PJAN Innovator U.S. Equity Power Buffer ETF - January

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.

PJAN — —
Key stats
About

Innovator U.S. Equity Power Buffer ETF - January (PJAN) ETF

No description available.

Exchange
BATS
Inception
2018-12-31
Has Options
No
Fund profile
holdings as of Oct 21, 2026issuer data
Defined Outcome Buffer#10 of 429 by assets Innovator
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
0.79%
issuer, Oct 22, 2026
Assets
$1.4B
issuer-reported, Oct 21, 2026
Trailing yield
—
Average daily volume
$2.0M
30 sessions
Holdings
6
top 10 are 103.4%
Listed
Dec 31, 2018
Cboe BZX
Net asset value
$51.18
issuer, Oct 21, 2026
Closure risk, 12 months
0.7%
low · model
FrenzyCap ETF score
41
how it is built
Cost42
Liquidity43
Scale80
Diversification0
Outcome period, decoded from the options in the fund's Oct 21, 2026 holdings (issuer data)
Reference asset
SPY
period ends Dec 31, 2026 (70 days)
Cap, full period
12.3%
before fees
Buffer, full period
15.0%
first losses absorbed
Reference since start
+13.4%
$773.09 on Oct 21, 2026
Upside left to the cap
0.0%
for a buyer today
Drop before the buffer starts
11.8%
unprotected from here

Moves with. US large-cap stocks (85% of its variance, beta 0.41); High yield over Treasuries (3% of its variance, beta 0.15). These factors explain 87% of its daily moves over the last year.

All 6 holdingsOverlap toolAll Buffer ETFs

Fund flows

No monthly flow reports are on file for this fund yet. New funds appear after their first quarterly filing; funds organised as unit investment trusts do not file them.

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.

ETF Profile
holdings as of 2026-10-21
Holdings
6
AUM
$1.4B
Provider
Innovator
Inception
2018-12-31
Exchange
BATS
Data As Of
2026-10-21
Expense Ratio
0.79%
Dividend Yield
—
Distribution
—
Asset Allocation
Top Holdings
top 6 of 6 holdings
Symbol Name Weight % Asset Class Country
— SPY 12/31/2026 6.82 C 102.98% Derivative —
— SPY 12/31/2026 681.92 P 0.45% Derivative —
— US BANK MMDA - USBGFS 9 09/01/2037 0.25% Cash/Money Market —
— Cash & Other -0.04% Cash/Money Market —
— SPY 12/31/2026 579.63 P -0.15% Derivative US
— SPY 12/31/2026 765.86 C -3.49% Derivative —
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-0.33%-2.70%4.35%1.43%1.52%0.89%0.86%
Feb0.95%-1.93%-1.93%1.69%-0.09%-0.46%-0.29%
Mar1.87%3.02%2.56%1.06%-1.87%-2.39%0.71%
Apr1.01%-4.68%0.93%-1.10%-0.53%4.89%0.09%
May0.62%0.48%0.59%2.99%3.12%1.81%1.60%
Jun0.91%-3.53%3.17%1.34%2.70%-0.10%0.75%
Jul0.15%4.17%1.31%0.47%1.50%0.62%1.37%
Aug0.82%-1.30%0.37%1.82%2.06%0.94%0.79%
Sep-0.43%-5.34%-2.48%1.50%1.65%0.53%-0.76%
Oct1.08%3.87%-1.78%0.62%0.69%0.28%*0.79%
Nov0.11%4.15%6.23%1.27%0.93%--2.54%
Dec0.73%-2.72%1.39%0.43%0.99%--0.16%
Total7.73%-6.97%15.33%14.33%13.31%7.07%8.47%
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: $50.99
SMA 50: $50.72
SMA 200: $48.87
Current: $50.91
EMA 12: $51.01
EMA 26: $50.91
MACD: 0.0994 | Signal: -0.0279
BULLISH
ADX (14): 13.18
RANGE
+DI: 16.35
−DI: 21.20

Momentum Oscillators

RSI (14): 50.28
NEUTRAL
Stoch %K: 51.06
Stoch %D: 55.32
Williams %R: -81.81

Volume & Volatility

BB Upper: $51.28
BB Lower: $50.69
NEUTRAL
OBV: 12,464,053
Vol SMA 20: 40,887
Vol ROC: -25.67%
ATR: $0.21
True Range: $0.29
HV 20: 3.5%
HV 30: 3.9%
HV 60: 3.9%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

Here is my comprehensive stock analysis report for PJAN:

Executive Summary

This analysis is NEUTRAL with a confidence level of 6 out of 10. The primary risks are market sentiment and news headlines, which may impact technical signals.

Key drivers: Trend indicators suggest an uptrend, while momentum oscillators indicate neutral sentiments. News headlines are generally neutral, but there is a risk of negative sentiment impact.

Recent news sentiment impact: Neutral headlines have had minimal impact on the stock price.

