BUFF Innovator Laddered Allocation Power Buffer ETF

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BUFF — —
Key stats
About

Innovator Laddered Allocation Power Buffer ETF (BUFF) ETF

No description available.

Exchange
BATS
Inception
2016-10-20
Has Options
No
Fund profile
holdings as of Oct 21, 2026issuer datathrough Jul 2026flows, SEC filings
Defined Outcome Buffer#22 of 429 by assets Innovator Index-tracking
Defined-outcome fund. The stated cap and buffer apply only from the first day of the outcome period to its last; buying in between gives different terms. See what is left in the ETF lab.
Expense ratio
0.89%
issuer, Oct 22, 2026
Assets
$1.1B
issuer-reported, Oct 21, 2026
Trailing yield
—
Average daily volume
$5.4M
30 sessions
Holdings
14
top 10 are 83.3%
Listed
Oct 19, 2016
Cboe BZX
Net asset value
$54.28
issuer, Oct 21, 2026
Closure risk, 12 months
0.4%
low · model
Tracking difference
-0.08 pts
vs index, after fees, FY 2025
FrenzyCap ETF score
39
how it is built
Cost10
Liquidity58
Scale76
Diversification29

Moves with. US large-cap stocks (93% of its variance, beta 0.40). These factors explain 92% of its daily moves over the last year.

Stated objective. The Fund seeks investment results that generally correspond (before fees and expenses) to the performance of the FTSE Laddered Power Buffer Strategy Price Return Index (the Index ). (from the fund's prospectus)

All 14 holdingsFlow historyOverlap toolAll Buffer ETFs

Fund flows
through Jul 2026SEC filings
Jul 2026
+$40M
latest reported month
Latest 3 months
+$68M
+7.4% of assets
Latest 12 months
+$109M
+11.8% of assets
Aug 2025: +$29MSep 2025: −$32M−$32MSepOct 2025: −$17MNov 2025: −$4.9MNovDec 2025: +$2.5MJan 2026: +$7.5MJanFeb 2026: +$20MMar 2026: +$22MMarApr 2026: +$13MMay 2026: +$21MMayJun 2026: +$7.9MJul 2026: +$40M+$40MJul
View as a table
Net flows of BUFF by month, Aug 2025 to Jul 2026
MonthNet flow
Jul 2026+$40M
Jun 2026+$7.9M
May 2026+$21M
Apr 2026+$13M
Mar 2026+$22M
Feb 2026+$20M
Jan 2026+$7.5M
Dec 2025+$2.5M
Nov 2025−$4.9M
Oct 2025−$17M
Sep 2025−$32M
Aug 2025+$29M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 60 months ago

Similar funds
FundOverlapFeeAssets1Y
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.

Look-through: what the holdings say
weights as of Oct 21, 2026issuer data
Insider buying
0%
of weight had net insider buying, 90 days; 0% net selling
13F holders
+0.8%
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.

Under the hood
fiscal year to Oct 31, 2025SEC census
Authorized participants
5 active
of 5 with agreements; top 3 did 87%
Created · redeemed
$335M · $155M
over the fiscal year
Redemptions in kind
100%
creations 100% in kind
Creation unit
50,000
shares
Securities lending
1.81%
of assets on loan on average; earned 3.8 bp
Return vs index
-0.08 pts
after fees; +0.03 before; daily s.d. 0.02

From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.

ETF Profile
holdings as of 2026-10-21
Holdings
14
AUM
$1.1B
Provider
Innovator
Inception
2016-10-19
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.89%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 14 of 14 holdings
Symbol Name Weight % Asset Class Country
PJUN Innovator U.S. Equity Power Buffer ETF - June 8.35% Equity (US) —
PSEP Innovator U.S. Equity Power Buffer ETF - September 8.35% Equity (US) —
PJUL Innovator U.S. Equity Power Buffer ETF - July 8.34% Equity (US) —
PMAY Innovator U.S. Equity Power Buffer ETF - May 8.33% Equity (US) —
PAPR Innovator U.S. Equity Power Buffer ETF - April 8.33% Equity (US) —
PAUG Innovator U.S. Equity Power Buffer ETF - August 8.32% Equity (US) —
POCT Innovator U.S. Equity Power Buffer ETF - October 8.32% Equity (US) US
PJAN Innovator U.S. Equity Power Buffer ETF - January 8.31% Equity (US) —
PFEB Innovator U.S. Equity Power Buffer ETF - February 8.31% Equity (US) —
PDEC Innovator U.S. Equity Power Buffer ETF - December 8.31% Equity (US) —
PNOV Innovator U.S. Equity Power Buffer ETF - November 8.30% Equity (US) —
PMAR Innovator U.S. Equity Power Buffer ETF - March 8.29% Equity (US) —
— Cash & Other 0.08% Cash/Money Market —
— US BANK MMDA - USBGFS 9 09/01/2037 0.05% Cash/Money Market —
Geographic Breakdown
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan0.03%-1.63%3.47%1.37%1.45%0.64%0.89%
Feb0.73%-1.49%-1.43%1.63%0.09%-0.16%-0.11%
Mar1.39%2.81%2.26%0.87%-2.30%-1.83%0.53%
Apr0.91%-4.58%0.83%-0.70%-0.41%4.25%0.05%
May0.29%0.02%0.34%2.58%3.28%1.72%1.37%
Jun0.93%-3.17%3.50%1.40%2.60%0.15%0.90%
Jul0.33%3.90%1.69%0.61%1.32%0.58%1.41%
Aug0.65%-1.33%-0.21%1.79%1.82%0.96%0.61%
Sep-0.92%-4.72%-2.62%1.57%1.57%0.54%-0.76%
Oct1.65%3.36%-1.29%0.20%0.43%0.20%*0.76%
Nov-0.42%3.17%5.18%2.10%0.51%--2.11%
Dec2.04%-2.30%1.98%-0.64%0.71%--0.36%
Total7.84%-6.30%14.27%13.49%11.52%7.17%8.00%
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • 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.
Momentum Oscillators
  • 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.

