DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August

ETF

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DLAG — —
Key stats
About

FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) ETF

No description available.

Exchange
BATS
Inception
2025-09-19
Has Options
No
Fund profile
holdings as of May 29, 2026SEC filingthrough May 2026flows, SEC filings
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
0.85%
prospectus, filed Sep 22, 2025
Assets
$16M
SEC filing, May 29, 2026
Trailing yield
—
Average daily volume
$250K
30 sessions
Holdings
14
top 10 are 106.4%
Listed
Sep 19, 2025
Cboe BZX
Closure risk, 12 months
3.6%
low: trading volume, age · model
FrenzyCap ETF score
10
how it is built
Cost20
Liquidity13
Scale0
Diversification0

Moves with. US large-cap stocks (84% of its variance, beta 0.41); High yield over Treasuries (5% of its variance, beta 0.19). These factors explain 90% of its daily moves over the last year.

Stated objective. "The investment objective of the FT Vest U.S. Equity Dual Directional Buffer ETF August (the Fund ) is to seek to provide investors with returns (before fees and expenses) that either match the positive price return of the SPDR S&P 500 ETF Trust ( ""SPY"" or the Underlying ETF ) up to a predetermined upside cap (the Cap ) or match the absolute value of the negative price return of the Underlying ETF up to a specified threshold (the Inverse Performance Threshold ) (as further described below), while also seeking to provide a 10% buffer (the Buffer ) against losses that exceed the Inverse Performance Threshold over an approximate one-year period (the Target Outcome Period )." (from the fund's prospectus)

All 14 holdingsFlow historyOverlap toolAll Accelerated & Barrier ETFs

Fund flows
through May 2026SEC filings
May 2026
−$6.6M
latest reported month
Latest 3 months
−$6.6M
−39.8% of assets
Latest 12 months
—
Sep 2025: +$3.1MSepOct 2025: +$17M+$17MNov 2025: $0NovDec 2025: +$1.6MJan 2026: +$1.6MJanFeb 2026: −$1.6MMar 2026: $0MarApr 2026: $0May 2026: −$6.6M−$6.6MMay
View as a table
Net flows of DLAG by month, Sep 2025 to May 2026
MonthNet flow
May 2026−$6.6M
Apr 2026$0
Mar 2026$0
Feb 2026−$1.6M
Jan 2026+$1.6M
Dec 2025+$1.6M
Nov 2025$0
Oct 2025+$17M
Sep 2025+$3.1M

Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 9 months ago

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SPBUAllianzIM Buffer15 Uncapped Allocation ETF—0.79%$178M+11.1%compare
SEPUAllianzIM U.S. Equity Buffer15 Uncapped Sep ETF—0.74%$164M+11.7%compare
DDFLInnovator Equity Dual Directional 15 Buffer ETF - July—0.79%$148M+7.7%compare
DDFZInnovator Equity Dual Directional 15 Buffer ETF - June—0.79%$147M—compare

The largest other funds in the Accelerated & Barrier category.

Under the hood
fiscal year to May 31, 2026SEC census
Authorized participants
2 active
of 23 with agreements; top 3 did 100%
Created · redeemed
$23M · $8.1M
over the fiscal year
Redemptions in kind
0%
creations 0% in kind
Creation unit
50,000
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.