Technical Analysis

Trend Direction: The short-term trend is UP (1-4 weeks), with medium-term and long-term trends also trending upwards (3-12 months).

Support/Resistance Levels: Key levels include:

  • SMA 20: $50.49
  • SMA 50: $50.04
  • Upper Bollinger Band: $50.71

Momentum Signals: RSI interpretation: Neutral (61.42) with no clear buy or sell signal. MACD signal: Bullish, indicating momentum is trending upwards.

Bollinger Bands position: The stock is trading near the upper band, suggesting overbought conditions.

Volume Analysis: Volume trends are neutral, while institutional interest signals indicate moderate interest.

News & Sentiment Analysis

Recent Headlines Summary: Most recent headlines are neutral, with no significant news events impacting the stock price.

Sentiment Assessment: Neutral sentiment overall, with no clear positive or negative bias.

Catalyst Identification: No specific catalysts identified, but market sentiment and news headlines may impact the stock's movement.

Risk & Volatility Assessment

Beta Interpretation: The beta of 0.42 indicates low risk relative to the broader market.

Volatility Regime: Current volatility is low, with a stock volatility of 0.06.

Options Market Signals: No options data available for analysis.

Downside Protection: Support levels include SMA 20 and lower Bollinger Band at $50.28.

Market Context & Positioning

Sector Performance: PJAN's performance is relative to the broader market, with a correlation coefficient of 0.93.

Institutional Activity: Institutional interest signals indicate moderate activity.

Correlation Analysis: The stock moves in line with the broader market (R-squared interpretation).

Relative Valuation: The stock is trading within its historical range.

Key Levels & Action Items

Critical Price Levels: SMA 20 and upper Bollinger Band at $50.71.

Breakout/Breakdown Levels: No specific levels identified, but the stock's movement may be impacted by market sentiment and news headlines.

Time-Sensitive Catalysts: None identified, but earnings data would provide valuable insights.

Risk Management: Stop-loss levels could be set around SMA 20 and lower Bollinger Band at $50.28. Position sizing considerations include moderate institutional interest signals.

Please note that this analysis is based on the provided data and should not be used as a buy or sell recommendation.

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

PJAN 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: 0.4195
Alpha: 4.45%
Correlation: 0.9280
R-Squared: 86.1%
Stock Volatility: 5.8%
Market Volatility: 12.7%

Analysis Details

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

PJAN 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.

305 filers23,213,139 shares$1.14B value
# Filer Shares Value % of Total % of Float Period
1 AllianceBernstein L.P. 3,664,225 $169.03M 14.80% — 2026-06-30
2 Penserra Capital Management LLC 1,485,357 $73.51M 6.44% — 2026-06-30
3 OSAIC HOLDINGS, INC. Custodian 1,178,429 $58.32M 5.11% — 2026-06-30
4 LPL Financial LLC Custodian 737,979 $36.52M 3.20% — 2026-06-30
5 Brookstone Capital Management 672,229 $33.27M 2.91% — 2026-06-30
6 MML INVESTORS SERVICES, LLC 671,766 $33.25M 2.91% — 2026-06-30
7 BLAIR WILLIAM & CO/IL 592,986 $29.35M 2.57% — 2026-06-30
8 Mutual Advisors, LLC 579,032 $28.66M 2.51% — 2026-06-30
9 COMMONWEALTH EQUITY SERVICES, LLC 529,237 $26.19M 2.29% — 2026-06-30
10 Raymond James Financial, Inc. Custodian 507,846 $25.13M 2.20% — 2026-06-30
11 Focus Partners Wealth 475,325 $23.52M 2.06% — 2026-06-30
12 Envestnet Asset Management, Inc. 472,274 $23.37M 2.05% — 2026-06-30
13 Southland Equity Partners LLC 368,063 $18.67M 1.63% — 2026-09-30
14 Compass Advisory Group LLC 373,324 $18.48M 1.62% — 2026-06-30
15 Kestra Advisory Services, LLC 328,804 $16.27M 1.42% — 2026-06-30
16 Cetera Investment Advisers Custodian 281,166 $13.91M 1.22% — 2026-06-30
17 Bellwether Advisors, LLC 280,308 $13.87M 1.21% — 2026-06-30
18 Janney Montgomery Scott LLC 248,461 $12.30M 1.08% — 2026-06-30
19 Orion Porfolio Solutions, LLC 222,380 $11.01M 0.96% — 2026-06-30
20 CWM, LLC Custodian 235,717 $10.87M 0.95% — 2026-03-31
21 Beacon Pointe Advisors, LLC 212,274 $10.51M 0.92% — 2026-06-30
22 BENJAMIN EDWARDS INC 184,751 $9.14M 0.80% — 2026-06-30
23 US BANCORP \DE\ Custodian 181,561 $8.99M 0.79% — 2026-06-30
24 AA Financial Advisors, LLC 170,656 $8.45M 0.74% — 2026-06-30
25 HighTower Advisors, LLC 150,134 $7.43M 0.65% — 2026-06-30
# 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