Tour v528
PGR
PROGRESSIVE CORP OH
$221.31 +0.13%
$221.15 (-0.07%)🌙
as of 09/15 07:00 PM
9/15 19:00

Option Volume

Detail
Current (09/15) 1,328
Calls: 657 (49%)
Puts: 671 (51%)
Prior (09/11) 2,737
Calls: 1,056 (39%)
Puts: 1,681 (61%)
Current vs Prior -51.48%
Calls: -37.78% (Calls)
Puts: -60.08% (Puts)
Prior 7-Day Total 11,530
Calls: 7,242 (63%)
Puts: 4,288 (37%)
Prior 7-Day Average 1,647
Calls: 1,034 (63%)
Puts: 612 (37%)
Current vs Prior 7-Day Avg -19.38%
Calls: -36.50%
Puts: +9.54%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/15) $336.7K
Calls: $190.2K (56%)
Puts: $146.5K (44%)
Prior (09/11) $1.09M
Calls: $343.0K (31%)
Puts: $747.1K (69%)
Current vs Prior -69.12%
Calls: -44.56%
Puts: -80.39%
Prior 7-Day Total $5.27M
Calls: $3.48M (66%)
Puts: $1.79M (34%)
Prior 7-Day Average $752.3K
Calls: $496.8K (66%)
Puts: $255.5K (34%)
Current vs Prior 7-Day Avg -55.25%
Calls: -61.72%
Puts: -42.67%
Sentiment BULLISH

Put/Call Ratio

Detail
Current (09/15) 1.02
Prior (09/11) 1.59
Current vs Prior -35.84%
Prior 7-Day Average 0.71
Current vs Prior 7-Day Avg +42.91%
Sentiment BEARISH

Open Interest

Detail
Current (09/15) 13,074
Calls: 6,285 (48%)
Puts: 6,789 (52%)
Prior (09/11) 12,452
Calls: 7,635 (61%)
Puts: 4,817 (39%)
Current vs Prior +5.00%
Prior 7-Day Total 93,041
Calls: 61,987 (67%)
Puts: 31,054 (33%)
Prior 7-Day Average 13,291
Calls: 8,855 (67%)
Puts: 4,436 (33%)
Current vs Prior 7-Day Avg -1.64%
Sentiment BULLISH

Expected Move

Detail
Expiry (09/18) | Next (09/25)Expiry (09/18) | Next (10/16)
Current 3.01% | 4.07%3.01% | 8.79%
Prior 3.51% | 4.43%3.51% | 9.03%
Current vs Prior -14.17% | -8.29%-14.17% | -2.67%
Prior 7-Day Avg 2.46% | 3.87%4.10% | 9.35%
Current vs 7-Day Avg +22.30% | +5.21%-26.52% | -5.96%
Prior 7-Day Eod 3.51% | 4.43%3.51% | 9.03%
Current vs 7-Day Eod -14.17% | -8.29%-14.17% | -2.67%
Sentiment BULLISHBULLISH

Relative Spread

Detail
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

Light premium activity with dollar volume down 69% vs prior. Below-average activity with volume down 51% vs prior. Slightly bearish P/C ratio of 1.02. P/C ratio dropping 36% - sentiment shifting bullish.

Smart Money BULLISH
Retail Flow NEUTRAL
Overall MIXED
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BULLISH
Prior BEARISH
7-Day Avg BULLISH
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
Prior BEARISH
7-Day Avg NEUTRAL
Current NEUTRAL
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 -- of results (avg --%, best --%)

No options available for this category

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. 13 found (avg delta 0.69, highest 0.96)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Sep 1810.3012.00$11.1515.2%240.96--
$200.00Oct 1621.5023.90$22.7010.6%30.89--
$202.50Sep 1817.3019.70$18.5013.0%30.88--
$210.00Oct 1613.2015.60$14.4016.7%20.75--
$217.50Sep 184.005.40$4.7029.8%20.74328
PUTS (3)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$230.00Oct 910.2012.70$11.4521.8%10.721
$222.50Sep 254.204.80$4.5013.3%20.56--
$225.00Oct 308.1012.00$10.0538.8%10.55--

Most actively traded options today. High liquidity = easy entry/exit. 49 active (total vol 1.2K, top 248)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Sep 180.651.25$0.9563.2%2480.26328
$222.50Sep 181.452.20$1.8341.0%1300.4037
$230.00Sep 180.200.45$0.3375.8%260.101.8K
$210.00Sep 1810.3012.00$11.1515.2%240.96--
$220.00Sep 254.005.00$4.5022.2%220.5566
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Sep 181.502.40$1.9546.2%2190.44688
$200.00Oct 160.951.35$1.1534.8%1300.12112
$195.00Oct 160.501.50$1.00100.0%1030.09116
$212.50Sep 180.250.50$0.3865.8%760.1134
$190.00Sep 180.000.35$0.18194.4%200.03--

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 22.0%, max 24.1%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$222.50Sep 18Sep 2532.7%26.4%24.1%14238
$217.50Sep 18Sep 2530.6%24.8%23.3%4328
$220.00Sep 18Oct 929.5%24.2%22.2%211.1K
$225.00Sep 18Oct 231.6%26.4%19.6%249335
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$215.00Sep 18Sep 2532.1%26.5%20.9%20261

