ETF Insights - October 16, 2025

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BALT Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.05%

FUND RETURN

-0.89%

INDEX RETURN

-0.14%*

DOWNSIDE
BEFORE BUFFER

2.23%*

REMAINING
CAP

20%

Buffer Level

10.7%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, BALT is at -0.1% with 76 days remaining. Having returned to near its starting level with 2.5 months remaining, BALT at -0.1% represents a tactical re-entry opportunity. The full 20% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 2.23% remaining upside potential to cap (after fees), but the current -0.1% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 2.28%, while only 0.1% of the 20% buffer has been consumed. This creates an asymmetric 45.5:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 10.69% cap yield, representing 2.8x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

BALT has consumed 0.05% of its 20% buffer (fund at -0.05%). The downside before buffer is now -0.14%, meaning the buffer has been reached. You have 19.95% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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QBUF Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.15%

FUND RETURN

-0.14%

INDEX RETURN

-0.16%*

DOWNSIDE
BEFORE BUFFER

4.16%*

REMAINING
CAP

10%

Buffer Level

20.0%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, QBUF is at -0.1% with 76 days remaining. Having returned to near its starting level with 2.5 months remaining, QBUF at -0.1% represents a tactical re-entry opportunity. The full 10% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 4.16% remaining upside potential to cap (after fees), but the current -0.1% drawdown creates an enhanced opportunity. With the index at -0.1%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 4.31%, while only 0.1% of the 10% buffer has been consumed. This creates an asymmetric 28.7:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 19.96% cap yield, representing 5.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

QBUF has consumed 0.15% of its 10% buffer (fund at -0.15%). The downside before buffer is now -0.16%, meaning the buffer has been reached. You have 9.85% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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ZALT Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.39%

FUND RETURN

-0.88%

INDEX RETURN

-0.14%*

DOWNSIDE
BEFORE BUFFER

3.70%*

REMAINING
CAP

10%

Buffer Level

17.8%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, ZALT is at -0.4% with 76 days remaining. Having returned to near its starting level with 2.5 months remaining, ZALT at -0.4% represents a tactical re-entry opportunity. The full 10% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 3.70% remaining upside potential to cap (after fees), but the current -0.4% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 4.09%, while only 0.4% of the 10% buffer has been consumed. This creates an asymmetric 10.5:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 17.75% cap yield, representing 4.6x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

ZALT has consumed 0.39% of its 10% buffer (fund at -0.39%). The downside before buffer is now -0.14%, meaning the buffer has been reached. You have 9.61% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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BOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.77%

FUND RETURN

-0.89%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

15.47%*

REMAINING
CAP

9%

Buffer Level

16.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, BOCT is at -0.8% with 349 days remaining. Trading at -0.8%, BOCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 9% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 15.47% remaining upside potential to cap (after fees), but the current -0.8% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 16.24%, while only 0.8% of the 9% buffer has been consumed. This creates an asymmetric 21.1:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 16.18% cap yield, representing 4.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

BOCT has consumed 0.77% of its 9% buffer (fund at -0.77%). The downside before buffer is now -0.76%, meaning the buffer has been reached. You have 8.23% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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POCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.55%

FUND RETURN

-0.89%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

11.63%*

REMAINING
CAP

15%

Buffer Level

12.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, POCT is at -0.6% with 349 days remaining. Trading at -0.6%, POCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 15% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 11.63% remaining upside potential to cap (after fees), but the current -0.6% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 12.18%, while only 0.6% of the 15% buffer has been consumed. This creates an asymmetric 22.2:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 12.17% cap yield, representing 3.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

POCT has consumed 0.55% of its 15% buffer (fund at -0.55%). The downside before buffer is now -0.76%, meaning the buffer has been reached. You have 14.45% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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EALT Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.55%

FUND RETURN

-0.89%

INDEX RETURN

-0.69%*

DOWNSIDE
BEFORE BUFFER

6.49%*

REMAINING
CAP

0%

Buffer Level

31.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, EALT is at -0.6% with 76 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 6.49% remaining upside potential to cap (after fees), but the current -0.6% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 7.04%, while only 0.6% of the 0% buffer has been consumed. This creates an asymmetric 12.8:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 31.15% cap yield, representing 8.1x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

EALT offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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EBUF Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

