ZDEK Innovator Equity Defined Protection ETF - 1 Yr December
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Innovator Equity Defined Protection ETF - 1 Yr December (ZDEK) ETF
No description available.
- Exchange
- BATS
- Inception
- 2024-11-29
- Has Options
- No
- Expense ratio
- 0.79% issuer, Oct 22, 2026
- Assets
- $108M issuer-reported, Oct 21, 2026
- Trailing yield
- —
- Average daily volume
- $232K 30 sessions
- Holdings
- 5 top 10 are 106.7%
- Listed
- Nov 29, 2024 Cboe BZX
- Net asset value
- $26.98 issuer, Oct 21, 2026
- Reference asset
- SPY period ends Nov 30, 2026 (39 days)
- Cap, full period
- 6.8% before fees
- Protection, full period
- 100.0% losses below the start level
- Reference since start
- +13.1% $773.09 on Oct 21, 2026
- Upside left to the cap
- 0.0% for a buyer today
- Drop before the buffer starts
- 11.6% unprotected from here
Moves with. US large-cap stocks (84% of its variance, beta 0.17). These factors explain 84% of its daily moves over the last year.
Stated objective. The Fund seeks to provide investors with returns that match the return of the Underlying ETF, up to the upside cap of 6.85% (prior to taking into account management fees and other fees) while providing a buffer against 100% of Underlying ETF losses (prior to taking into account management fees and other fees), over the period from December 1, 2025 to November 30, 2026. (from the fund's prospectus)
All 5 holdingsFlow historyOverlap toolAll Floor & Protection ETFs
- Jul 2026
- −$2.6M latest reported month
- Latest 3 months
- −$4.0M −3.5% of assets
- Latest 12 months
- −$40M −35.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$2.6M |
| Jun 2026 | $0 |
| May 2026 | −$1.3M |
| Apr 2026 | −$5.2M |
| Mar 2026 | −$3.9M |
| Feb 2026 | +$643K |
| Jan 2026 | −$7.7M |
| Dec 2025 | +$38M |
| Nov 2025 | −$10M |
| Oct 2025 | −$5.7M |
| Sep 2025 | −$25M |
| Aug 2025 | −$16M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 21 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| JAJLInnovator Equity Defined Protection ETF - 6mo Jan/Jul | — | 0.79% | $304M | +5.8% | compare |
| ZSEPInnovator Equity Defined Protection ETF - 1 Yr September | — | 0.79% | $243M | +5.5% | compare |
| ZOCTInnovator Equity Defined Protection ETF - 1 Yr October | — | 0.79% | $215M | +6.0% | compare |
| ZJULInnovtor Equity Defined Protection ETF - 1 Yr July | — | 0.79% | $195M | +5.5% | compare |
| ZAUGInnovator Equity Defined Protection ETF - 1 Yr August | — | 0.79% | $163M | +5.7% | compare |
The largest other funds in the Floor & Protection category.
