DECM FT Vest U.S. Equity Max Buffer ETF - December
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FT Vest U.S. Equity Max Buffer ETF - December (DECM) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-12-19
- Has Options
- No
- Expense ratio
- 0.85% prospectus, filed Dec 22, 2025
- Assets
- $35M issuer-reported, Oct 20, 2026
- Trailing yield
- —
- Average daily volume
- $516K 30 sessions
- Holdings
- 5 top 10 are 106.6%
- Listed
- Dec 20, 2024 Cboe BZX
- Net asset value
- $34.41 issuer, Oct 20, 2026
- Reference asset
- SPY period ends Dec 18, 2026 (57 days)
- Cap, full period
- 7.0% before fees
- Buffer, full period
- 50.6% first losses absorbed
- Reference since start
- +13.6% $773.09 on Oct 21, 2026
- Upside left to the cap
- 0.0% for a buyer today
- Drop before the buffer starts
- 12.0% unprotected from here
Moves with. US large-cap stocks (84% of its variance, beta 0.17). These factors explain 84% of its daily moves over the last year.
Stated objective. "The investment objective of the FT Vest U.S. Equity Max Buffer ETF December (the Fund ) is to seek to provide investors with returns (before fees and expenses) that match the price return of the SPDR S&P 500 ETF Trust (the ""Underlying ETF"" ) up to a predetermined upside cap while seeking to provide the maximum available buffer (before fees and expenses), as described below, against Underlying ETF losses over an approximate period of one year (the ""Target Outcome Period"" )." (from the fund's prospectus)
- May 2026
- $0 latest reported month
- Latest 3 months
- −$6K −0.0% of assets
- Latest 12 months
- +$12M +23.1% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | −$6K |
| Feb 2026 | +$300 |
| Jan 2026 | +$12M |
| Dec 2025 | +$6.6M |
| Nov 2025 | −$4.1M |
| Oct 2025 | $0 |
| Sep 2025 | $0 |
| Aug 2025 | −$1.6M |
| Jul 2025 | $0 |
| Jun 2025 | −$788K |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 18 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
- 4 active of 23 with agreements; top 3 did 99%
- Created · redeemed
- $62M · $50M over the fiscal year
- Redemptions in kind
- 0% creations 0% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
- 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 |
|---|---|---|---|---|
| — | 2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 6.79 | 106.17% | Derivative | — |
| — | US Dollar | 0.48% | Cash/Money Market | — |
| — | 2026-12-18 State Street® SPDR® S&P 500® ETF Trust P 680.57 | 0.42% | Derivative | — |
| — | 2026-12-18 State Street® SPDR® S&P 500® ETF Trust P 336.21 | -0.01% | Derivative | — |
| — | 2026-12-18 State Street® SPDR® S&P 500® ETF Trust C 728.23 | -7.06% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.29% | $53.5M | 16 |
| Short-term investment | 0.78% | $418096 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.83% | 0.45% | 0.64% |
| Feb | -- | -0.01% | -0.10% | -0.06% |
| Mar | -- | -0.86% | -0.87% | -0.86% |
| Apr | -- | 0.34% | 1.95% | 1.15% |
| May | -- | 1.30% | 0.79% | 1.04% |
| Jun | -- | 1.30% | 0.04% | 0.67% |
| Jul | -- | 0.73% | 0.50% | 0.61% |
| Aug | -- | 1.02% | 0.53% | 0.78% |
| Sep | -- | 0.92% | 0.47% | 0.70% |
| Oct | -- | 0.54% | 0.47%* | 0.51% |
| Nov | -- | 0.45% | -- | 0.45% |
| Dec | -0.23% | 0.67% | -- | 0.22% |
| Total | -0.23% | 7.45% | 4.29% | 3.84% |
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: DECM
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers and Primary Risks: The stock's recent price action has been influenced by its positive momentum indicators, with the MACD signal line crossing above the zero line. However, the RSI is currently overbought, indicating a potential pullback.
Investment Thesis: DECM appears to be in a consolidation phase after a recent uptrend. While the technical signals suggest a bullish bias, the stock's low volatility and lack of clear catalysts may result in sideways trading or a more measured advance.
Recent News Sentiment Impact: No recent news headlines available; therefore, no sentiment impact assessment is possible at this time.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Uptrend
- Medium-term (1-3 months): Consolidation/Neutral
- Long-term (3-12 months): Bullish
Support/Resistance Levels: The stock's recent high of $34.20 serves as resistance, while the SMA 50 ($33.94) and SMA 200 ($33.28) provide support.
Momentum Signals:
- RSI interpretation: Overbought (69.67), indicating a potential pullback
- MACD signal: Bullish crossover above zero line
- Bollinger Bands position: Neutral, with the stock hovering near the middle band
Volume Analysis: The volume indicators suggest a lack of institutional interest, with low volume and a declining OBV.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available for analysis.
Sentiment Assessment: N/A (no recent news data)
Catalyst Identification: None identified at this time.
Market Narrative: The lack of clear catalysts or significant market-moving events may result in a prolonged consolidation period.
Risk & Volatility Assessment
Beta Interpretation: Low-risk stock with a beta of 0.17 relative to the SPY.
Volatility Regime: Low volatility, with historical volatility levels indicating a calm market environment.
Options Market Signals: No options data available for analysis.
Downside Protection: The SMA 50 and SMA 200 provide support below current prices, while the Bollinger Bands suggest a potential mean reversion.
Market Context & Positioning
Sector Performance: DECM's sector (Technology) has been performing relatively strong recently.
Institutional Activity: Low institutional interest is evident from the volume indicators.
Correlation Analysis: The stock has a high correlation with the SPY, indicating it follows market trends closely.
Relative Valuation: DECM appears reasonably valued within its trading range.
Key Levels & Action Items
Critical Price Levels:
- Resistance: $34.20
- Support: SMA 50 ($33.94), SMA 200 ($33.28)
Breakout/Breakdown Levels: None identified at this time.
Time-Sensitive Catalysts: No immediate catalysts are present, but the stock's earnings report may provide a near-term market-moving event.
Risk Management: Consider using stop-loss orders below $34.05 to limit potential losses in case of a pullback.
This comprehensive analysis provides an objective assessment of DECM's technical and fundamental factors, highlighting key levels and action items for investors considering this stock.
DECM 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: 250
Period: 252 trading days
Low volatility - stock moves less than market
DECM 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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