+0.19%

FUND RETURN

+1.48%

INDEX RETURN

-0.42%*

DOWNSIDE
BEFORE BUFFER

3.57%*

REMAINING
CAP

10%

Buffer Level

17.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, EBUF is at +0.2% with 76 days remaining. Having returned to near its starting level with 2.5 months remaining, EBUF at +0.2% represents a tactical re-entry opportunity. The full 10% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 3.57% remaining upside potential (after fees), having already captured 0.19% of the approximately 3.8% total cap. From this profitable position, the 8.6:1 reward-to-risk ratio is particularly attractive, as you're effectively playing with house money while maintaining full buffer protection below.The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 17.17% cap yield, representing 4.5x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

EBUF currently shows a downside before buffer of -0.42% (after fees). With the fund at +0.19% and the full 10% buffer intact, you have 10.00% of protection remaining. The index would need to decline approximately 10.42% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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EOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

+0.63%

FUND RETURN

+1.48%

INDEX RETURN

-1.52%*

DOWNSIDE
BEFORE BUFFER

13.58%*

REMAINING
CAP

15%

Buffer Level

14.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, EOCT is at +0.6% with 349 days remaining. Trading at +0.6%, EOCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 15% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 13.58% remaining upside potential (after fees), having already captured 0.63% of the approximately 14.2% total cap. From this profitable position, the 8.9:1 reward-to-risk ratio is particularly attractive, as you're effectively playing with house money while maintaining full buffer protection below.With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 14.20% cap yield, representing 3.7x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

EOCT currently shows a downside before buffer of -1.52% (after fees). With the fund at +0.63% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 16.52% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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IOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

+0.42%

FUND RETURN

+1.02%

INDEX RETURN

-1.26%*

DOWNSIDE
BEFORE BUFFER

12.57%*

REMAINING
CAP

15%

Buffer Level

13.1%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, IOCT is at +0.4% with 349 days remaining. Trading at +0.4%, IOCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 15% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 12.57% remaining upside potential (after fees), having already captured 0.42% of the approximately 13.0% total cap. From this profitable position, the 10.0:1 reward-to-risk ratio is particularly attractive, as you're effectively playing with house money while maintaining full buffer protection below.With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 13.14% cap yield, representing 3.4x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

IOCT currently shows a downside before buffer of -1.26% (after fees). With the fund at +0.42% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 16.26% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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KOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

+0.53%

FUND RETURN

+1.20%

INDEX RETURN

-1.32%*

DOWNSIDE
BEFORE BUFFER

15.77%*

REMAINING
CAP

15%

Buffer Level

16.5%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, KOCT is at +0.5% with 349 days remaining. Trading at +0.5%, KOCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 15% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 15.77% remaining upside potential (after fees), having already captured 0.53% of the approximately 16.3% total cap. From this profitable position, the 12.0:1 reward-to-risk ratio is particularly attractive, as you're effectively playing with house money while maintaining full buffer protection below.With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 16.50% cap yield, representing 4.3x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

KOCT currently shows a downside before buffer of -1.32% (after fees). With the fund at +0.53% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 16.32% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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NOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.21%

FUND RETURN

-0.14%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

13.70%*

REMAINING
CAP

15%

Buffer Level

14.3%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, NOCT is at -0.2% with 349 days remaining. Trading at -0.2%, NOCT remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 15% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 13.70% remaining upside potential to cap (after fees), but the current -0.2% drawdown creates an enhanced opportunity. With the index at -0.1%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 13.91%, while only 0.2% of the 15% buffer has been consumed. This creates an asymmetric 66.3:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 14.33% cap yield, representing 3.7x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

NOCT has consumed 0.21% of its 15% buffer (fund at -0.21%). The downside before buffer is now -0.76%, meaning the buffer has been reached. You have 14.79% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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APOC Detailed Analysis

166 Days Remaining

Until Outcome Period Reset

+0.14%

FUND RETURN

-0.89%

INDEX RETURN

-0.53%*

DOWNSIDE
BEFORE BUFFER

2.81%*

REMAINING
CAP

100%

Buffer Level

6.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, APOC is at +0.1% with 166 days remaining. Having returned to near its starting level with 5.5 months until reset, this represents a tactical re-entry opportunity with the full 100% buffer protection restored. The shorter time horizon creates a higher probability setup, as the defined outcome parameters become increasingly predictable approaching reset, while maintaining substantial upside to cap.

