TBJL Innovator 20+ Year Treasury Bond 9 Buffer ETF - July

ETF

ETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels

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TBJL — —
Key stats
About

Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) ETF

No description available.

Exchange
BATS
Inception
2020-08-17
Has Options
No
Fund profile
holdings as of Oct 21, 2026issuer data
Defined Outcome Buffer#325 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
$8.5M
issuer-reported, Oct 21, 2026
Trailing yield
—
Average daily volume
$45K
30 sessions
Holdings
6
top 10 are 103.4%
Listed
Aug 17, 2020
Cboe BZX
Net asset value
$18.84
issuer, Oct 21, 2026
Closure risk, 12 months
5.7%
low: trading volume · model
FrenzyCap ETF score
15
how it is built
Cost42
Liquidity0
Scale0
Diversification0
Outcome period, decoded from the options in the fund's Oct 21, 2026 holdings (issuer data)
Reference asset
TLT
period ends Jun 30, 2027 (251 days)
Cap, full period
52.3%
before fees
Buffer, full period
9.0%
first losses absorbed
Reference since start
−7.2%
$80.24 on Oct 21, 2026
Upside left to the cap
64.0%
for a buyer today
Drop before the buffer starts
0.0%
unprotected from here

Moves with. Long Treasuries (62% of its variance, beta 0.46); High yield over Treasuries (6% of its variance, beta -0.16). These factors explain 68% 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.

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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
$8.5M
Provider
Innovator
Inception
2020-08-17
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
— TLT 06/30/2027 0.86 C 94.31% Derivative —
— TLT 06/30/2027 86.42 P 9.06% Derivative —
— US BANK MMDA - USBGFS 9 09/01/2037 0.18% Cash/Money Market —
— Cash & Other -0.04% Cash/Money Market —
— TLT 06/30/2027 131.6 C -0.07% Derivative —
— TLT 06/30/2027 78.64 P -3.43% Derivative —
Chart
Seasonality
'21'22'23'24'25'26Avg
Jan-1.95%-0.74%3.79%-1.19%0.10%-0.03%-0.00%
Feb-3.30%-0.73%-4.13%-2.44%2.82%2.88%-0.82%
Mar-2.53%-3.41%3.98%0.56%-1.12%-1.68%-0.70%
Apr0.83%-6.50%0.08%-2.48%-1.38%-0.43%-1.65%
May0.49%-0.40%0.88%2.20%-0.86%0.05%0.39%
Jun4.66%-0.70%0.93%0.91%1.19%0.10%1.18%
Jul1.75%1.19%-1.33%3.70%-1.30%-3.06%0.16%
Aug-0.25%-4.77%-1.20%0.76%-1.01%0.40%-1.01%
Sep-1.24%-4.45%-4.52%0.39%2.89%-3.58%-1.75%
Oct1.78%-5.84%-3.38%-4.55%0.66%2.17%*-1.53%
Nov1.33%5.58%5.38%2.32%0.33%--2.99%
Dec-0.62%-3.74%4.49%-4.33%-0.90%---1.02%
Total0.69%-22.45%4.40%-4.45%1.30%-3.32%-3.97%
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: $18.53
SMA 50: $18.79
SMA 200: $19.53
Current: $18.82
EMA 12: $18.66
EMA 26: $18.66
MACD: -0.0046 | Signal: 0.0640
BEARISH
ADX (14): 21.85
WEAK TREND
+DI: 36.05
−DI: 27.38

Momentum Oscillators

RSI (14): 58.96
NEUTRAL
Stoch %K: 85.46
Stoch %D: 83.07
Williams %R: -7.90

Volume & Volatility

BB Upper: $18.88
BB Lower: $18.18
NEUTRAL
OBV: -264,341
Vol SMA 20: 1,752
Vol ROC: -59.05%
ATR: $0.10
True Range: $0.04
HV 20: 7.2%
HV 30: 7.7%
HV 60: 7.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
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.

News
All TBJL news →
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TBJL 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: 0.0959
Alpha: -10.09%
Correlation: 0.2095
R-Squared: 4.4%
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

TBJL 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.

17 filers497,633 shares$9.87M value
# Filer Shares Value % of Total % of Float Period
1 Ashton Thomas Private Wealth, LLC 118,237 $2.35M 23.76% — 2026-06-30
2 Susquehanna International Group, LLP Custodian 83,229 $1.65M 16.73% — 2026-06-30
3 Arlington Capital Management, Inc. 70,069 $1.39M 14.08% — 2026-06-30
4 OLD MISSION CAPITAL LLC 56,241 $1.12M 11.30% — 2026-06-30
5 Capital Investment Advisory Services, LLC 30,847 $611.84K 6.20% — 2026-06-30
6 COMMONWEALTH EQUITY SERVICES, LLC 28,284 $561.00K 5.68% — 2026-06-30
7 Kestra Advisory Services, LLC 24,918 $494.24K 5.01% — 2026-06-30
8 Citadel Advisors LLC Custodian 22,782 $451.87K 4.58% — 2026-06-30
9 OSAIC HOLDINGS, INC. Custodian 22,384 $443.87K 4.50% — 2026-06-30
10 Cetera Investment Advisers Custodian 15,558 $308.59K 3.13% — 2026-06-30
11 Atlantic Private Wealth, LLC 12,500 $247.93K 2.51% — 2026-06-30
12 HARBOUR INVESTMENTS, INC. 9,623 $190.87K 1.93% — 2026-06-30
13 Continuum Advisory, LLC 1,383 $27.43K 0.28% — 2026-06-30
14 Morgan Stanley Custodian 1,154 $22.89K 0.23% — 2026-06-30
15 AE Wealth Management LLC Custodian 250 $4.96K 0.05% — 2026-06-30
16 UBS Group AG Custodian 154 $3.06K 0.03% — 2026-06-30
17 IFP Advisors, Inc Custodian 20 $367 <0.01% — 2026-09-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Constituent Performance

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