Volume & Volatility
  • 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

SMA 20: $54.18
SMA 50: $53.91
SMA 200: $52.01
Current: $54.05
EMA 12: $54.19
EMA 26: $54.10
MACD: 0.0916 | Signal: -0.0392
BULLISH
ADX (14): 14.89
RANGE
+DI: 18.35
−DI: 21.99

Momentum Oscillators

RSI (14): 48.86
NEUTRAL
Stoch %K: 54.02
Stoch %D: 54.90
Williams %R: -70.00

Volume & Volatility

BB Upper: $54.56
BB Lower: $53.81
NEUTRAL
OBV: 3,771,222
Vol SMA 20: 90,828
Vol ROC: -6.56%
ATR: $0.26
True Range: $0.41
HV 20: 4.6%
HV 30: 4.6%
HV 60: 4.4%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: BUFF

Executive Summary

Overall assessment: NEUTRAL with confidence level 6/10 Key drivers: Momentum signals, technical indicators, and recent news sentiment Primary risks: Volatility, market fluctuations, and potential breakdown of current uptrend Investment thesis: BUFF's current momentum and technical strength are balanced by the risk of a potential pullback or reversal. Recent news sentiment impact: Neutral headlines have had little impact on the stock price.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): Uptrend; Medium-term (1-3 months): Uptrend; Long-term (3-12 months): Bullish

Support/Resistance Levels:

  • SMA 20: $51.97
  • SMA 50: $50.90
  • Upper Bollinger Band: $52.51

Momentum Signals:

  • RSI interpretation: Overbought (>70) with a reading of 70.42
  • MACD signal: Bullish crossover above the signal line
  • Bollinger Bands position: Neutral, indicating mean reversion potential

Volume Analysis:

  • Volume SMA 20: 47625.65
  • On-Balance Volume (OBV): 7148505.55
  • Volume Rate of Change: -39.46%

News & Sentiment Analysis

Recent Headlines Summary: Neutral headlines with no significant market impact

Sentiment Assessment: Neutral sentiment dominates the recent news headlines

Catalyst Identification: No immediate catalysts identified, but potential earnings announcements or product launches could drive future movements

Market Narrative: Current technical signals and momentum indicators are more influential than recent news headlines.

Risk & Volatility Assessment

Beta Interpretation: Low risk relative to market (beta = 0.42)

Volatility Regime: Low volatility with a stock volatility reading of 0.05

Options Market Signals: No options data available for analysis

Downside Protection: Support levels at SMA 20 ($51.97) and lower Bollinger Band ($51.43) provide some protection against potential price declines.

Market Context & Positioning

Sector Performance: BUFF's sector (Technology) has shown moderate strength, but the stock's performance is more closely tied to its individual technical signals and momentum indicators.

Institutional Activity: No significant institutional activity observed in recent trading sessions.

Correlation Analysis: The stock's movements are closely correlated with market movements (R-squared = 0.93), indicating a strong connection to broader market trends.

Relative Valuation: BUFF is positioned within its trading range, with no clear signs of overvaluation or undervaluation.

Key Levels & Action Items

Critical Price Levels: SMA 20 ($51.97) and lower Bollinger Band ($51.43) provide key support levels to monitor.

Breakout/Breakdown Levels: Upper Bollinger Band ($52.51) represents a potential resistance level, while a breakdown below SMA 50 ($50.90) could indicate a reversal in trend.

Time-Sensitive Catalysts: No immediate catalysts identified, but potential earnings announcements or product launches could drive future movements.

Risk Management: Consider stop-loss levels at SMA 20 ($51.97) and position sizing considerations based on risk tolerance.

Please let me know if you'd like me to adjust anything in this report!

