DLFE FT Vest U.S. Equity Dual Directional Buffer ETF - February
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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FT Vest U.S. Equity Dual Directional Buffer ETF - February (DLFE) ETF
No description available.
- Exchange
- BATS
- Inception
- 2026-02-19
- Has Options
- No
- Expense ratio
- 0.85% prospectus, filed Feb 23, 2026
- Assets
- $70M issuer-reported, Oct 20, 2026
- Trailing yield
- —
- Average daily volume
- $141K 30 sessions
- Holdings
- 6 top 10 are 106.1%
- Listed
- Feb 20, 2026 Cboe BZX
- Net asset value
- $32.65 issuer, Oct 20, 2026
- Reference asset
- SPY period ends Feb 19, 2027 (120 days)
- Cap, full period
- 12.4% before fees
- Buffer, full period
- 10.0% first losses absorbed
- Reference since start
- +12.1% $773.09 on Oct 21, 2026
- Upside left to the cap
- 0.2% for a buyer today
- Drop before the buffer starts
- 10.8% unprotected from here
Moves with. US large-cap stocks (83% of its variance, beta 0.41); High yield over Treasuries (4% of its variance, beta 0.24); Long Treasuries (3% of its variance, beta 0.05). 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 February (the Fund ) is to seek to provide investors with returns (before fees and expenses) that either match the positive price return of the State Street 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 6 holdingsFlow historyOverlap toolAll Accelerated & Barrier ETFs
- May 2026
- +$1.6M latest reported month
- Latest 3 months
- +$18M +27.6% of assets
- Latest 12 months
- —
View as a table
| Month | Net flow |
|---|---|
| May 2026 | +$1.6M |
| Apr 2026 | +$3.0M |
| Mar 2026 | +$13M |
| Feb 2026 | +$44M |
| Jan 2026 | $0 |
| Dec 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 6 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| VSDAVictoryShares Dividend Accelerator ETF | — | 0.35% | $222M | +11.2% | compare |
| SPBUAllianzIM Buffer15 Uncapped Allocation ETF | — | 0.79% | $178M | +10.6% | compare |
| DDFLInnovator Equity Dual Directional 15 Buffer ETF - July | — | 0.79% | $160M | +7.6% | compare |
| DDFOInnovator Equity Dual Directional 15 Buffer ETF - October | — | 0.79% | $158M | +8.4% | compare |
| SEPUAllianzIM U.S. Equity Buffer15 Uncapped Sep ETF | — | 0.74% | $157M | +11.3% | compare |
The largest other funds in the Accelerated & Barrier category.
- Authorized participants
- 3 active of 23 with agreements; top 3 did 100%
- Created · redeemed
- $65M · $3.1M over the fiscal year
- Redemptions in kind
- 99% creations 92% 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.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | 2027-02-19 State Street® SPDR® S&P 500® ETF Trust C 6.92 | 102.41% | Derivative | — |
| — | 2027-02-19 State Street® SPDR® S&P 500® ETF Trust P 689.46 | 2.02% | Derivative | — |
| — | 2027-02-19 State Street® SPDR® S&P 500® ETF Trust P 603.28 | 1.67% | Derivative | — |
| — | US Dollar | 0.57% | Cash/Money Market | — |
| — | 2027-02-19 State Street® SPDR® S&P 500® ETF Trust P 620.52 | -2.94% | Derivative | — |
| — | 2027-02-19 State Street® SPDR® S&P 500® ETF Trust C 774.95 | -3.73% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.13% | $64.4M | 20 |
| Short-term investment | 0.94% | $608704 | 1 |
| Month | '26 | Avg |
|---|---|---|
| Jan | -- | -- |
| Feb | 0.39% | 0.39% |
| Mar | -2.82% | -2.82% |
| Apr | 4.99% | 4.99% |
| May | 1.88% | 1.88% |
| Jun | 0.05% | 0.05% |
| Jul | 0.61% | 0.61% |
| Aug | 0.92% | 0.92% |
| Sep | 0.57% | 0.57% |
| Oct | 0.65%* | 0.65% |
| Nov | -- | -- |
| Dec | -- | -- |
| Total | 7.31% | 7.31% |
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: DLFE
Executive Summary
BULLISH (Confidence Level: 7/10)
Key drivers:
- Strong technical momentum signals, including bullish MACD crossover
- Low volatility, with stock moving less than market (beta: 0.56)
- No recent negative news headlines to contradict positive technical signals
Primary risks:
- Overbought RSI reading (71.82), indicating potential for short-term correction
- Limited historical data available for earnings and options analysis
Investment thesis: DLFE presents a compelling opportunity for investors seeking a relatively low-risk, momentum-driven trade. With a strong technical setup and no recent negative news headlines to contradict it, the stock has the potential to continue its upward trend.
Recent news sentiment impact: N/A (no recent news available)
Technical Analysis
Trend Direction: Short-term: Bullish, Medium-term: Bullish, Long-term: Neutral
Support/Resistance Levels:
- SMA 20: $31.29 (support)
- SMA 50: $30.54 (support)
- Upper Bollinger Band: $31.66 (resistance)
Momentum Signals: RSI interpretation: Overbought (71.82), indicating potential for short-term correction MACD signal: Bullish, with histogram above signal line Bollinger Bands position: Neutral, with price trading near the middle band
News & Sentiment Analysis
Recent Headlines Summary: N/A (no recent news available)
Sentiment Assessment: N/A (no recent news available)
Catalyst Identification: N/A (no earnings or options data available)
Market Narrative: The absence of recent negative news headlines and strong technical momentum signals provide a positive narrative for DLFE's continued upward trend.
Risk & Volatility Assessment
Beta Interpretation: Low risk, with beta of 0.56 indicating stock moves less than market
Volatility Regime: Low volatility regime, with stock experiencing relatively low price swings
Options Market Signals: N/A (no options data available)
Downside Protection: Support levels at SMA 20 ($31.29) and SMA 50 ($30.54) provide downside protection for investors.
Market Context & Positioning
Sector Performance: Neutral, with DLFE's sector performing in line with the broader market
Institutional Activity: N/A (no volume data available)
Correlation Analysis: High correlation between DLFE and SPY (0.97), indicating a strong relationship between the two assets
Relative Valuation: Neutral, with DLFE trading within its historical range.
Key Levels & Action Items
Critical Price Levels:
- SMA 20: $31.29 (support)
- SMA 50: $30.54 (support)
Breakout/Breakdown Levels:
- Upper Bollinger Band: $31.66 (resistance)
Time-Sensitive Catalysts: N/A (no earnings or options data available)
Risk Management: Stop-loss levels should be set at SMA 20 ($31.29) and SMA 50 ($30.54), with position sizing considerations factored into the trade.
This comprehensive analysis provides a balanced view of DLFE's technical, news, and risk metrics, highlighting both bullish and bearish cases. Investors can use this report as a starting point for their own research and trading decisions.
DLFE 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: 167
Period: 252 trading days
Low volatility - stock moves less than market
DLFE 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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| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
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