Outcome Radar - April 17, 2026
Today's analysis: 5 near entry, 6 near acceleration, 35 near cap. Total 49 signals.
21 of 25 fully protected funds are mid-period tonight, which is the defining feature of this category right now — steady, structured, and largely in the middle of their outcome windows. Just 1 fund is in Target/Extended Range, consistent with the characteristically lower caps that come with full principal protection. The 3 Near-Cap funds are where existing holders should be having the roll conversation with clients, weighing whether to lock in what's been gained or stay positioned through the close. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Extended Range |
AIOOSPY100% Protection |
AllianzIM™ | ~0.0% | ~99.1% | 75 | ~-1.1% | ~17% Partic. | N/A |
Protection
Range
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Near Cap | Innovator™ | ~0.1% | ~93.3% | 14 | ~-6.7% | ~3.7% | >95% | ||
| Near Cap | Innovator™ | ~0.6% | ~93.7% | 45 | ~-6.3% | ~4.9% | >95% | ||
| Near Cap | Innovator™ | ~1.2% | ~85.2% | 75 | ~-14.8% | ~6.0% | >95% |
53 of 64 Standard 9% funds are mid-period tonight, making this the steadiest corner of the defined-outcome universe right now. Only 2 sit in Target/Extended Range, while the real point of attention is the 9 Near-Cap funds — existing holders there should be walking through roll mechanics with clients to assess whether staying put or resetting into a fresh period aligns with their objectives. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Extended Range |
IMAREFA15% Buffer Annual |
Innovator™ | ~15.0% | ~13.9% | 318 | 0.0% | ~17.2% | ~19% | |
| Extended Range |
IFEBEFA15% Buffer Annual |
Innovator™ | ~11.8% | ~15.3% | 290 | ~-1.6% | ~14.9% | ~27% |
Annual
Range
Annual
Range
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Near Cap | BMAYSPY9% Buffer Annual |
Innovator™ | ~0.2% | ~12.7% | 14 | ~-15.4% | ~5.0% | >95% | |
| Near Cap | Innovator™ | ~0.5% | ~16.5% | 14 | ~-13.6% | ~11.7% | >95% | ||
| Near Cap | KMAYIWM15% Buffer Annual |
Innovator™ | ~0.1% | ~22.9% | 14 | ~-15.8% | ~1.6% | >95% | |
| Near Cap | NMAYQQQ15% Buffer Annual |
Innovator™ | ~0.1% | ~22.2% | 14 | ~-14.7% | ~1.6% | >95% | |
| Near Cap | PMAYSPY15% Buffer Annual |
Innovator™ | ~0.1% | ~20.6% | 14 | ~-12.2% | ~2.9% | >95% | |
| Near Cap | BJUNSPY9% Buffer Annual |
Innovator™ | ~1.5% | ~10.7% | 45 | ~-12.9% | ~12.1% | >95% | |
| Near Cap | KJUNIWM15% Buffer Annual |
Innovator™ | ~0.8% | ~21.4% | 45 | ~-14.1% | ~6.3% | >95% | |
| Near Cap | NJUNQQQ15% Buffer Annual |
Innovator™ | ~1.1% | ~18.6% | 45 | ~-12.5% | ~9.3% | >95% | |
| Near Cap | PJUNSPY15% Buffer Annual |
Innovator™ | ~1.0% | ~18.1% | 45 | ~-10.5% | ~7.9% | >95% |
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
76 of 88 funds in this category are mid-period, with nothing sitting at the starting-level end of the range tonight. The headline is really the 12 Near-Cap funds — spread across both SPY-based and non-SPY underlying indexes — where existing holders should be walking through roll mechanics to assess whether staying positioned still aligns with their clients' protection objectives. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Near Cap | DAPRSPY25% Buffer Annual |
First Trust™ | ~0.0% | ~30.4% | 1 | ~-17.0% | ~0.0% | >95% | |
| Near Cap | FAPRSPY10% Buffer Annual |
First Trust™ | ~0.0% | ~16.9% | 1 | ~-15.6% | ~0.0% | >95% | |
| Near Cap | GAPRSPY15% Buffer Annual |
First Trust™ | ~0.0% | ~23.1% | 1 | ~-13.1% | ~0.0% | >95% | |
| Near Cap | QCAPQQQ20% Buffer Annual |
First Trust™ | ~0.0% | ~31.5% | 1 | ~-13.1% | ~10.9% | >95% | |
| Near Cap | MAYTSPY10% Buffer Annual |
AllianzIM™ | ~0.3% | ~14.1% | 14 | ~-14.8% | ~9.1% | >95% | |
| Near Cap | DMAYSPY25% Buffer Annual |
