Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) Max Pain Analysis
Max pain is the strike price where aggregate option buyer payout is minimized at expiration. It represents the price at which option writers retain the most premium.
Innovator 20+ Year Treasury Bond 9 Buffer ETF - July (TBJL) operates in the Financial Services sector, specifically the Asset Management industry, with a market capitalization near $22.6M, listed on CBOE, carrying a beta of 0.41 to the broader market. The Fund seeks to provide returns that match those of the iShares 20+ Year Treasury Bond ETF while providing a buffer against the first 9% of the ETF's losses, from July 1, 2025 to June 30, 2026. public since 2020-08-31.
Max pain analysis shows the strike price where the most options expire worthless. No recent options activity for TBJL as of 2026-07-17; this typically reflects low options liquidity, a recently listed name, or a temporary data feed delay. Snapshot will refresh on the next active session.