Daily Report

ETF Insights - February 11, 2026

Today's analysis: 35 near entry, 2 near acceleration, 31 near cap. Total 68 signals.

Eric Cerrone

— 296 min read
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HARBORSIDE - Buffered ETF Insights - February 11, 2026
Harborside Capital
HARBORSIDE
CAPITAL

Buffered ETF Insights

Independent Analysis • Not Affiliated with Innovator ETFs or Goldman Sachs

February 11, 2026

Understanding Key Metrics

Cap Yield (Annualized)

The remaining upside potential converted to an annual percentage, for comparison to TBILLs.

Approaching Cap - Index Below

Limited upside potential remaining and as ETF gets closer to reset it will be very sensitive to downside moves.

Approaching Cap - Index Above

ETFs where the cap has been reached (≥90%) and the index is above the cap level, providing a downside cushion.

Probability

The statistical likelihood the index will be above the ETF's cap at expiry. Calculated using Implied Volatility.

Priority Color Coding
Green Border Best entry opportunity
Yellow Border Monitor for entry
Red Border Future exit/roll alerts
274
ETFs ANALYZED
35
NEAR ENTRY
2
NEAR ACCELERATION
31
NEAR CAP

🎯 Near Starting Point - Prime Entry Opportunities

ETFs trading within optimal entry range centered around fee-adjusted starting levels

Qualification Criteria:
Annual Buffered ETFs:
  • Optimal: Fund Return between -1.29% and -0.29%
    (Centered around -0.79% fee breakeven point)
  • Good: Fund Return between -2.0% to -1.30% or -0.28% to +1.0%
    (Extended downside and upside ranges)
Quarterly Buffered ETFs:
  • Optimal: Fund Return between -0.45% and +0.05%
    (Centered around -0.20% quarterly fee breakeven point)
  • Good: Fund Return between -0.70% to -0.46% or +0.06% to +0.30%
    (Extended downside and upside ranges)
*Ranges centered around fee breakeven for optimal entry timing*
Days:
Remaining Cap:
DJAN   SPY   25% Buffer Annual 11.86% Cap 344 Days Until Reset
GJAN   SPY   15% Buffer Annual 11.99% Cap 344 Days Until Reset
XJAN   SPY   15% Buffer Annual 9.94% Cap 344 Days Until Reset
NFEB   QQQ   15% Buffer Annual 14.94% Cap 354 Days Until Reset
AIOO   SPY   100% Protection Annual Uncapped 48 Days Until Reset
FLJJ   SPY   5% Buffer Annual 4.82% Cap 139 Days Until Reset
SIXF   SPY   10% Buffer 6-Month 6.97% Cap 170 Days Until Reset
QSPT   QQQ   10% Buffer Annual 15.27% Cap 225 Days Until Reset
QCOC   QQQ   10% Buffer Annual 10.81% Cap 253 Days Until Reset
NVBU   SPY   15% Uncapped Buffer Uncapped 261 Days Until Reset
NNOV   QQQ   15% Buffer Annual 15.18% Cap 262 Days Until Reset
NDEC   QQQ   15% Buffer Annual 14.16% Cap 292 Days Until Reset
DECU   SPY   15% Uncapped Buffer Uncapped 292 Days Until Reset
DDEC   SPY   25% Buffer Annual 11.09% Cap 316 Days Until Reset
DECM   SPY   50% Buffer Annual 5.84% Cap 316 Days Until Reset
FDEC   SPY   10% Buffer Annual 14.05% Cap 316 Days Until Reset
GDEC   SPY   15% Buffer Annual 11.17% Cap 316 Days Until Reset
QDEC   QQQ   10% Buffer Annual 19.17% Cap 316 Days Until Reset
XDEC   SPY   15% Buffer Annual 9.12% Cap 316 Days Until Reset
NJAN   QQQ   15% Buffer Annual 13.70% Cap 323 Days Until Reset
PJAN   SPY   15% Buffer Annual 10.45% Cap 323 Days Until Reset
JANW   SPY   20% Buffer Annual 8.85% Cap 323 Days Until Reset
FJAN   SPY   10% Buffer Annual 15.17% Cap 344 Days Until Reset
JANM   SPY   50% Buffer Annual 6.45% Cap 344 Days Until Reset
QCJA   QQQ   10% Buffer Annual 12.67% Cap 344 Days Until Reset
FEBT   SPY   10% Buffer Annual 14.65% Cap 352 Days Until Reset
FEBW   SPY   20% Buffer Annual 9.82% Cap 352 Days Until Reset
FEBU   SPY   15% Uncapped Buffer Uncapped 352 Days Until Reset
BFEB   SPY   9% Buffer Annual 15.71% Cap 354 Days Until Reset
PFEB   SPY   15% Buffer Annual 11.54% Cap 354 Days Until Reset