- Authorized participants
- 6 active of 6 with agreements; top 3 did 88%
- Created · redeemed
- $202M · $111M over the fiscal year
- Redemptions in kind
- 56% creations 16% in kind
- Creation unit
- 25,000 shares
- Securities lending
- not authorized
- 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 |
|---|---|---|---|---|
| — | SPY 11/30/2026 6.86 C | 106.54% | Derivative | — |
| — | US BANK MMDA - USBGFS 9 09/01/2037 | 0.22% | Cash/Money Market | — |
| — | SPY 11/30/2026 683.42 P | 0.20% | Derivative | — |
| — | Cash & Other | -0.05% | Cash/Money Market | — |
| — | SPY 11/30/2026 730.26 C | -6.91% | Derivative | — |
| Category | Weight | Value | Positions |
|---|---|---|---|
| Derivative (equity) | 99.81% | $112.0M | 3 |
| Short-term investment | 0.26% | $289692 | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 0.92% | 0.41% | 0.67% |
| Feb | -- | 0.17% | 0.00% | 0.09% |
| Mar | -- | -1.16% | -0.83% | -0.99% |
| Apr | -- | 0.17% | 1.95% | 1.06% |
| May | -- | 1.26% | 0.86% | 1.06% |
| Jun | -- | 1.57% | 0.08% | 0.83% |
| Jul | -- | 0.90% | 0.51% | 0.71% |
| Aug | -- | 1.36% | 0.58% | 0.97% |
| Sep | -- | 1.30% | 0.47% | 0.89% |
| Oct | -- | 0.66% | 0.32%* | 0.49% |
| Nov | -- | 0.73% | -- | 0.73% |
| Dec | -0.38% | 0.38% | -- | 0.00% |
| Total | -0.38% | 8.55% | 4.41% | 4.19% |
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
Executive Summary
Overall assessment: NEUTRAL (confidence level 6/10)
Key drivers:
- Bullish momentum signals from MACD and EMA crossovers
- Neutral RSI reading, indicating no strong buying or selling pressure
- Low volatility, with stock moves less than market
Primary risks:
- Lack of recent news headlines to drive price action
- Limited institutional interest, as shown by low volume and OBV levels
Investment thesis: ZDEK is a low-volatility stock with bullish momentum signals, but lacks significant catalysts to drive further price appreciation.
Recent news sentiment impact: No recent news headlines available, which may be contributing to the neutral sentiment.
Technical Analysis
Trend Direction: Short-term: Neutral (EMA and SMA crossovers indicate no clear trend), Medium-term: Bullish (SMA 50 and SMA 200 trending higher), Long-term: Bullish (long-term SMAs trending upward)
Support/Resistance Levels: Key levels include:
- Lower Bollinger Band: $26.66
- Middle Bollinger Band: $26.73
- Upper Bollinger Band: $26.79
Momentum Signals:
- RSI interpretation: Neutral (62.53), indicating no strong buying or selling pressure.
- MACD signal: Bullish (0.05 / -0.00 / 0.05).
- Bollinger Bands position: Neutral (price within the bands).
Volume Analysis: Volume trends and institutional interest signals:
- Low volume levels, with a Volume SMA 20 of $4105.30.
- OBV reading indicates low institutional interest.
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines available.
Sentiment Assessment: Neutral (no recent news to drive sentiment).
Catalyst Identification: None identified due to lack of recent news.
Market Narrative: The neutral market narrative is driven by the absence of significant news headlines and low volatility.
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to market (beta: 0.18).
Volatility Regime: Current vs historical volatility levels:
- Stock volatility: 0.02
- Historical volatilities (HV20, HV30, HV60): moderate to high.
Options Market Signals: No options data available for analysis.
Downside Protection: Support levels include the lower Bollinger Band ($26.66) and the SMA 200 ($26.09).
Market Context & Positioning
Sector Performance: Not applicable (no sector performance metrics provided).
Institutional Activity: Low institutional interest signals from volume and OBV levels.
Correlation Analysis: How stock moves relative to market (R-squared interpretation):
- Correlation: 0.92
- R-squared value indicates a strong positive correlation between ZDEK and the market.
Relative Valuation: Position within trading range:
- Trading range: $26.09 (SMA 200) to $26.79 (upper Bollinger Band)
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $26.66
- Middle Bollinger Band: $26.73
- Upper Bollinger Band: $26.79
Breakout/Breakdown Levels: None identified.
Time-Sensitive Catalysts: Earnings dates and product launches not available for analysis.
Risk Management: Stop-loss levels and position sizing considerations:
- Use the lower Bollinger Band ($26.66) as a stop-loss level.
- Consider reducing position size due to low institutional interest and lack of significant catalysts.
Please note that this is just an example report, and actual data may vary. The analysis provided is based on the given stock data and should not be considered investment advice.
ZDEK 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
ZDEK 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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