MAYM - First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - May

MAYM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one year period starting in May, each year. The expected range of the buffer for future periods is between 20% and 100%. At the end of the target outcome period, the upside cap and downside buffer for the new target outcome period are reset to prevailing market conditions.

Sector
Financial Services
Industry
Asset Management
Market Cap
$39.3M
Beta
0.12
52-Week Range
31.78-33.44
IPO Date
May 19, 2025
Exchange
CBOE

MAYM Options Snapshot

Options pricing data for MAYM 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 MAYM 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.

MAYM fund facts: expense ratio 0.85%, assets under management $39.3M, NAV $33.41 as of the data source's update on Oct 8, 2026, 4 holdings in its latest file, launched May 16, 2025, issued by First Trust. See the MAYM holdings.

Frequently asked MAYM overview questions

What is MAYM?
MAYM is the ticker symbol for First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - May, an listed exchange-traded fund. MAYM uses FLEX options to match the price returns of SPDR S&P 500 ETF Trust (SPY), up to a predetermined upside cap of at least 7%, while seeking to provide the maximum available buffer of 100% over a one year period starting in May, each year. The expected range of the buffer for future periods is between 20% and 100%. Listed on CBOE. MAYM 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 MAYM's key statistics?
First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - May (MAYM) carries a market capitalization of $39.3M, 52-week range of 31.78-33.44. 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 MAYM belong to?
First Trust Exchange-Traded Fund VIII - FT Vest U.S. Equity Max Buffer ETF - May 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 MAYM'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 MAYM data on this page?
Options snapshots refresh after each trading session; if no snapshot is currently posted for MAYM, 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.