Generated
News
All BUFF news →
Showing 1–10 of 50
Page 1 of 5

BUFF Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

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.

Stage 2 — Skew Adjustment (±25% cap)

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.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • 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.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How 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.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which 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.
Reading them together

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.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

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.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 0.3937
Alpha: 4.31%
Correlation: 0.9566
R-Squared: 91.5%
Stock Volatility: 5.2%
Market Volatility: 12.8%

Analysis Details

Benchmark: SPY
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Beta & Alpha Over Time

BUFF Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional 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.

166 filers12,828,805 shares$677.35M value
# Filer Shares Value % of Total % of Float Period
1 LPL Financial LLC Custodian 1,948,392 $102.64M 15.15% — 2026-06-30
2 Envestnet Asset Management, Inc. 1,175,856 $61.94M 9.15% — 2026-06-30
3 Cetera Investment Advisers Custodian 658,695 $34.70M 5.12% — 2026-06-30
4 OSAIC HOLDINGS, INC. Custodian 568,582 $29.95M 4.42% — 2026-06-30
5 Kingsview Wealth Management, LLC 534,402 $28.15M 4.16% — 2026-06-30
6 Prasad Wealth Partners, LLC 410,619 $21.63M 3.19% — 2026-06-30
7 Collaborative Wealth Managment Inc. 399,153 $21.03M 3.10% — 2026-06-30
8 LifeWealth Investments, LLC 371,319 $19.56M 2.89% — 2026-06-30
9 Janney Montgomery Scott LLC 357,980 $18.86M 2.78% — 2026-06-30
10 Holos Integrated Wealth LLC 347,147 $18.32M 2.70% — 2026-06-30
11 Raymond James Financial, Inc. Custodian 279,901 $14.75M 2.18% — 2026-06-30
12 UBS Group AG Custodian 261,085 $13.75M 2.03% — 2026-06-30
13 Mutual Advisors, LLC 246,563 $12.99M 1.92% — 2026-06-30
14 MTM FINANCIAL GROUP, LLC 245,663 $12.94M 1.91% — 2026-06-30
15 Buska Wealth Management, LLC 233,118 $12.56M 1.85% — 2026-09-30
16 COMMONWEALTH EQUITY SERVICES, LLC 224,575 $11.83M 1.75% — 2026-06-30
17 HighTower Advisors, LLC 206,416 $10.87M 1.61% — 2026-06-30
18 Quadcap Wealth Management, LLC 200,096 $10.54M 1.56% — 2026-06-30
19 Kestra Advisory Services, LLC 185,124 $9.75M 1.44% — 2026-06-30
20 Cambridge Investment Research Advisors, Inc. 177,621 $9.36M 1.38% — 2026-06-30
21 HARBOUR INVESTMENTS, INC. 155,941 $8.21M 1.21% — 2026-06-30
22 World Investment Advisors 152,508 $8.03M 1.19% — 2026-06-30
23 KFG WEALTH MANAGEMENT, LLC 138,908 $7.48M 1.10% — 2026-09-30
24 GWN SECURITIES INC. 133,359 $7.03M 1.04% — 2026-06-30
25 Caliber Wealth Management, LLC / KS 121,964 $6.43M 0.95% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
BUFF Constituent Performance

Click any bar to view the full quote for that stock.

BUFF Constituents (12 of 12)
Symbol Name Weight % Price 1 Day 1 Week 1 Month
PJUN Innovator U.S. Equity Power Buffer ETF - June 8.35% $44.06 -0.99%-0.59%-0.11%
PSEP Innovator U.S. Equity Power Buffer ETF - September 8.35% $46.96 -0.74%-0.51%-0.04%
PJUL Innovator U.S. Equity Power Buffer ETF - July 8.34% $49.82 -0.87%-0.52%-0.01%
PMAY Innovator U.S. Equity Power Buffer ETF - May 8.33% $42.31 -0.75%-0.54%+0.07%
PAPR Innovator U.S. Equity Power Buffer ETF - April 8.33% $43.32 -0.39%-0.06%+0.36%
PAUG Innovator U.S. Equity Power Buffer ETF - August 8.32% $46.83 -0.43%-0.36%+0.15%
POCT Innovator U.S. Equity Power Buffer ETF - October 8.32% $47.97 -0.55%-0.67%+0.50%
PJAN Innovator U.S. Equity Power Buffer ETF - January 8.31% $50.94 -0.40%-0.30%+0.29%
PFEB Innovator U.S. Equity Power Buffer ETF - February 8.31% $44.26 -0.34%-0.27%+0.23%
PDEC Innovator U.S. Equity Power Buffer ETF - December 8.31% $47.29 -0.46%-0.44%+0.30%
PNOV Innovator U.S. Equity Power Buffer ETF - November 8.30% $45.83 -0.54%-0.54%+0.37%
PMAR Innovator U.S. Equity Power Buffer ETF - March 8.29% $49.03 -0.22%-0.35%+0.29%