PGR Options
Progressive Corporation Options Chain, Implied Volatility & Greeks
Comprehensive options market data for Progressive Corporation (PGR). Explore implied volatility patterns, options chain liquidity, gamma exposure levels, and key market metrics.
PGR Options at a Glance
What's Covered in This Guide
1 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
Key Dates
Progressive Corporation operates in the Financial Services sector.
2 PGR Options Market Overview
PGR options provide good liquidity for options traders.
Liquidity Assessment: Good
PGR options are available for trading across multiple expirations.
3 PGR Volatility Profile
PGR implied volatility reflects interest rate sensitivity and credit cycle dynamics. IV spikes during financial stress events and Fed policy shifts.
Earnings Impact
IV typically expands before earnings and contracts after the announcement.
Historical Volatility vs IV
PGR IV generally trades near historical volatility, with premiums expanding around earnings.
Term Structure
Typically upward sloping under normal conditions.
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:
4 Common PGR Options Strategies
These are strategies commonly used by traders on PGR options, based on typical market characteristics. This is not investment advice.
Popular for PGR shareholders seeking additional income.
Defined-risk directional exposure on PGR.
Range-bound strategy for PGR between events.
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
Frequently Asked Questions: 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.
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PGR Analytics
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