BSTP Innovator Buffer Step-Up Strategy ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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Innovator Buffer Step-Up Strategy ETF (BSTP) ETF
No description available.
- Exchange
- ARCX
- Inception
- 2022-03-07
- Has Options
- No
- Expense ratio
- 0.89% issuer, Oct 22, 2026
- Assets
- $60M issuer-reported, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $121K 30 sessions
- Holdings
- 6 top 10 are 103.6%
- Listed
- Mar 7, 2022 NYSE Arca
- Net asset value
- $40.51 issuer, Oct 21, 2026
- Reference asset
- SPY period ends Aug 31, 2027 (313 days)
- Cap, full period
- 18.2% before fees
- Buffer, full period
- 9.0% first losses absorbed
- Reference since start
- +0.8% $773.09 on Oct 21, 2026
- Upside left to the cap
- 17.3% for a buyer today
- Drop before the buffer starts
- 0.8% unprotected from here
Moves with. US large-cap stocks (93% of its variance, beta 0.63). These factors explain 97% of its daily moves over the last year.
Stated objective. The Fund seeks to provide investors with investment exposure to the return of an ETF that tracks the returns, before fees and expenses, of an index of large capitalization U.S. equity securities (the Underlying ETF ), subject to potential investment gains up to a limit (prior to taking into account management fees and other fees), while providing the potential for downside protection against investment losses up to a limit (prior to taking into account management fees and other fees). (from the fund's prospectus)
- Jul 2026
- +$478K latest reported month
- Latest 3 months
- −$27K −0.1% of assets
- Latest 12 months
- −$1.1M −1.8% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$478K |
| Jun 2026 | −$35K |
| May 2026 | −$471K |
| Apr 2026 | −$98K |
| Mar 2026 | $0 |
| Feb 2026 | −$11K |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
| Nov 2025 | −$920K |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 54 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| BUFRFT Vest Laddered Buffer ETF | — | 0.95% | $10.9B | +12.7% | compare |
| BALTInnovator Defined Wealth Shield ETF | — | 0.69% | $3.2B | +6.7% | compare |
| BUFDFT Vest Laddered Deep Buffer ETF | — | 0.95% | $2.2B | +10.4% | compare |
| BUFQFT Vest Laddered Nasdaq Buffer ETF | — | 1.00% | $1.7B | +14.8% | compare |
| FJANFT Vest U.S. Equity Buffer ETF - January | — | 0.85% | $1.5B | +13.4% | compare |
The largest other funds in the Buffer category.
- Authorized participants
- 2 active of 2 with agreements; top 3 did 100%
- Created · redeemed
- $169M · $184M over the fiscal year
- Redemptions in kind
- 50% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- Diversification status
- Non-diversified may concentrate in fewer issuers
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SPY 08/31/2027 7.72 C | 99.18% | Derivative | — |
| — | SPY 08/31/2027 767.1 P | 4.41% | Derivative | — |
| — | US BANK MMDA - USBGFS 9 09/01/2037 | 0.09% | Cash/Money Market | — |
| — | Cash & Other | -0.08% | Cash/Money Market | — |
| — | SPY 08/31/2027 906.65 C | -1.09% | Derivative | — |
| — | SPY 08/31/2027 698.06 P | -2.51% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.88% | $60.1M | 4 |
| Short-term investment | 0.09% | $54373 | 1 |
| Month | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|
| Jan | -- | 5.14% | 1.67% | 2.32% | 0.87% | 2.50% |
| Feb | -- | -2.43% | 2.59% | -0.39% | -0.82% | -0.26% |
| Mar | 6.12% | 3.26% | 1.32% | -2.72% | -3.59% | 0.88% |
| Apr | -6.82% | 1.08% | -1.91% | -0.55% | 5.53% | -0.53% |
| May | 0.02% | 0.56% | 3.62% | 3.76% | 2.92% | 2.18% |
| Jun | -5.99% | 3.93% | 2.45% | 2.78% | -0.38% | 0.56% |
| Jul | 5.66% | 2.32% | 0.69% | 1.47% | 0.38% | 2.10% |
| Aug | -2.25% | -0.84% | 2.89% | 2.57% | 1.02% | 0.68% |
| Sep | -6.95% | -3.79% | 3.00% | 2.59% | 0.52% | -0.93% |
| Oct | 4.06% | -1.44% | 0.06% | 1.04% | 0.89%* | 0.92% |
| Nov | 4.52% | 5.54% | 3.68% | 0.20% | -- | 3.48% |
| Dec | -4.09% | 2.83% | -1.69% | 0.83% | -- | -0.53% |
| Total | -6.79% | 16.84% | 19.76% | 14.62% | 7.32% | 10.35% |
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
Here is the comprehensive stock analysis report for BSTP:
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers and Primary Risks:
- Strong technical signals, including a bullish MACD crossover and rising trend strength
- Overbought RSI levels suggest potential near-term pullback
- Low volatility and stable beta indicate reduced risk profile
Investment Thesis: BSTP is experiencing an uptrend driven by strong momentum indicators. While the stock has reached overbought levels, the low volatility environment reduces the likelihood of a sharp correction.
Recent News Sentiment Impact: No recent news available, so no impact on sentiment analysis.
Technical Analysis
Trend Direction:
- Short-term: Uptrend (1-4 weeks)
- Medium-term: Uptrend (1-3 months)
- Long-term: Uptrend (3-12 months)
Support/Resistance Levels:
- SMA 20: $38.88
- SMA 50: $37.78
- SMA 200: $36.96
- Upper Bollinger Band: $39.52
Momentum Signals:
- RSI interpretation: Overbought (75.42) with a potential sell signal
- MACD signal: Bullish crossover above signal line
- Bollinger Bands position: Neutral, suggesting no clear directional bias
Volume Analysis:
- Volume SMA 20: 4892.95
- On-Balance Volume (OBV): 683000.55
- Volume Rate of Change: 5.28% (indicating increasing buying pressure)
News & Sentiment Analysis
Recent Headlines Summary: No recent news available
Sentiment Assessment: Neutral (no sentiment data available)
Catalyst Identification: None identified
Market Narrative: None (no recent news or market context)
Risk & Volatility Assessment
Risk Metrics:
- Beta: 0.66 (vs SPY) - indicating low risk relative to the broader market
- Alpha: -0.00
- Correlation: 0.98
- Stock Volatility: 0.08 (low volatility)
- Interpretation: Low volatility, stock moves less than market
Options Market Signals: No options data available
Downside Protection:
- Support levels: SMA 20 ($38.88), SMA 50 ($37.78), and SMA 200 ($36.96)
Market Context & Positioning
Sector Performance: BSTP's sector (Technology) is performing relatively well, with a slightly higher R-squared value compared to the broader market.
Institutional Activity: No institutional activity data available
Correlation Analysis: BSTP exhibits low volatility and stable beta, suggesting reduced risk profile relative to the broader market.
Relative Valuation: BSTP trades within its established trading range, with no significant deviations from its historical levels.
Key Levels & Action Items
Critical Price Levels:
- SMA 20 ($38.88)
- SMA 50 ($37.78)
- SMA 200 ($36.96)
Breakout/Breakdown Levels: None identified
Time-Sensitive Catalysts: No earnings dates or product launches announced
Risk Management: Consider setting a stop-loss order around the lower Bollinger Band ($38.25) to limit potential losses.
This comprehensive analysis report provides an objective assessment of BSTP's technical and fundamental characteristics, highlighting both bullish and bearish cases.
BSTP 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
BSTP 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 |
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| # | Filer | Notional Value | % of Total | Period |
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