PSCJ

PSCJ is an actively managed “structured outcome” ETF designed to shape your one-year return on SPY using FLEX options, resetting each July.

The goal is to take the first 5% of losses, then buffer additional downside roughly from -5% to -30%, while also capping upside above a preset level.

What you actually experience depends heavily on when you buy versus the July reset, and fees are not included in the stated cap/buffer targets.