signals:
* RSI interpretation (overbought >70, oversold <30, neutral 30-70): Overbought (76.91)
* MACD signal (bullish/bearish crossover): Bullish
* Bollinger Bands position (squeeze, breakout, mean reversion): Neutral
Volume Analysis: Volume trends and institutional interest signals: * Volume SMA 20: 3492.90 * On-Balance Volume (OBV): 646950.58 * Volume Rate of Change: 85.62%
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral (no recent news available)
Catalyst Identification: No earnings data or options activity available; however, potential catalysts may arise in the near term.
Market Narrative: AJUL's technical momentum and low volatility suggest a stable investment. However, overbought conditions and lack of recent news may lead to potential pullbacks or consolidation.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta 0.25)
Volatility Regime: Current vs historical volatility levels: * Stock Volatility: 0.03 (low) * Historical Volatility: HV20 0.6%, HV30 1.1%, HV60 4.3%
Options Market Signals: IV Premium vs HV30: N/A (positive = implied richer than realized)
Downside Protection: Support levels and risk management considerations: * SMA 200: $29.04 * Lower Bollinger Band: $29.78
Market Context & Positioning
Sector Performance: Relative strength vs sector/market:
Institutional Activity: Volume patterns suggesting institutional interest signals: * On-Balance Volume (OBV): 646950.58 * Volume Rate of Change: 85.62%
Correlation Analysis: How stock moves relative to market (R-squared interpretation): * Correlation: 0.91
Relative Valuation: Position within trading range: * AJUL's current price is above the SMA 200 and SMA 50, indicating a strong uptrend.
Key Levels & Action Items
Critical Price Levels: Support/resistance to monitor: * SMA 20: $29.88 * Lower Bollinger Band: $29.78
Breakout/Breakdown Levels: Technical levels that could trigger significant moves: * Upper Bollinger Band: $30.16
Time-Sensitive Catalysts: No earnings data or options activity available; however, potential catalysts may arise in the near term.
Risk Management: Stop-loss levels and position sizing considerations: * SMA 200: $29.04 * Lower Bollinger Band: $29.78
AJUL Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
AJUL Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| VOO | Vanguard S&P 500 ETF | 99.48% | $701.42 | -1.31% | -1.13% | -0.79% |