Tour v526
PGR
PROGRESSIVE CORP OH
$218.95 -2.20%
$219.00 (+0.02%)🌙
as of 09/04 06:52 PM
(9/3 18:50) ◀
|
Friday, September 4, 2026 (6:52pm)
January 2026
|
▶ (9/8 18:49)
◀ 9/4 18:52 ▶

Option Volume

Detail
ℹ
Current (09/04) 1,186
Calls: 824 (69%)
Puts: 362 (31%)
Prior (09/03) 934
Calls: 385 (41%)
Puts: 549 (59%)
Current vs Prior +26.98%
Calls: +114.03% (Calls)
Puts: -34.06% (Puts)
Prior 7-Day Total 8,081
Calls: 4,520 (56%)
Puts: 3,561 (44%)
Prior 7-Day Average 1,154
Calls: 645 (56%)
Puts: 508 (44%)
Current vs Prior 7-Day Avg +2.73%
Calls: +27.61%
Puts: -28.84%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (09/04) $520.0K
Calls: $408.9K (79%)
Puts: $111.2K (21%)
Prior (09/03) $331.5K
Calls: $206.4K (62%)
Puts: $125.2K (38%)
Current vs Prior +56.86%
Calls: +98.12%
Puts: -11.18%
Prior 7-Day Total $3.84M
Calls: $2.57M (67%)
Puts: $1.27M (33%)
Prior 7-Day Average $547.9K
Calls: $367.1K (67%)
Puts: $180.8K (33%)
Current vs Prior 7-Day Avg -5.09%
Calls: +11.38%
Puts: -38.52%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (09/04) 0.44
Prior (09/03) 1.43
Current vs Prior -69.19%
Prior 7-Day Average 0.98
Current vs Prior 7-Day Avg -55.10%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (09/04) 10,960
Calls: 6,899 (63%)
Puts: 4,061 (37%)
Prior (09/03) 12,903
Calls: 9,890 (77%)
Puts: 3,013 (23%)
Current vs Prior -15.06%
Prior 7-Day Total 94,300
Calls: 58,674 (62%)
Puts: 35,626 (38%)
Prior 7-Day Average 13,471
Calls: 8,382 (62%)
Puts: 5,089 (38%)
Current vs Prior 7-Day Avg -18.64%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/04) | Next (09/11)Expiry (09/18) | Next (10/16)
Current 1.48% | 2.94%4.16% | 9.77%
Prior 1.71% | 2.99%4.31% | 9.34%
Current vs Prior +71.66% | +38.87%-3.58% | +4.69%
Prior 7-Day Avg 2.31% | 3.52%4.89% | 10.06%
Current vs 7-Day Avg +27.41% | +17.97%-15.00% | -2.85%
Prior 7-Day Eod 1.71% | 2.99%4.31% | 9.34%
Current vs 7-Day Eod +71.66% | +38.87%-3.58% | +4.69%
Sentiment BEARISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 31.02% | 11.79%
Calls: 25.00% | 12.05%
Puts: 37.04% | 11.54%
Prior 31.02% | 11.79%
Calls: 25.00% | 12.05%
Puts: 37.04% | 11.54%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 31.02% | 11.79%
Calls: 25.00% | 12.05%
Puts: 37.04% | 11.54%
Current vs 7-Day Avg +0.00% | -0.00%
Liquidity Expensive
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🤖 AI Insights

Strong bullish conviction with 79% of dollar volume in calls ($408.9K) vs puts ($111.2K). Elevated premium activity with dollar volume up 57% vs prior. Extreme bullish P/C ratio of 0.44 - heavy call buying (824 calls vs 362 puts). P/C ratio dropping 69% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow BULLISH
Overall BULLISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BULLISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BULLISH
7-Day Avg NEUTRAL
Current BEARISH
Prior BULLISH
7-Day Avg BULLISH

📈 Options Analysis

🎯 Tightest Spreads
💰 Best Value Under $1
📊 High Delta (ITM)
🔥 High Volume
⏰ Backwardation
📈 Debit Spreads
📉 Credit Spreads
📅 Calendar Spreads
⚡ Straddles
🔀 Strangles
🦅 Iron Condors
🦋 Butterflies
⚖️ Ratio Spreads
🛡️ Covered Calls

Options with the tightest bid-ask spreads (<10%). Lower spreads = better fills and less slippage. Showing top 1 of results (avg 5.9%, best 5.9%)

CALLS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$185.00Sep 1833.0035.00$34.005.9%150.9347
PUTS (0)
No puts meet the criteria

Affordable options under $1.00 per contract. Great for defined-risk strategies with minimal capital. -- found (avg $--, cheapest $--)