First Trust™ | ~0.7% | ~25.7% | 29 | ~-15.0% | ~8.4% | >95% | |
| Near Cap | FMAYSPY10% Buffer Annual |
First Trust™ | ~1.0% | ~11.4% | 29 | ~-12.3% | ~12.7% | >95% | |
| Near Cap | GMAYSPY15% Buffer Annual |
First Trust™ | ~0.6% | ~17.4% | 29 | ~-10.6% | ~7.9% | >95% | |
| Near Cap | QMMYQQQ15% Buffer Annual |
First Trust™ | ~0.8% | ~18.1% | 29 | ~-12.6% | ~10.7% | >95% | |
| Near Cap | SMAYIWM15% Buffer Annual |
First Trust™ | ~0.6% | ~20.1% | 29 | ~-13.9% | ~7.4% | >95% | |
| Near Cap | XMAYSPY15% Buffer Annual |
First Trust™ | ~0.4% | ~18.8% | 29 | ~-9.2% | ~5.0% | >95% | |
| Near Cap | TJUNEEM10% Buffer Annual |
First Trust™ | ~1.3% | ~18.3% | 63 | ~-14.9% | ~7.8% | >95% |
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
Annual
29 of 37 funds in the deep-buffer tier are mid-period tonight, quietly accumulating time in the trade with meaningful downside coverage still intact. Only 2 sit in Target/Extended Range, while the more active cluster is at the cap end — 6 funds are Near Cap, and existing holders there should be walking through roll mechanics with clients to weigh whether staying put or rotating into a fresh period makes more sense at current levels. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Extended Range |
JANMSPY50% Buffer Annual |
First Trust™ | ~5.3% | ~44.9% | 274 | ~-1.6% | ~7.1% | ~39% | |
| Extended Range |
FEBMSPY50% Buffer Annual |
First Trust™ | ~5.5% | ~46.7% | 309 | ~-1.5% | ~6.5% | ~40% |
Annual
Range
Annual
Range
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Near Cap | First Trust™ | ~0.0% | ~93.1% | 1 | ~-6.9% | ~0.0% | >95% | ||
| Near Cap | AllianzIM™ | ~0.2% | ~26.1% | 14 | ~-10.6% | ~6.3% | >95% | ||
| Near Cap | Innovator™ | ~0.1% | ~32.9% | 14 | ~-15.7% | ~3.4% | >95% | ||
| Near Cap | First Trust™ | ~0.3% | ~93.7% | 29 | ~-6.3% | ~4.2% | >95% | ||
| Near Cap | AllianzIM™ | ~0.9% | ~23.5% | 45 | ~-9.3% | ~7.1% | >95% | ||
| Near Cap | Innovator™ | ~0.9% | ~31.0% | 45 | ~-14.4% | ~7.2% | >95% |
11 of 14 funds are tracking through the middle of their outcome periods — which, for a structure with no ceiling on the right tail, means the full upside potential is still on the table. The 3 funds in Target/Extended Range are the ones where the starting-level protection profile is most intact, worth revisiting against current client positioning. With 0 funds Near Cap, there are no roll conversations to have right now. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Thresh.⇅ | Prob. | View |
|---|---|---|---|---|---|---|---|---|---|
| * Near Threshold |
JANIEFA15% Uncapped Buffer |
AllianzIM™ | ~0.0% | ~14.5% | 259 | 0.0% | ~2.4% Spread | N/A | |
| * Near Threshold |
JANUSPY15% Uncapped Buffer |
AllianzIM™ | ~0.0% | ~14.7% | 259 | 0.0% | ~3.7% Spread | N/A | |
| Extended Range |
FEBUSPY15% Uncapped Buffer |
AllianzIM™ | ~0.0% | ~14.5% | 290 | 0.0% | ~3.8% Spread | N/A |
Uncapped Buffer
Threshold
Uncapped Buffer
Threshold
Uncapped Buffer
Range
All 23 Dual Direction funds are mid-period tonight — no funds at the starting level, none approaching their cap. That's a clean read for a category built to handle ambiguity: every position is actively tracking its outcome period, with the inverse-decline buffer and upside participation both in play. The roll and Target/Extended Range conversations are simply off the table this week. For informational purposes, not investment advice.
All 26 Specialty funds are mid-period tonight — no funds in Target/Extended Range, none Near Cap. Given the shorter quarterly and 6-month cycle cadence of these accelerated structures, that clean mid-period clustering means resets are working through their natural rhythm without any roll conversations on the table for existing holders right now. For informational purposes, not investment advice.
