TJUL ETF

Innovator Equity Defined Protection ETF offers 2-year downside protection and modest upside capture for conservative investors. The ETF uses options to achieve its protective strategy, but investors must hold it for the entire outcome period to receive full benefits. Investors should consider buying the ETF at issuance to maximize the benefits, and the upcoming "TNOV" series may be worth waiting for.

The recently launched ETF with ticker "TJUL" offers the upside of stocks with protection on the initial amount invested. This is basically what "principal protected notes" offered by banks have long done, and is now possible again thanks to higher interest rates. In this article, I show you why you don't need ETFs like TJUL, and instead would be better off creating your own protected payoffs trading options directly.