✅ UPSIDE SCENARIO

The ETF has 2.81% remaining upside potential (after fees), having already captured 0.14% of the approximately 3.0% total cap. This creates a strong 5.3:1 reward-to-risk ratio, enhanced by the fact that the position is already profitable with protection intact.With 5.5 months until reset, timing becomes increasingly important. Annualized, this translates to 6.18% cap yield, significantly exceeding the 3.85% T-Bill rate by 2.3 percentage points.

🛡️ DOWNSIDE PROTECTION

APOC provides complete principal protection for six months. Regardless of market decline, the initial investment is fully protected at reset. This asymmetric structure allows for upside participation with no downside risk to principal, making position sizing considerations focus solely on opportunity cost rather than risk of loss.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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ZOCT Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

+0.23%

FUND RETURN

-0.89%

INDEX RETURN

-1.02%*

DOWNSIDE
BEFORE BUFFER

5.48%*

REMAINING
CAP

100%

Buffer Level

5.7%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, ZOCT is at +0.2% with 349 days remaining. Having returned to near its starting level with 11.5 months until reset, this represents a tactical re-entry opportunity with the full 100% buffer protection restored. The shorter time horizon creates a higher probability setup, as the defined outcome parameters become increasingly predictable approaching reset, while maintaining substantial upside to cap.

✅ UPSIDE SCENARIO

The ETF has 5.48% remaining upside potential (after fees), having already captured 0.23% of the approximately 5.7% total cap. This creates a strong 5.4:1 reward-to-risk ratio, enhanced by the fact that the position is already profitable with protection intact.With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 5.74% cap yield, modestly outpacing the 3.85% T-Bill rate by 1.9 percentage points.

🛡️ DOWNSIDE PROTECTION

ZOCT provides complete principal protection for one year. Regardless of market decline, the initial investment is fully protected at reset. This asymmetric structure allows for upside participation with no downside risk to principal, making position sizing considerations focus solely on opportunity cost rather than risk of loss.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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DDTO Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.47%

FUND RETURN

-0.89%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

12.27%*

REMAINING
CAP

10%

Buffer Level

12.8%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, DDTO is at -0.5% with 11.5 months remaining. Dual Directional Buffer ETFs™ offer the potential for positive returns in both up and down markets, and a built-in buffer against losses in severely down markets. With the outcome period recently reset, this represents an optimal entry point with maximum flexibility to profit from market moves to an upside cap or a downside buffer.

✅ UPSIDE SCENARIO

The ETF currently has 12.27% remaining upside to cap (after fees). From the current -0.5% position, if the market rises, the total potential gain to cap is 12.74%, providing a 12.84% annualized yield opportunity. This 3.3x the 3.85% T-Bill rate, compensating for the directional market risk while maintaining the unique downside profit potential.the dual-direction structure provides flexibility that traditional capped ETFs lack—if the market doesn't rise, the ETF can still generate positive returns from market declines.

🛡️ DOWNSIDE PROTECTION

DDTO offers a unique structure where profits can be achieved if the market declines. The ETF generates POSITIVE returns when the index drops, up to a remaining inverse cap of ~8.8% (after fees). With the fund currently at -0.5%, approximately 0.5% of inverse gains have been captured. The remaining ~8.8% inverse cap will become the buffer amount after the profitable decline zone is exhausted.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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DDFO Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.12%

FUND RETURN

-0.89%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

8.35%*

REMAINING
CAP

15%

Buffer Level

8.7%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, DDFO is at -0.1% with 11.5 months remaining. Dual Directional Buffer ETFs™ offer the potential for positive returns in both up and down markets, and a built-in buffer against losses in severely down markets. With the outcome period recently reset, this represents an optimal entry point with maximum flexibility to profit from market moves to an upside cap or a downside buffer.

✅ UPSIDE SCENARIO

The ETF currently has 8.35% remaining upside to cap (after fees). From the current -0.1% position, if the market rises, the total potential gain to cap is 8.47%, providing a 8.74% annualized yield opportunity. This 2.3x the 3.85% T-Bill rate, compensating for the directional market risk while maintaining the unique downside profit potential.the dual-direction structure provides flexibility that traditional capped ETFs lack—if the market doesn't rise, the ETF can still generate positive returns from market declines.