No options available for this category

In-the-money options with delta >0.50. Higher probability of profit, lower leverage. 18 found (avg delta 0.76, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Sep 40.552.10$1.33116.5%51.00173
$195.00Sep 1822.4025.80$24.1014.1%150.9460
$185.00Sep 1833.0035.00$34.005.9%150.9347
$212.50Sep 116.007.90$6.9527.3%30.851
$210.00Sep 48.009.70$8.8519.2%20.81--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Sep 45.307.20$6.2530.4%10.98--
$225.00Sep 115.807.80$6.8029.4%10.82--
$220.00Sep 40.603.20$1.90136.8%190.80102
$222.50Sep 42.504.60$3.5559.2%20.71--
$222.50Sep 113.805.50$4.6536.6%10.71--

Most actively traded options today. High liquidity = easy entry/exit. 66 active (total vol 989, top 100)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$215.00Sep 114.105.70$4.9032.7%1000.7429
$215.00Sep 185.707.20$6.4523.3%1000.66--
$222.50Sep 40.002.20$1.10200.0%880.29225
$230.00Oct 163.103.80$3.4520.3%870.30372
$220.00Sep 40.000.30$0.15200.0%820.2023
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Oct 163.404.00$3.7016.2%750.3093
$200.00Oct 161.502.15$1.8335.5%280.1646
$217.50Sep 40.000.05$0.03166.7%190.06450
$220.00Sep 40.603.20$1.90136.8%190.80102
$207.50Sep 110.100.25$0.1883.3%190.0632

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 5 strikes (avg 1369.8%, max 2410.8%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Sep 4Oct 16627.5%25.0%2410.8%511
$222.50Sep 4Sep 11378.1%21.8%1634.4%97225
$220.00Sep 4Oct 1681.8%27.6%196.5%88116
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Sep 4Oct 16627.5%25.0%2410.8%7893
$220.00Sep 4Oct 1681.8%27.6%196.5%21188

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 38 found (best R:R 5.67, avg 7.60)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$230.00$235.00Oct 9$0.75$4.25$0.7527%5.67$230.75
$230.00$235.00Sep 25$0.43$4.57$0.4320%10.63$230.43
$217.50$220.00Sep 4$1.18$1.32$1.18100%1.12$218.68
$210.00$220.00Oct 16$5.95$4.05$5.9570%0.68$215.95
$225.00$227.50Sep 11$0.23$2.27$0.2318%9.87$225.23
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$222.50$220.00Sep 4$1.65$0.85$1.6571%0.52$220.85
$210.00$205.00Oct 9$0.85$4.15$0.8527%4.88$209.15
$222.50$220.00Sep 11$1.47$1.03$1.4771%0.70$221.03
$212.50$210.00Sep 18$0.40$2.10$0.4026%5.25$212.10
$200.00$190.00Sep 18$0.10$9.90$0.104%99.00$199.90

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 28 found (best R:R 0.75, avg 0.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$222.50$225.00Sep 4$1.07$1.07$1.4371%0.75$223.57
$220.00$230.00Oct 9$4.05$4.05$5.9550%0.68$224.05
$220.00$230.00Oct 16$4.10$4.10$5.9051%0.69$224.10
$220.00$225.00Sep 18$2.05$2.05$2.9553%0.69$222.05
$225.00$230.00Sep 18$0.95$0.95$4.0573%0.23$225.95
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$200.00$195.00Oct 16$1.03$1.03$3.9784%0.26$198.97
$210.00$200.00Sep 18$1.00$1.00$9.0080%0.11$209.00
$205.00$200.00Oct 2$0.65$0.65$4.3584%0.15$204.35
$212.50$210.00Sep 11$0.37$0.37$2.1383%0.17$212.13
$200.00$195.00Oct 9$0.55$0.55$4.4587%0.12$199.45

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. -- found (avg debit $--, cheapest $--)

No setups found for this strategy

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 13 found (cheapest 0.62% of stock, avg 3.31%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$217.50Sep 4$1.33$0.03$1.36$216.14$218.860.62%
$220.00Sep 4$0.15$1.90$2.05$217.95$222.050.94%
$222.50Sep 4$1.10$3.55$4.65$217.85$227.152.12%
$220.00Sep 11$1.98$3.18$5.16$214.84$225.162.36%
$217.50Sep 11$3.25$1.98$5.23$212.27$222.732.39%
$222.50Sep 11$1.15$4.65$5.80$216.70$228.302.65%
$215.00Sep 11$4.90$1.05$5.95$209.05$220.952.72%
$225.00Sep 4$0.03$6.25$6.28$218.72$231.282.87%
$225.00Sep 11$0.63$6.80$7.43$217.57$232.433.39%
$212.50Sep 11$6.95$0.60$7.55$204.95$220.053.45%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 68 found (cheapest 0.08% of stock, avg 1.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$220.00$217.50Sep 4$0.15$0.03$0.18$217.32$220.18
$235.00$210.00Sep 11$0.20$0.23$0.43$209.57$235.43
$235.00$205.00Sep 11$0.20$0.25$0.45$204.55$235.45
$230.00$217.50Sep 4$0.53$0.03$0.56$216.94$230.56
$227.50$210.00Sep 11$0.40$0.23$0.63$209.37$228.13
$227.50$205.00Sep 11$0.40$0.25$0.65$204.35$228.15
$235.00$212.50Sep 11$0.20$0.60$0.80$211.70$235.80
$225.00$210.00Sep 11$0.63$0.23$0.86$209.14$225.86
$225.00$205.00Sep 11$0.63$0.25$0.88$204.12$225.88
$227.50$212.50Sep 11$0.40$0.60$1.00$211.50$228.50