🛡 100% Principal Protection

Principal-protected ETFs trading near their starting levels

Qualification Criteria:
100% Downside Protection ETFs (Annual/Bi-Annual):
  • Optimal: Fund Return -1% to +0.25%
  • Good: Fund Return between +0.26% and +0.5%
100% Downside Protection ETFs (6-Month):
  • Optimal: Fund Return -0.50% to +0.25%
  • Good: Fund Return between +0.26% and +0.50%
*Watch for negative fund return which allows for extra yield compensating for fund fee*
Days:
Remaining Cap:
ZFEB   SPY   100% Protection Annual 5.54% Cap 354 Days Until Reset

🔄 Dual Direction Entry - Profit From Either Direction

Dual-direction ETFs positioned for gains in rising OR falling markets

Qualification Criteria:
Annual Dual Directional Buffered ETFs:
  • Optimal: Fund Return between -1.29% and -0.29%
    (Centered around -0.79% fee breakeven point)
  • Good: Fund Return between -2.0% to -1.30% or -0.28% to +1.0%
    (Extended downside and upside ranges)
Quarterly Dual Directional Buffered ETFs:
  • Optimal: Fund Return between -0.45% and +0.05%
    (Centered around -0.20% quarterly fee breakeven point)
  • Good: Fund Return between -0.70% to -0.46% or +0.06% to +0.30%
    (Extended downside and upside ranges)
*Dual directional buffered ETFs profit from market moves in EITHER direction*
Days:
Remaining Cap:
DDFJ   SPY   Dual Direction Annual 7.25% Cap 323 Days Until Reset
DDFF   SPY   Dual Direction Annual 8.23% Cap 354 Days Until Reset
DDTF   SPY   Dual Direction Annual 12.12% Cap 354 Days Until Reset

🚀 Acceleration Zone - Enhanced Returns Available

ETFs with accelerated participation (2x or 3x) in positive index moves

Qualification Criteria:
Near Starting Point (Entry Signal):
• Fund Return between -1.5% and +0.5%
• Provides 2x or 3x acceleration on positive moves
Near Threshold (Monitor Signal):
• Index from (threshold - 1%) up to 85% of maximum cap
• Enhanced returns active - approaching cap trigger
Near Cap (Exit Signal):
• Index ≥ 85% of maximum cap
• Maximum cap likely to be achieved at reset
*Leveraged participation with no downside buffer protection*
1
NEAR START
2
NEAR THRESHOLD
4
NEAR CAP

NEAR STARTING POINT

ETFs close to starting level with accelerated upside potential

Days:
Remaining Cap:
QTJA   QQQ   3x Accelerated 18.46% Cap 323 Days Until Reset

NEAR THRESHOLD

ETFs within 1% of acceleration threshold - enhanced returns activating

Days:
Remaining Cap:
QTJL   QQQ   3x Accelerated 6.77% Cap 139 Days Until Reset
XTJL   SPY   2x Accelerated 4.43% Cap 139 Days Until Reset

NEAR MAXIMUM CAP

ETFs approaching maximum cap - consider profit-taking strategies

Days:
Remaining Cap:
QTAP   QQQ   3x Accelerated 0.71% Cap 48 Days Until Reset
XBAP   SPY   2x Accelerated 0.56% Cap 48 Days Until Reset
XTAP   SPY   2x Accelerated 0.67% Cap 48 Days Until Reset
XBJL   SPY   2x Accelerated 3.53% Cap 139 Days Until Reset

