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Financial Services · Finance

PGR Implied Volatility, IV Rank & Options Chain

Progressive Corporation (PGR) options data: IV rank, options chain, GEX and Greeks. Comprehensive options market data for Progressive Corporation (PGR).

Updated Reference data

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On this page
  1. Key facts
  2. Company overview
  3. Options market
  4. Volatility profile
  5. GEX analysis
  6. Common strategies
  7. FAQ

PGR options trade with implied volatility typically in the 16% - 38% range, averaging N/A in daily volume with good liquidity. Next earnings: See earnings calendar. Weekly options and LEAPS are available.

PGR implied volatility

As of 2026-10-26

As of 2026-10-26, PGR's 30-day implied volatility is 24.3%, placing its 1-year IV percentile at 39.0 — above 39.0% of the past year's daily IV readings, a middle range, neutral between selling and buying premium.

24.3%30-day IV
39.01-year IV rank

PGR live chain, Greeks and GEX

Terminal

Every figure above is reference data. The live PGR chain, its Greeks, the gamma profile and the flow tape update through the session inside the Terminal.

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PGR options at a glance

Daily volume
N/A
IV range
16% - 38%
Bid-ask spread
N/A
Expirations
Weekly, monthly, LEAPS
Open interest
N/A
Next earnings
See earnings calendar
GoodLiquidity
16% - 38%IV Range
$130B+Market Cap
YesWeeklies

About Progressive Corporation (PGR)

Progressive is one of the largest auto insurance providers in the U.S., known for its direct-to-consumer model and innovative pricing tools. The company also offers home and commercial insurance.

Company profile

Sector
Financial Services
Industry
Insurance - Property & Casualty
Market cap
$130B+
Exchange
NYSE

Key dates

Next earnings
See earnings calendar
Earnings frequency
Quarterly
Dividend schedule
See company page
Fiscal year end
December

Progressive Corporation operates in the Financial Services sector.

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Chains, IV rank, expected move and dealer positioning for 5,500+ US stocks and ETFs.

  • Live chains and Greeks
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  • Expected move and GEX
  • Screener and strategy P&L
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PGR options market overview

PGR options provide good liquidity for options traders.

Average daily volume
N/A
Total open interest
N/A
Put/call ratio
N/A
Typical ATM spread
N/A
Weekly options
Available
LEAPS available
Yes

Liquidity assessment: Good

PGR options are available for trading across multiple expirations.

PGR implied volatility and IV rank

PGR implied volatility reflects interest rate sensitivity and credit cycle dynamics. IV spikes during financial stress events and Fed policy shifts.

16% - 21%Low IV, below average
21% - 32%Typical, normal conditions
32% - 38%Elevated, above average

Earnings impact

IV typically expands before earnings and contracts after the announcement.

The post-earnings volatility drop is known as IV crush. Holders of short PGR options should also understand early assignment risk around dividends and expiration.

Historical volatility vs IV

PGR IV generally trades near historical volatility, with premiums expanding around earnings.

Term structure

Typically upward sloping under normal conditions.

The smile, the term structure and the cone for PGR, on today's chain.

Open PGR in IV Intelligence

PGR gamma exposure (GEX)

Gamma Exposure analysis for PGR reveals dealer hedging dynamics at key strike levels.

  • Typical GEX profile. PGR tends to operate in a positive gamma environment during normal conditions.
  • Key levels.
  • Dealer hedging.

Where the gamma sits on PGR right now, strike by strike.

See live PGR GEX

Common PGR options strategies

These are strategies commonly used by traders on PGR options, based on typical market characteristics. This is not investment advice.

Key considerations for PGR options

  • PGR options liquidity varies by expiration - prefer near-term and monthly expirations for tighter spreads
  • Monitor earnings dates for IV expansion/contraction patterns
  • Consider the stock's beta when sizing positions

PGR key events

Earnings months. January, April, July, October

PGR options data by API, or in Claude

Every number on this page is one request away. The implied volatility API returns PGR's IV rank and percentile, the gamma exposure API its dealer positioning by strike, and the chain API every strike with Greeks. Connected to the ApexVol MCP server, Claude, Cursor or ChatGPT can ask for them in plain English.

GET /api/mcp/data/iv-rank/PGRBearer token, JSON back
curl -H "Authorization: Bearer avmcp_YOUR_TOKEN" \
     "https://apexvol.com/api/mcp/data/iv-rank/PGR"
In Claudethrough the MCP server
You

What is PGR's IV rank right now, and where is its gamma flip?

Claude calls get_iv_rank and get_gex

Try GEX on PGR in the console, more prompts for PGR, or set the server up in Claude Desktop, Claude Code, Cursor or ChatGPT.

Written by
ApexVol Research Team
Quantitative options research. All calculations use live institutional-grade data — the same source professional volatility desks use.
Reviewed by
Ryan Silk, ApexVol Founder
Reviewed for technical accuracy. 10+ years trading options; built ApexVol's pricing engine, Greeks model and IV-rank methodology.

Revised as market conditions and institutional data change. Last revised 2026-10-26. How we research →

Track this name's volatility weekly. The week's biggest IV movers and the expected earnings moves, straight from the data.

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Questions

Frequently asked
about PGR options.

What is PGR's typical implied volatility?

PGR implied volatility typically ranges from 16% - 38%.

Does PGR have weekly options?

PGR offers weekly options.

What is PGR's options trading profile?

PGR (Progressive Corporation) options trade with good liquidity, averaging N/A in daily volume, typical bid-ask spreads of N/A. Implied volatility typically falls in the 16% - 38% range. The position sits in the Financial Services category for portfolio diversification and options strategy design.

How does PGR implied volatility behave around earnings?

IV typically expands before earnings and contracts after the announcement. Next scheduled earnings: See earnings calendar. Traders often size short premium positions for the post-earnings IV crush, while long premium buyers should be aware that the IV decline can outweigh small directional moves.

What options strategies work well on PGR?

Popular strategies on PGR options include Covered Calls, Vertical Spreads, Iron Condors. Strategy selection depends on the current IV environment versus the 16% - 38% typical range, days to next earnings, and the trader's directional outlook. Higher IV regimes favour premium-selling strategies; lower IV regimes favour directional debit spreads or long premium plays.

What is PGR's gamma exposure (GEX)?

Gamma exposure (GEX) measures how options dealers' hedging of their net gamma position can influence PGR's intraday price action. PGR tends to operate in a positive gamma environment during normal conditions. Positive GEX tends to dampen volatility and create mean-reverting moves, while negative GEX can amplify swings. View live PGR GEX levels and the gamma-flip point on ApexVol.

What is PGR's IV rank?

PGR's IV rank shows where PGR's current implied volatility sits within its trailing 1-year range, scored 0–100. A reading near 100 means IV is near its yearly high — options are relatively expensive, which favors premium-selling strategies like credit spreads and iron condors. A reading near 0 means IV is near its yearly low, favoring premium-buying. PGR implied volatility typically ranges from 16% - 38%. Check PGR's live IV rank and percentile on ApexVol's IV analytics.

Reference data reads well.
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