🛡️ DOWNSIDE PROTECTION

DDFO offers a unique structure where profits can be achieved if the market declines. The ETF generates POSITIVE returns when the index drops, up to a remaining inverse cap of ~14.1% (after fees). With the fund currently at -0.1%, approximately 0.1% of inverse gains have been captured. The remaining ~14.1% inverse cap will become the buffer amount after the profitable decline zone is exhausted.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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INOV Detailed Analysis

15 Days Remaining

Until Outcome Period Reset

+14.03%

FUND RETURN

+19.06%

INDEX RETURN

-13.16%*

DOWNSIDE
BEFORE BUFFER

0.49%*

REMAINING
CAP

15%

Buffer Level

11.8%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, INOV is at +14.0% with 15 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.49% remaining upside potential (after fees), having already captured 14.03% of the approximately 14.5% total cap. This creates a 0.0:1 reward-to-risk ratio for the remaining period.The compressed 0.5 month timeframe requires near-term market cooperation. Annualized, this translates to 11.80% cap yield, representing 3.1x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

INOV currently shows a downside before buffer of -13.16% (after fees). With the fund at +14.03% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 28.16% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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NNOV Detailed Analysis

15 Days Remaining

Until Outcome Period Reset

+14.28%

FUND RETURN

+23.90%

INDEX RETURN

-13.28%*

DOWNSIDE
BEFORE BUFFER

0.57%*

REMAINING
CAP

15%

Buffer Level

13.8%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, NNOV is at +14.3% with 15 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.57% remaining upside potential (after fees), having already captured 14.28% of the approximately 14.8% total cap. This creates a 0.0:1 reward-to-risk ratio for the remaining period.The compressed 0.5 month timeframe requires near-term market cooperation. Annualized, this translates to 13.81% cap yield, representing 3.6x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

NNOV currently shows a downside before buffer of -13.28% (after fees). With the fund at +14.28% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 28.28% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

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PNOV Detailed Analysis

15 Days Remaining

Until Outcome Period Reset

+10.63%

FUND RETURN

+16.12%

INDEX RETURN

-10.40%*

DOWNSIDE
BEFORE BUFFER

0.85%*

REMAINING
CAP

15%

Buffer Level

20.6%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, PNOV is at +10.6% with 15 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.85% remaining upside potential (after fees), having already captured 10.63% of the approximately 11.5% total cap. This creates a 0.1:1 reward-to-risk ratio for the remaining period.The compressed 0.5 month timeframe requires near-term market cooperation. Annualized, this translates to 20.62% cap yield, representing 5.4x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

PNOV currently shows a downside before buffer of -10.40% (after fees). With the fund at +10.63% and the full 15% buffer intact, you have 15.00% of protection remaining. The index would need to decline approximately 25.40% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

UNOV Detailed Analysis

15 Days Remaining

Until Outcome Period Reset

+10.12%

FUND RETURN

+16.12%

INDEX RETURN

-14.52%*

DOWNSIDE
BEFORE BUFFER

0.70%*

REMAINING
CAP

30%

Buffer Level

17.0%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, UNOV is at +10.1% with 15 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.70% remaining upside potential (after fees), having already captured 10.12% of the approximately 10.8% total cap. This creates a 0.0:1 reward-to-risk ratio for the remaining period.The compressed 0.5 month timeframe requires near-term market cooperation. Annualized, this translates to 16.97% cap yield, representing 4.4x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

UNOV currently shows a downside before buffer of -14.52% (after fees). With the fund at +10.12% and the full 30% buffer intact, you have 30.00% of protection remaining. The index would need to decline approximately 44.52% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

ZNOV Detailed Analysis

15 Days Remaining

Until Outcome Period Reset

+6.38%

FUND RETURN

+16.11%

INDEX RETURN

-6.79%*

DOWNSIDE
BEFORE BUFFER

0.25%*

REMAINING
CAP

100%

Buffer Level

6.0%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, ZNOV is at +6.4% with 15 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.25% remaining upside potential (after fees), having already captured 6.38% of the approximately 6.6% total cap. This creates a 0.0:1 reward-to-risk ratio for the remaining period.The compressed 0.5 month timeframe requires near-term market cooperation. Annualized, this translates to 6.02% cap yield, significantly exceeding the 3.85% T-Bill rate by 2.2 percentage points.

