XBAP - Innovator U.S. Equity Accelerated 9 Buffer ETF

The Innovator U. S. Equity Accelerated 9 Buffer ETF seeks to provide double (2x) the upside return of SPY (SPDR S&P 500 ETF Trust), to a cap, with approximately single exposure to the downside, over a one-year outcome period.

Sector
Financial Services
Industry
Asset Management
Market Cap
$131.7M
Beta
0.35
52-Week Range
35.78-41.655
IPO Date
Apr 1, 2021
Exchange
CBOE

XBAP Options Snapshot

Options pricing data for XBAP 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 XBAP 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.

Frequently asked XBAP overview questions

What is XBAP?
XBAP is the ticker symbol for Innovator U.S. Equity Accelerated 9 Buffer ETF, an listed exchange-traded fund. The Innovator U. S. Listed on CBOE. XBAP 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 XBAP's key statistics?
Innovator U.S. Equity Accelerated 9 Buffer ETF (XBAP) carries a market capitalization of $131.7M, 52-week range of 35.78-41.655. 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 XBAP belong to?
Innovator U.S. Equity Accelerated 9 Buffer ETF 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 XBAP'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 XBAP data on this page?
Options snapshots refresh after each trading session; if no snapshot is currently posted for XBAP, 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.