📈 Approaching Cap - Index Is Above Cap

ETF is Nearing the Max Return but Index exceeded Cap

*Maximum return achieved - consider exit timing and roll strategies*
Days:
Remaining Cap:
FEBM   SPY   50% Buffer Annual 0.41% Cap 15 Days Until Reset
XFEB   SPY   15% Buffer Annual 0.33% Cap 15 Days Until Reset
BMAR   SPY   9% Buffer Annual 0.94% Cap 17 Days Until Reset
IMAR   EFA   15% Buffer Annual 0.04% Cap 17 Days Until Reset
KMAR   IWM   15% Buffer Annual 0.43% Cap 17 Days Until Reset
NMAR   QQQ   15% Buffer Annual 0.53% Cap 17 Days Until Reset
PMAR   SPY   15% Buffer Annual 0.35% Cap 17 Days Until Reset
UMAR   SPY   30% Ultra Buffer 0.32% Cap 17 Days Until Reset
ZMAR   SPY   100% Protection Annual 0.17% Cap 17 Days Until Reset
MARM   SPY   50% Buffer Annual 0.55% Cap 43 Days Until Reset
TMAR   EEM   10% Buffer Annual 0.63% Cap 43 Days Until Reset
XMAR   SPY   15% Buffer Annual 0.82% Cap 43 Days Until Reset
YMAR   EFA   15% Buffer Annual 1.16% Cap 43 Days Until Reset
AAPR   SPY   100% Protection 2-Year 0.35% Cap 48 Days Until Reset
BAPR   SPY   9% Buffer Annual 0.98% Cap 48 Days Until Reset
EAPR   EEM   15% Buffer Annual 0.30% Cap 48 Days Until Reset
IAPR   EFA   15% Buffer Annual 0.60% Cap 48 Days Until Reset
KAPR   IWM   15% Buffer Annual 0.80% Cap 48 Days Until Reset
NAPR   QQQ   15% Buffer Annual 0.79% Cap 48 Days Until Reset
PAPR   SPY   15% Buffer Annual 0.72% Cap 48 Days Until Reset
UAPR   SPY   30% Ultra Buffer 0.70% Cap 48 Days Until Reset
ZAPR   SPY   100% Protection Annual 0.49% Cap 48 Days Until Reset
FAPR   SPY   10% Buffer Annual 1.69% Cap 71 Days Until Reset
GAPR   SPY   15% Buffer Annual 1.36% Cap 71 Days Until Reset
XAPR   SPY   15% Buffer Annual 1.00% Cap 71 Days Until Reset
IMAY   EFA   15% Buffer Annual 1.34% Cap 78 Days Until Reset
KMAY   IWM   15% Buffer Annual 1.06% Cap 78 Days Until Reset

Important Disclosures

This material is for informational purposes only and does not constitute investment advice. Buffered ETFs involve significant risks including the potential loss of principal. Past performance does not guarantee future results.

† Data Source & Independence Notice: Data derived from publicly available ETF information and exchange prices. All calculations, analysis, and commentary are independently produced by Harborside Capital. This report is not affiliated with, endorsed by, or sponsored by Innovator ETFs, Innovator Capital Management, Goldman Sachs, or any ETF issuer. For official fund data, visit innovatoretfs.com.

For complete terms and conditions, visit: harborside.capital/disclaimer

Options Risk Disclosure: Options involve risk and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of "Characteristics and Risks of Standardized Options" available at theocc.com.

Please read the full disclaimer and risk disclosure document before making any investment decisions. Consult with a qualified financial advisor regarding your specific investment objectives and risk tolerance.

® Trademark Notice: The following are trademarks of Innovator Capital Management, LLC, its affiliates or licensors: Accelerated ETFs®, Accelerated Plus ETF®, Accelerated Return ETFs®, Barrier ETF®, Buffer ETF™, Defined Income ETF™, Defined Outcome Bond ETF®, Defined Outcome ETFs®, Defined Protection ETF®, Define Your Future®, Enhanced ETF™, Floor ETF®, Innovator ETFs®, Leading the Defined Outcome ETF Revolution™, Managed Buffer ETFs®, Managed Outcome ETFs®, Step-Up™, Step-Up ETFs®, 100% Buffer ETFs®, and Dual Directional Buffer ETFs®. All related names, logos, product and service names, designs, and slogans are the property of their respective owners.

© 2026 Harborside Capital. This report and its analysis are the independent work product of Harborside Capital. Use of trademarked terms is for identification purposes only and does not imply any affiliation with or endorsement by trademark owners.

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