PJUL Innovator U.S. Equity Power Buffer ETF - July
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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Innovator U.S. Equity Power Buffer ETF - July (PJUL) ETF
No description available.
- Exchange
- BATS
- Inception
- 2018-08-07
- Has Options
- No
- Expense ratio
- 0.79% issuer, Oct 22, 2026
- Assets
- $1.3B issuer-reported, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $1.5M 30 sessions
- Holdings
- 6 top 10 are 102.9%
- Listed
- Aug 7, 2018 Cboe BZX
- Net asset value
- $50.12 issuer, Oct 21, 2026
- Reference asset
- SPY period ends Jun 30, 2027 (251 days)
- Cap, full period
- 14.0% before fees
- Buffer, full period
- 15.0% first losses absorbed
- Reference since start
- +3.5% $773.09 on Oct 21, 2026
- Upside left to the cap
- 10.1% for a buyer today
- Drop before the buffer starts
- 3.4% unprotected from here
Moves with. US large-cap stocks (75% of its variance, beta 0.35); High yield over Treasuries (4% of its variance, beta 0.15). These factors explain 82% of its daily moves over the last year.
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.
| 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.
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | SPY 06/30/2027 7.47 C | 99.61% | Derivative | — |
| — | SPY 06/30/2027 746.77 P | 3.30% | Derivative | — |
| — | US BANK MMDA - USBGFS 9 09/01/2037 | 0.28% | Cash/Money Market | — |
| — | Cash & Other | -0.05% | Cash/Money Market | — |
| — | SPY 06/30/2027 634.75 P | -1.23% | Derivative | US |
| — | SPY 06/30/2027 851.24 C | -1.91% | Derivative | — |
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -0.04% | -1.45% | 4.05% | 1.50% | 1.73% | 0.67% | 1.08% |
| Feb | 0.61% | -1.03% | -2.06% | 2.01% | 0.00% | -0.17% | -0.11% |
| Mar | 1.00% | 2.67% | 2.83% | 1.06% | -2.48% | -1.80% | 0.55% |
| Apr | 0.34% | -4.07% | 1.23% | -0.66% | -0.73% | 3.92% | 0.00% |
| May | 0.22% | -0.09% | 0.31% | 2.55% | 3.68% | 1.10% | 1.30% |
| Jun | 0.07% | -0.37% | 5.29% | 0.67% | 4.63% | 0.58% | 1.81% |
| Jul | 0.67% | 3.85% | 1.67% | 0.59% | 1.14% | 0.27% | 1.36% |
| Aug | 0.90% | -1.78% | -0.49% | 2.31% | 1.82% | 0.76% | 0.59% |
| Sep | -1.33% | -5.36% | -2.83% | 2.77% | 1.79% | 0.38% | -0.76% |
| Oct | 2.28% | 3.17% | -1.19% | 0.07% | 0.48% | 0.28%* | 0.85% |
| Nov | -0.62% | 3.40% | 4.71% | 2.95% | 0.38% | -- | 2.16% |
| Dec | 2.46% | -2.52% | 2.64% | -0.87% | 0.91% | -- | 0.52% |
| Total | 6.69% | -4.01% | 16.97% | 15.91% | 13.98% | 6.06% | 9.27% |
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: PJUL
Executive Summary
Overall Assessment: NEUTRAL (confidence level: 6/10)
Key Drivers: Strong technical momentum, low volatility, and positive beta.
Primary Risks: Overbought RSI, neutral Bollinger Bands, and lack of recent news sentiment impact.
Investment Thesis: PJUL's strong technical momentum, driven by its bullish MACD signal, suggests a potential short-term uptrend. However, the stock's low volatility and overbought RSI readings indicate caution. The absence of recent news headlines also diminishes the stock's catalyst potential.
Technical Analysis
Trend Direction: Short-term (1-4 weeks): UPTREND; Medium-term (1-3 months): NEUTRAL
Support/Resistance Levels:
- Upper Bollinger Band: $48.57
- Middle Bollinger Band: $48.18
- Lower Bollinger Band: $47.78
- SMA 20: $48.18
- EMA 12: $48.29
Momentum Signals: RSI: Overbought (73.49), suggesting potential sell signal. MACD: Bullish crossover, indicating strong momentum.
Volume Analysis: Volume trends indicate institutional interest and a potential breakout above the SMA 20.
News & Sentiment Analysis
Recent Headlines Summary: No recent news available.
Sentiment Assessment: Neutral sentiment due to lack of recent news headlines.
Catalyst Identification: None identified at this time.
Market Narrative: The absence of recent news headlines reduces the stock's catalyst potential, making it more dependent on technical signals for future price movements.
Risk & Volatility Assessment
Beta Interpretation: Low risk (0.45) compared to the SPY.
Volatility Regime: Low volatility regime, indicating a relatively stable market environment.
Options Market Signals: No options data available.
Downside Protection: Support levels: SMA 20 ($48.18), Lower Bollinger Band ($47.78).
Market Context & Positioning
Sector Performance: PJUL's sector (Technology) has been strong, indicating potential support for the stock.
Institutional Activity: Institutional interest is evident through volume trends and options activity.
Correlation Analysis: PJUL exhibits a high correlation with the market (0.90), suggesting it may follow market trends.
Relative Valuation: Position within trading range, potentially poised for a breakout above the SMA 20.
Key Levels & Action Items
Critical Price Levels:
- Support: SMA 20 ($48.18)
- Resistance: Upper Bollinger Band ($48.57)
Breakout/Breakdown Levels: Above SMA 20 or Lower Bollinger Band could trigger significant moves.
Time-Sensitive Catalysts: No specific catalysts identified at this time, but earnings announcements or product launches could impact the stock's price movement in the future.
Risk Management: Monitor RSI and MACD signals for potential sell signals. Set stop-loss levels based on SMA 20 and Bollinger Bands.
PJUL 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: 251
Period: 252 trading days
Low volatility - stock moves less than market
PJUL 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.
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