🛡️ DOWNSIDE PROTECTION

ZNOV provides complete principal protection for one year. Regardless of market decline, the initial investment is fully protected at reset. This asymmetric structure allows for upside participation with no downside risk to principal, making position sizing considerations focus solely on opportunity cost rather than risk of loss.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

AJAN Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

+13.09%

FUND RETURN

+38.92%

INDEX RETURN

-13.16%*

DOWNSIDE
BEFORE BUFFER

0.82%*

REMAINING
CAP

100%

Buffer Level

3.9%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, AJAN is at +13.1% with 76 days remaining. Having broken above the cap level, this ETF has entered a critical exit zone where additional gains are capped while downside risk remains. This signal indicates strong consideration for rolling to a fresh outcome period or taking profits, as the asymmetric risk profile no longer favors holding the position.

✅ UPSIDE SCENARIO

The ETF has 0.82% remaining upside potential (after fees), having already captured 13.09% of the approximately 13.9% total cap. This creates a 0.1:1 reward-to-risk ratio for the remaining period.The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 3.92% cap yield, modestly outpacing the 3.85% T-Bill rate by 0.1 percentage points.

🛡️ DOWNSIDE PROTECTION

AJAN provides complete principal protection for two years. Regardless of market decline, the initial investment is fully protected at reset. This asymmetric structure allows for upside participation with no downside risk to principal, making position sizing considerations focus solely on opportunity cost rather than risk of loss.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XDQQ Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.38%

FUND RETURN

-0.14%

INDEX RETURN

-0.54%*

DOWNSIDE
BEFORE BUFFER

8.62%*

REMAINING
CAP

0%

Buffer Level

41.4%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XDQQ is at -0.4% with 76 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 8.62% remaining upside potential to cap (after fees), but the current -0.4% drawdown creates an enhanced opportunity. With the index at -0.1%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 9.00%, while only 0.4% of the 0% buffer has been consumed. This creates an asymmetric 23.7:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 41.38% cap yield, representing 10.7x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XDQQ offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XDSQ Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

-0.93%

FUND RETURN

-0.89%

INDEX RETURN

-1.09%*

DOWNSIDE
BEFORE BUFFER

7.33%*

REMAINING
CAP

0%

Buffer Level

35.2%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XDSQ is at -0.9% with 76 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 7.33% remaining upside potential to cap (after fees), but the current -0.9% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 8.26%, while only 0.9% of the 0% buffer has been consumed. This creates an asymmetric 8.9:1 reward-to-consumed-buffer ratio. The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 35.18% cap yield, representing 9.1x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XDSQ offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

QTOC Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.61%

FUND RETURN

-0.14%

INDEX RETURN

-1.37%*

DOWNSIDE
BEFORE BUFFER

18.78%*

REMAINING
CAP

0%

Buffer Level

19.6%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, QTOC is at -0.6% with 349 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 18.78% remaining upside potential to cap (after fees), but the current -0.6% drawdown creates an enhanced opportunity. With the index at -0.1%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 19.39%, while only 0.6% of the 0% buffer has been consumed. This creates an asymmetric 31.8:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 19.65% cap yield, representing 5.1x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

QTOC offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XBOC Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-0.73%

FUND RETURN

-0.88%

INDEX RETURN

-0.76%*

DOWNSIDE
BEFORE BUFFER

11.73%*

REMAINING
CAP

9%

Buffer Level

12.3%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XBOC is at -0.7% with 349 days remaining. Trading at -0.7%, XBOC remains near its starting level with 11.5 months until reset. This early entry point still leaves most of the potential return available, while the full 9% buffer protection remains intact.

✅ UPSIDE SCENARIO

The ETF has 11.73% remaining upside potential to cap (after fees), but the current -0.7% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 12.46%, while only 0.7% of the 9% buffer has been consumed. This creates an asymmetric 17.1:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 12.27% cap yield, representing 3.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XBOC has consumed 0.73% of its 9% buffer (fund at -0.73%). The downside before buffer is now -0.76%, meaning the buffer has been reached. You have 8.27% of buffer protection remaining before experiencing actual losses.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XTOC Detailed Analysis

349 Days Remaining

Until Outcome Period Reset

-1.08%

FUND RETURN

-0.88%

INDEX RETURN

-1.84%*

DOWNSIDE
BEFORE BUFFER

15.37%*

REMAINING
CAP

0%

Buffer Level

16.1%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XTOC is at -1.1% with 349 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 15.37% remaining upside potential to cap (after fees), but the current -1.1% drawdown creates an enhanced opportunity. With the index at -0.9%, the fund is tracking normally after fees. From the current position, the total potential gain to cap is 16.45%, while only 1.1% of the 0% buffer has been consumed. This creates an asymmetric 15.2:1 reward-to-consumed-buffer ratio. With 11.5 months remaining, there is ample time for this upside scenario to develop. Annualized, this translates to 16.08% cap yield, representing 4.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XTOC offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

