LAPR - Innovator Premium Income 15 Buffer ETF - April
LAPR provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each April. The actively managed portfolio consists of i) US Treasurys maturing on each quarterly distribution date and ii) out-of-the-money SPDR S&P 500 ETF Trust (SPY) put FLEX options sold to provide one-to-one downside exposure.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $11.3M
- Beta
- 0.09
- 52-Week Range
- 24.97-25.5
- Dividend Yield
- $1.52
- IPO Date
- Apr 1, 2024
- Exchange
- CBOE
LAPR Options Snapshot
Options pricing data for LAPR is refreshed daily after the close. When listed contracts exist, this page surfaces the latest at-the-money implied volatility, max pain strike, dealer gamma exposure (GEX), and 25-delta skew. Listed contracts and live snapshots appear once the options chain has been published by the exchange for the most recent session.
What This Page Covers
The LAPR overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
LAPR fund facts: expense ratio 0.79%, assets under management $11.3M, NAV $25.16 as of the data source's update on Oct 8, 2026, 9 holdings in its latest file, launched Apr 1, 2024, issued by Innovator. See the LAPR holdings.
Frequently asked LAPR overview questions
- What is LAPR?
- LAPR is the ticker symbol for Innovator Premium Income 15 Buffer ETF - April, an listed exchange-traded fund. LAPR provides no upside potential. Instead, it aims for a defined rate of income and downside protection over a one-year period starting each April. Listed on CBOE. LAPR is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What are LAPR's key statistics?
- Innovator Premium Income 15 Buffer ETF - April (LAPR) carries a market capitalization of $11.3M, 52-week range of 24.97-25.5. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does LAPR belong to?
- Innovator Premium Income 15 Buffer ETF - April operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare LAPR's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the LAPR data on this page?
- Options snapshots refresh after each trading session; if no snapshot is currently posted for LAPR, it usually reflects low options liquidity or a recently listed name. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.