Aptus October Deep Buffer ETF (OCDB)

The Aptus October Deep Buffer ETF (OCDB) is a defined-outcome exchange-traded fund from Aptus Capital Advisors. It seeks to provide returns tied to the U.S. large-cap equity market as represented by the S&P 500 over a one-year outcome period that begins in October, while limiting losses within a predetermined range.

Rather than protecting against the first losses, a deep buffer is structured to absorb a deeper band of declines beyond an initial loss level, in exchange for a higher cap on upside gains. The fund implements its strategy with options on the S&P 500 or a related index fund, and the buffer and cap are reset at the start of each outcome period.