Behind the Scenes of Progressive’s Latest Options Trends – Progressive (NYSE:PGR)

Benzinga’s alternatives scanner has actually simply determined more than 8 choice deals on Progressive PGR, with a cumulative worth of $214,254. Simultaneously, our algorithms got 2 puts, worth an overall of 80,190.

Anticipated Cost Variety

Considering the Volume and Open Interest on these agreements, it appears that whales have actually been targeting a rate variety from $260.0 to $290.0 for Progressive over the last 3 months.

Examining Volume & & Open Interest

Taking a look at the volume and open interest is an effective relocation while trading alternatives. This information can assist you track the liquidity and interest for Progressive’s alternatives for an offered strike rate. Listed below, we can observe the development of the volume and open interest of calls and puts, respectively, for all of Progressive’s whale trades within a strike rate variety from $260.0 to $290.0 in the last thirty days.

Progressive Choice Activity Analysis: Last one month

Greatest Options Identified:

About Progressive

Progressive finances personal and industrial car insurance coverage and specialized lines; it has practically 24 million individual car policies in force and is among the biggest car insurance providers in the United States. Progressive markets its policies through independent insurance coverage companies in the United States and Canada and straight through the web and telephone. Its premiums are split approximately similarly in between the representative and the direct channel. The business likewise uses industrial car policies and got in property owners insurance coverage through an acquisition in 2015.

Due to the current alternatives history for Progressive, it’s now suitable to concentrate on the business itself. We intend to explore its existing efficiency.

Present Market Standing of Progressive

• Trading volume stands at 4,282,651, with PGR’s rate up by 3.53%, placed at $269.56.
• RSI indications reveal the stock to be is presently neutral in between overbought and oversold.
• Profits statement anticipated in 12 days.

What Experts Are Stating About Progressive

An overall of 5 expert experts have actually offered their take on this stock in the last thirty days, setting a typical rate target of $289.4.

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* An expert from Keefe, Bruyette & & Woods continues with their Outperform ranking on Progressive, preserving a target rate of $288.
* Showing issues, an expert from B of A Securities decreases its ranking to Neutral with a brand-new rate target of $287.
* An expert from B of A Securities continues with their Buy ranking on Progressive, preserving a target rate of $300.
* An expert from UBS has actually chosen to preserve their Neutral ranking on Progressive, which presently sits at a rate target of $285.
* An expert from JP Morgan continues with their Obese ranking on Progressive, preserving a target rate of $287.

Trading alternatives includes higher threats however likewise uses the capacity for greater revenues. Smart traders reduce these threats through continuous education, tactical trade changes, using numerous indications, and remaining attuned to market characteristics. Stay up to date with the most recent alternatives trades for Progressive with Benzinga Pro for real-time signals.