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 19 found (best R:R 0.55, avg credit $1.39)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
210/212222/225Sep 11$0.89$1.6155%0.55$211.61$223.39
210/212225/228Sep 11$0.60$1.9066%0.32$211.90$225.60
212/215222/225Sep 11$0.97$1.5344%0.63$214.03$223.47
212/215225/228Sep 11$0.68$1.8255%0.37$214.32$225.68
195/200230/235Oct 9$1.30$3.7060%0.35$198.70$231.30
210/212228/232Sep 11$0.62$4.3872%0.14$211.88$228.12
200/205230/235Oct 9$1.48$3.5254%0.42$203.52$231.48
205/210230/235Oct 9$1.60$3.4046%0.47$208.40$231.60
212/215228/232Sep 11$0.70$4.3061%0.16$214.30$228.20
210/212225/230Sep 18$1.35$3.6547%0.37$211.15$226.35

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 25 found (best R:R 4.41, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$210.00$220.00$230.00Oct 16$1.85$8.1540%4.41
$215.00$220.00$225.00Sep 18$0.80$4.2039%5.25
$220.00$225.00$230.00Sep 25$0.58$4.4228%7.62
$215.00$217.50$220.00Sep 11$0.38$2.1231%5.58
$220.00$222.50$225.00Sep 11$0.31$2.1925%7.06
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$200.00$205.00$210.00Oct 9$0.12$4.8814%40.67
$210.00$212.50$215.00Sep 11$0.08$2.4219%30.25
$215.00$217.50$220.00Sep 11$0.27$2.2330%8.26
$217.50$220.00$222.50Sep 11$0.27$2.2329%8.26
$195.00$200.00$205.00Oct 9$0.18$4.8211%26.78

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 49 found (best net $-1.60, 31 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$220.001:2Oct 16-$1.60$8.40
$215.00$220.001:2Sep 18-$0.75$4.25
$215.00$220.001:2Sep 25-$1.55$3.45
$220.00$225.001:2Sep 25-$0.75$4.25
$225.00$230.001:2Sep 25-$0.01$4.99
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$222.50$220.001:2Sep 4-$0.25$2.25
$225.00$222.501:2Sep 4-$0.85$1.65
$217.50$215.001:2Sep 11-$0.12$2.38
$205.00$200.001:2Oct 2-$0.03$4.97
$220.00$217.501:2Sep 11-$0.78$1.72

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 17 found (best yield 3.11%, avg 0.89%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$220.00Oct 16$6.800.490.5%3.11%3.59%693
$230.00Oct 16$3.100.305.0%1.42%6.46%87372
$220.00Oct 9$5.600.500.5%2.56%3.04%1--
$240.00Oct 16$1.250.169.6%0.57%10.18%4760
$220.00Sep 25$4.000.470.5%1.83%2.31%362
$230.00Oct 9$1.300.275.0%0.59%5.64%81--
$235.00Oct 9$0.900.207.3%0.41%7.74%12
$225.00Sep 25$2.100.332.8%0.96%3.72%3--
$220.00Sep 18$3.000.470.5%1.37%1.85%8637
$225.00Sep 18$1.050.272.8%0.48%3.24%335

Current 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Prior's 5-Minute Volume Snapshots

Time (HH:MM) Total Volume Call Volume Put Volume Volume Change
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Current Put/Call Breakdown

Total Calls 824
Total Puts 362
Put/Call Ratio 0.44
Net Difference 462

Prior's Put/Call Breakdown

Total Calls 385
Total Puts 549
Put/Call Ratio 1.43
Net Difference -164

Prior 7-Day Put/Call Summary

Total Calls 4,520
Total Puts 3,561
Average Put/Call Ratio 0.98
Ratio Trend Falling

Daily Put/Call History (Last 7 Days)

Date Calls Puts Ratio Net Diff
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Upcoming Earnings - 2 Weeks Prior

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Upcoming Earnings - 1 Week Prior

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Earnings This Week

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Earnings - Day Before / Day After

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Options Activity Around Earnings

Ticker Earnings Date Days Away Call Volume Put Volume IV Rank
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Chart Title

Price — Past 7 Days

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