ETF Profile
holdings as of 2026-05-31
Holdings
16
AUM
$22.1M
Provider
Nport
Inception
2025-09-19
Exchange
BATS
Data As Of
2026-05-31
Expense Ratio
0.85%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 16 of 16 holdings
Symbol Name Weight % Asset Class Country
— CBOE GLOBAL MARKETS, INC. 56.48% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 35.30% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 7.06% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 4.16% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 3.47% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 1.85% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 1.54% Derivative (equity) US
— Dreyfus Government Cash Management Funds 0.80% Short-term investment US
— CBOE GLOBAL MARKETS, INC. 0.46% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. 0.39% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -0.13% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -0.65% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -0.69% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -1.04% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -3.44% Derivative (equity) US
— CBOE GLOBAL MARKETS, INC. -5.50% Derivative (equity) US
Non-Equity Breakdown
FT Vest U.S. Equity Dual Directional Buffer ETF - August · NPORT-P period 2026-05-29 (filed 2026-07-23)
Net assets: $16M · 14 total positions · equity 0.00% · non-equity 100.08%
Non-equity holdings — 14 positions, 100.08% of NAV
Category Weight Value Positions
Derivative (equity) 99.49% $16.4M 13
Short-term investment 0.59% $97908 1
Chart
Seasonality
Month'25'26Avg
Jan--0.84%0.84%
Feb---0.41%-0.41%
Mar---2.33%-2.33%
Apr--4.62%4.62%
May--1.64%1.64%
Jun--0.44%0.44%
Jul--0.73%0.73%
Aug--0.75%0.75%
Sep0.12%0.66%0.39%
Oct0.67%0.98%*0.82%
Nov0.50%--0.50%
Dec0.89%--0.89%
Total2.20%8.07%5.13%
* Only 2 year(s) of data available.
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: $33.78
SMA 50: $33.66
SMA 200: $32.44
Current: $34.06
EMA 12: $33.90
EMA 26: $33.79
MACD: 0.1117 | Signal: 0.0223
BULLISH
ADX (14): 22.29
WEAK TREND
+DI: 27.68
−DI: 52.12

Momentum Oscillators

RSI (14): 63.12
NEUTRAL
Stoch %K: 95.83
Stoch %D: 95.39
Williams %R: -0.42

Volume & Volatility

BB Upper: $34.15
BB Lower: $33.42
NEUTRAL
OBV: 308,477
Vol SMA 20: 7,947
Vol ROC: -65.10%
ATR: $0.18
True Range: $0.12
HV 20: 5.3%
HV 30: 5.4%
HV 60: 4.6%

Data Summary

Data Points: 265
Last Updated:
Date Range: 2025-09-22T00:00:00 – 2026-10-09T00:00:00
AI Analysis

Click Frenzy-Pro™ for an AI analysis of this ticker.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

DLAG Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU

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: 0.4352
Alpha: 3.79%
Correlation: 0.9405
R-Squared: 88.5%
Stock Volatility: 6.0%
Market Volatility: 13.0%

Analysis Details

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

DLAG 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.

18 filers228,529 shares$7.61M value
# Filer Shares Value % of Total % of Float Period
1 Farther Finance Advisors, LLC Custodian 73,310 $2.47M 32.53% — 2026-09-30
2 Kestra Advisory Services, LLC 35,226 $1.16M 15.30% — 2026-06-30
3 MONEY CONCEPTS CAPITAL CORP 25,563 $844.97K 11.10% — 2026-06-30
4 Susquehanna International Group, LLP Custodian 21,436 $708.55K 9.31% — 2026-06-30
5 Cetera Investment Advisers Custodian 20,570 $679.93K 8.94% — 2026-06-30
6 COMMONWEALTH EQUITY SERVICES, LLC 10,018 $331.14K 4.35% — 2026-06-30
7 OLD MISSION CAPITAL LLC 9,631 $318.35K 4.18% — 2026-06-30
8 Integras Partners LLC 7,900 $261.13K 3.43% — 2026-06-30
9 Noble Wealth Management PBC 7,600 $256.58K 3.37% — 2026-09-30
10 IFP Advisors, Inc Custodian 7,309 $241.59K 3.18% — 2026-06-30
11 VestGen Advisors, LLC 7,067 $233.59K 3.07% — 2026-06-30
12 CWM, LLC Custodian 817 $25.14K 0.33% — 2026-03-31
13 Arax Advisory Partners Custodian 653 $21.59K 0.28% — 2026-06-30
14 FIDUCIARY FINANCIAL ADVISORS Custodian 502 $16.59K 0.22% — 2026-06-30
15 AE Wealth Management LLC Custodian 487 $16.10K 0.21% — 2026-06-30
16 HARBOUR INVESTMENTS, INC. 309 $10.21K 0.13% — 2026-06-30
17 UBS Group AG Custodian 80 $2.64K 0.03% — 2026-06-30
18 CoreCap Advisors, LLC 51 $1.72K 0.02% — 2026-09-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month