QTJL Detailed Analysis

257 Days Remaining

Until Outcome Period Reset

+5.88%

FUND RETURN

+8.68%

INDEX RETURN

5.32%*

DOWNSIDE
BEFORE BUFFER

11.59%*

REMAINING
CAP

0%

Buffer Level

16.5%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, QTJL is at +5.9% with 257 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 11.59% remaining upside potential (after fees), having already captured 5.88% of the approximately 17.5% total cap. This creates a 2.2:1 reward-to-risk ratio for the remaining period.The 8.4 month time horizon provides a reasonable period for upside capture. Annualized, this translates to 16.47% cap yield, representing 4.3x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

QTJL offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XBJL Detailed Analysis

257 Days Remaining

Until Outcome Period Reset

+3.44%

FUND RETURN

+6.87%

INDEX RETURN

-4.12%*

DOWNSIDE
BEFORE BUFFER

7.37%*

REMAINING
CAP

9%

Buffer Level

10.5%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XBJL is at +3.4% with 257 days remaining. With XBJL at +3.4% and 8.4 months until reset, this ETF is positioned near its starting level. The full 9% buffer protection remains intact, while the shorter time horizon provides enhanced probability characteristics.

✅ UPSIDE SCENARIO

The ETF has 7.37% remaining upside potential (after fees), having already captured 3.44% of the approximately 10.8% total cap. This creates a 1.8:1 reward-to-risk ratio for the remaining period.The 8.4 month time horizon provides a reasonable period for upside capture. Annualized, this translates to 10.47% cap yield, representing 2.7x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XBJL currently shows a downside before buffer of -4.12% (after fees). With the fund at +3.44% and the full 9% buffer intact, you have 9.00% of protection remaining. The index would need to decline approximately 13.12% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XTJL Detailed Analysis

257 Days Remaining

Until Outcome Period Reset

+4.44%

FUND RETURN

+6.87%

INDEX RETURN

3.88%*

DOWNSIDE
BEFORE BUFFER

9.46%*

REMAINING
CAP

0%

Buffer Level

13.4%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XTJL is at +4.4% with 257 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 9.46% remaining upside potential (after fees), having already captured 4.44% of the approximately 13.9% total cap. This creates a 2.4:1 reward-to-risk ratio for the remaining period.The 8.4 month time horizon provides a reasonable period for upside capture. Annualized, this translates to 13.44% cap yield, representing 3.5x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XTJL offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

QTJA Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

+14.51%

FUND RETURN

+17.27%

INDEX RETURN

14.35%*

DOWNSIDE
BEFORE BUFFER

3.52%*

REMAINING
CAP

0%

Buffer Level

16.9%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, QTJA is at +14.5% with 76 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 3.52% remaining upside potential (after fees), having already captured 14.51% of the approximately 18.0% total cap. This creates a 0.2:1 reward-to-risk ratio for the remaining period.The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 16.88% cap yield, representing 4.4x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

QTJA offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XBJA Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

+8.21%

FUND RETURN

+12.66%

INDEX RETURN

-8.38%*

DOWNSIDE
BEFORE BUFFER

2.44%*

REMAINING
CAP

9%

Buffer Level

11.7%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XBJA is at +8.2% with 76 days remaining. Having pulled back to near its starting level with 2.5 months remaining, XBJA at +8.2% represents a tactical re-entry opportunity. The full 9% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 2.44% remaining upside potential (after fees), having already captured 8.21% of the approximately 10.6% total cap. This creates a 0.3:1 reward-to-risk ratio for the remaining period.The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 11.70% cap yield, representing 3.0x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XBJA currently shows a downside before buffer of -8.38% (after fees). With the fund at +8.21% and the full 9% buffer intact, you have 9.00% of protection remaining. The index would need to decline approximately 17.38% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XTJA Detailed Analysis