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Accel Zone | QTOCQQQ3x Accelerated |
Innovator™ | ~9.9% | ~0.0% | 167 | — | ~21.6% | ~35% | |
| Accel Zone | XBOCSPY2x Accelerated |
Innovator™ | ~5.8% | ~9.0% | 167 | 0.0% | ~12.7% | ~30% | |
| Accel Zone | XTOCSPY2x Accelerated |
Innovator™ | ~7.7% | ~0.0% | 167 | — | ~16.8% | ~35% | |
| Accel Zone | QTAPQQQ3x Accelerated |
Innovator™ | ~13.7% | ~0.0% | 349 | — | ~14.4% | ~35% | |
| Accel Zone | XBAPSPY2x Accelerated |
Innovator™ | ~9.9% | ~9.0% | 349 | 0.0% | ~10.3% | ~35% | |
| Accel Zone | XTAPSPY2x Accelerated |
Innovator™ | ~12.2% | ~0.0% | 349 | — | ~12.8% | ~50% |
Accelerated
Accelerated
Accelerated
Accelerated
Accelerated
Accelerated
| Status⇅ | Ticker | Provider | Rem. Cap⇅ |
Rem. Buf⇅ |
Days⇅ | DBB⇅ | Cap Yld⇅ |
Prob.⇅ | View |
|---|---|---|---|---|---|---|---|---|---|
| Near Cap | QTJLQQQ3x Accelerated |
Innovator™ | ~2.9% | ~0.0% | 75 | — | ~14.3% | ~50% | |
| Near Cap | XBJLSPY2x Accelerated |
Innovator™ | ~1.9% | ~9.0% | 75 | 0.0% | ~9.2% | ~50% | |
| Near Cap | XDQQQQQ2x Accelerated |
Innovator™ | ~3.2% | ~0.0% | 75 | — | ~15.6% | ~50% | |
| Near Cap | XDSQSPY2x Accelerated |
Innovator™ | ~3.0% | ~0.0% | 75 | — | ~14.6% | ~35% | |
| Near Cap | XTJLSPY2x Accelerated |
Innovator™ | ~2.4% | ~0.0% | 75 | — | ~11.5% | ~50% |
Accelerated
Accelerated
Accelerated
Accelerated
Accelerated
Independent Research & Trademark Notices
Innovator™, First Trust™, and AllianzIM™ are trademarks of their respective owners. Outcome Radar is an independent research publication and is not affiliated with, sponsored by, or endorsed by these or any other fund providers.
This publication is provided for informational and educational purposes only and does not constitute personalized investment advice, a recommendation to buy or sell any security, or an offer of advisory services. Investment decisions should be made based on an investor’s specific objectives and risk tolerance.
All probability estimates are model-based, hypothetical, and are not predictive of future results. Mathematical observations are based on current market data and modeled outcomes at expiration; they do not account for intra-period volatility or secondary market liquidity.
© 2026 Outcome Radar. All Rights Reserved.
Top 10 Widget (Dropdown Switcher) — A single box that holds three different “Top 10” views. Use the dropdown in the widget header to switch between them:
• Closest to Target Range (default) — The 10 ETFs trading closest to their ideal entry band. An ETF showing In Range is currently inside the optimal entry zone for its period type (annual, 6-month, or quarterly). Amber means within 0.25% of the band; red is further away. Ranked by absolute distance from the band.
• Asymmetry Ratio — Measures how much upside vs. downside a fund offers on a standardized ±10% index move from today. A ratio of 5x means the fund gains 5x more than it loses. Higher is better. Funds with fewer than 30 days remaining or non-standard structures are excluded.
• Top Cap Yield — The 10 ETFs with the highest annualized remaining cap. Cap Yield normalizes different time horizons so a fund with 60 days left can be compared to one with 300 days left. Grade reflects overall attractiveness.
Upcoming Resets — ETFs resetting within the next 8 days. At reset the fund starts a new outcome period with a fresh cap and buffer — an important decision point for holders.
Volume Traded (Treemap) — The 10 most actively traded ETFs from the prior session, sized by volume. Click any box to jump directly to that ETF’s row.
Implied Volatility Chart — A 1-year history of VIX (S&P 500), VXN (Nasdaq), and RVX (Russell 2000) implied volatility. Current values are calculated using options volatility models at the end of the day. Higher IV means higher reset caps ahead — useful context for timing new positions.
• Green chip — Exact match: same underlying index and same buffer %, freshly reset. Hover / tap for “Same buffer & index, just reset”.
• Amber chip with ∼ — Partial match: same underlying index, different buffer. Hover / tap shows which buffer the candidate has (e.g., “10% buf”).
• No chip — No suitable replacement exists in the current report.
Click the chip to jump directly to that suggested ETF’s row, so you can compare side-by-side before rolling.
Near Cap — ETFs nearing their maximum return. Upside is limited; each entry shows a Roll Option chip with a suggested replacement ETF.
Acceleration Zone — Leveraged ETFs (2x/3x) with multiplied upside. Position relative to the trigger threshold is key.
Dual Direction — ETFs that participate in both up and down index moves. Symmetry analysis matters here.
All Others — The rest of the ETF universe for that tab’s buffer type. Collapsed by default — expand to see every fund with basic metrics.