Innovator Equity Premium Income - Daily PutWrite ETF (SPUT)

The Innovator Equity Premium Income - Daily PutWrite ETF is an exchange-traded fund from Innovator ETFs that seeks to generate income through a put-writing strategy on the U.S. large-cap equity market. Rather than owning stocks outright, the fund sells put options, collecting premium in exchange for taking on the obligation to buy the reference index at a set level.

As indicated by its name, the options are written on a daily basis, using very short-dated contracts that are renewed frequently. The fund's collateral is typically held in short-term Treasury securities. This structure provides income while leaving the fund exposed to equity market declines, and it limits participation in strong market rallies to the premium received. The fund trades on NYSE Arca.