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The Fund's investment objective is to provide investors with returns that match the price return of the State Street SPDR S&P 500 ETF Trust up to a predetermined upside cap while providing a downside buffer against the first 12% (before fees and expenses) of the State Street SPDR S&P 500 ETF Trust's losses over the one-year Target Outcome Period. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in investments that provide exposure to securities included in the S&P 500 Index. The Fund is an actively managed exchange-traded fund ("ETF"). The Fund will invest substantially all of its assets in customized equity or index option contracts known as FLexible EXchange Options ("FLEX Options") on the State Street SPDR S&P 500 ETF Trust (the "Underlying ETF"). FLEX Options trade on an exchange, but provide investors with the ability to customize key contract terms like expiration date, option type (put or call), exercise style, strike price, premium, trading hours and exercise settlement, among others. The Underlying ETF is an exchange-traded unit investment trust that invests in as many of the stocks in the S&P 500 Index as is practicable.
Pgim S&P 500 Buffer 12 ETF - October trades on the BATS stock market under the symbol OCTP.
As of July 22, 2026, OCTP stock price declined to $32.46 with 2,630 million shares trading.
OCTP has a market cap of $27.27 million. This is considered a Sub-Micro Cap stock.
OCTP has underperformed the market in the last year with a return of +14.0%, while the SPY ETF gained +20.1%. In the last 3 month period, OCTP fell short of the market, returning +4.3%, while SPY returned +6.4%. However, in the most recent 2 weeks OCTP has outperformed the stock market by returning +0.2%, while SPY returned 0.0%.
OCTP support price is $32.33 and resistance is $32.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that OCTP shares will trade within this expected range on the day.