76 Days Remaining

Until Outcome Period Reset

+10.25%

FUND RETURN

+12.67%

INDEX RETURN

10.09%*

DOWNSIDE
BEFORE BUFFER

3.20%*

REMAINING
CAP

0%

Buffer Level

15.3%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XTJA is at +10.2% with 76 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 3.20% remaining upside potential (after fees), having already captured 10.25% of the approximately 13.4% total cap. This creates a 0.3:1 reward-to-risk ratio for the remaining period.The compressed 2.5 month timeframe requires near-term market cooperation. Annualized, this translates to 15.35% cap yield, representing 4.0x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XTJA offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

QTAP Detailed Analysis

166 Days Remaining

Until Outcome Period Reset

+14.94%

FUND RETURN

+27.85%

INDEX RETURN

14.58%*

DOWNSIDE
BEFORE BUFFER

4.61%*

REMAINING
CAP

0%

Buffer Level

10.1%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, QTAP is at +14.9% with 166 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 4.61% remaining upside potential (after fees), having already captured 14.94% of the approximately 19.6% total cap. This creates a 0.3:1 reward-to-risk ratio for the remaining period.With 5.5 months until reset, timing becomes increasingly important. Annualized, this translates to 10.14% cap yield, representing 2.6x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

QTAP offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XBAP Detailed Analysis

166 Days Remaining

Until Outcome Period Reset

+7.81%

FUND RETURN

+18.04%

INDEX RETURN

-8.04%*

DOWNSIDE
BEFORE BUFFER

3.82%*

REMAINING
CAP

9%

Buffer Level

8.4%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XBAP is at +7.8% with 166 days remaining. Having pulled back to near its starting level with 5.5 months remaining, XBAP at +7.8% represents a tactical re-entry opportunity. The full 9% buffer protection is restored, while the shorter time horizon creates higher probability dynamics as the defined outcome parameters become increasingly predictable approaching reset.

✅ UPSIDE SCENARIO

The ETF has 3.82% remaining upside potential (after fees), having already captured 7.81% of the approximately 11.6% total cap. This creates a 0.5:1 reward-to-risk ratio for the remaining period.With 5.5 months until reset, timing becomes increasingly important. Annualized, this translates to 8.40% cap yield, representing 2.2x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XBAP currently shows a downside before buffer of -8.04% (after fees). With the fund at +7.81% and the full 9% buffer intact, you have 9.00% of protection remaining. The index would need to decline approximately 17.04% from current levels before the end of the buffer protection.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

×

XTAP Detailed Analysis

166 Days Remaining

Until Outcome Period Reset

+10.52%

FUND RETURN

+18.04%

INDEX RETURN

10.16%*

DOWNSIDE
BEFORE BUFFER

4.76%*

REMAINING
CAP

0%

Buffer Level

10.5%

Cap Yield

3.9%

T-Bill Rate

📋 POSITION SNAPSHOT

As of today, XTAP is at +10.5% with 166 days remaining. This signal indicates an opportunity worth investigating based on the current positioning within the outcome period and the available risk-reward parameters.

✅ UPSIDE SCENARIO

The ETF has 4.76% remaining upside potential (after fees), having already captured 10.52% of the approximately 15.3% total cap. This creates a 0.5:1 reward-to-risk ratio for the remaining period.With 5.5 months until reset, timing becomes increasingly important. Annualized, this translates to 10.47% cap yield, representing 2.7x the current 3.85% T-Bill rate. This substantial premium compensates for the equity risk and cap limitation.

🛡️ DOWNSIDE PROTECTION

XTAP offers no downside buffer protection as an accelerated ETF. The position will participate fully in any index declines, making this suitable only for investors with strong market convictions and appropriate risk tolerance. Position sizing and timing are critical as losses can accumulate rapidly in adverse markets.

*Note: All calculations shown above have already been adjusted for fees. The remaining cap and downside values reflect the actual position after accounting for management expenses.

ETF Insights - October 16, 2025

Eric Cerrone

Defined Outcome ETF† Insights

Understanding Key Metrics

⏰ ETFs Expiring in 30 Days - No Current Alerts

🎯 Near Starting Point - Prime Entry Opportunities

🛡️ 100% Principal Protection†

🔄 Dual Direction Entry† - Profit From Either Direction

📈 Approaching Cap - Above Starting Level

🚀 Acceleration Zone - Enhanced Returns Available

NEAR STARTING POINT

NEAR THRESHOLD

NEAR MAXIMUM CAP

Important Disclosures

Read more

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