Aptus October Buffer ETF (OCTB)

The Aptus October Buffer ETF (OCTB) 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.

The fund uses options to buffer against a specified portion of declines over the period, in exchange for a cap on the maximum gain it can deliver. The option positions are reset each October, establishing a new buffer and cap for the following year.