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 31 found (best R:R 0.86, avg 11.61)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$210.00$230.00Oct 16$10.75$9.25$10.7575%0.86$220.75
$230.00$235.00Oct 9$0.82$4.18$0.8228%5.10$230.82
$217.50$220.00Sep 18$1.52$0.98$1.5274%0.64$219.02
$217.50$220.00Sep 25$1.40$1.10$1.4066%0.79$218.90
$222.50$225.00Sep 25$0.83$1.67$0.8344%2.01$223.33
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$200.00$195.00Oct 16$0.15$4.85$0.1512%32.33$199.85
$212.50$205.00Sep 18$0.15$7.35$0.1511%49.00$212.35
$205.00$200.00Oct 2$0.18$4.82$0.1811%26.78$204.82
$210.00$205.00Sep 25$0.25$4.75$0.2514%19.00$209.75
$205.00$200.00Sep 25$0.13$4.87$0.138%37.46$204.87

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 23 found (best R:R 0.19, avg 0.18)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$222.50$225.00Sep 18$0.88$0.88$1.6260%0.54$223.38
$225.00$230.00Sep 25$1.23$1.23$3.7765%0.33$226.23
$230.00$240.00Oct 16$2.07$2.07$7.9368%0.26$232.07
$225.00$227.50Sep 18$0.45$0.45$2.0574%0.22$225.45
$230.00$237.50Sep 25$0.64$0.64$6.8681%0.09$230.64
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$212.50$205.00Oct 2$1.22$1.22$6.2875%0.19$211.28
$210.00$200.00Oct 16$1.58$1.58$8.4275%0.19$208.42
$215.00$210.00Sep 25$0.85$0.85$4.1574%0.20$214.15
$217.50$215.00Sep 18$0.50$0.50$2.0071%0.25$217.00
$220.00$217.50Sep 18$0.85$0.85$1.6556%0.52$219.15

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.29, cheapest $1.25)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$222.50Sep 18Sep 25$1.2532.7%26.4%
$220.00Sep 18Sep 25$1.3229.5%24.0%
PUTS (0)
No puts found

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 6 found (cheapest 2.32% of stock, avg 5.52%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$220.00Sep 18$3.18$1.95$5.13$214.87$225.132.32%
$217.50Sep 18$4.70$1.10$5.80$211.70$223.302.62%
$222.50Sep 25$3.08$4.50$7.58$214.92$230.083.43%
$230.00Oct 9$2.35$11.45$13.80$216.20$243.806.24%
$210.00Oct 16$14.40$2.73$17.13$192.87$227.137.74%
$200.00Oct 16$22.70$1.15$23.85$176.15$223.8510.78%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 57 found (cheapest 0.21% of stock, avg 1.03%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$232.50$205.00Sep 18$0.23$0.23$0.46$204.54$232.96
$230.00$205.00Sep 18$0.33$0.23$0.56$204.44$230.56
$232.50$212.50Sep 18$0.23$0.38$0.61$211.89$233.11
$230.00$212.50Sep 18$0.33$0.38$0.71$211.79$230.71
$240.00$200.00Sep 25$0.38$0.35$0.73$199.27$240.73
$237.50$200.00Sep 25$0.38$0.35$0.73$199.27$238.23
$227.50$205.00Sep 18$0.50$0.23$0.73$204.27$228.23
$237.50$205.00Sep 25$0.38$0.48$0.86$204.14$238.36
$240.00$205.00Sep 25$0.38$0.48$0.86$204.14$240.86
$227.50$212.50Sep 18$0.50$0.38$0.88$211.62$228.38

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 24 found (best R:R 0.15, avg credit $1.14)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
212/215230/232Sep 18$0.32$2.1873%0.15$214.68$230.32
215/218230/232Sep 18$0.60$1.9061%0.32$216.90$230.60
212/215225/228Sep 18$0.67$1.8357%0.37$214.33$225.67
215/218225/228Sep 18$0.95$1.5546%0.61$216.55$225.95
212/215228/230Sep 18$0.39$2.1167%0.18$214.61$227.89
215/218228/230Sep 18$0.67$1.8356%0.37$216.83$228.17
200/205225/230Sep 25$1.36$3.6457%0.37$203.64$226.36
205/210225/230Sep 25$1.48$3.5252%0.42$208.52$226.48
210/215225/230Sep 25$2.08$2.9239%0.71$212.92$227.08
205/212232/240Sep 18$0.28$7.2282%0.04$212.22$232.78

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 13.71, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$217.50$220.00$222.50Sep 18$0.17$2.3333%13.71
$230.00$240.00$250.00Oct 16$1.24$8.7624%7.06
$227.50$230.00$232.50Sep 18$0.07$2.438%34.71
$220.00$222.50$225.00Sep 18$0.47$2.0331%4.32
$222.50$225.00$227.50Sep 18$0.43$2.0725%4.81
PUTS (4)
LowMidHighExpiryDebitMax GainPOPR:R
$200.00$205.00$210.00Sep 25$0.12$4.888%40.67
$215.00$217.50$220.00Sep 18$0.35$2.1527%6.14
$212.50$215.00$217.50Sep 18$0.28$2.2218%7.93
$205.00$210.00$215.00Sep 25$0.60$4.4018%7.33

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 35 found (best net $-3.80, 22 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$202.50$210.001:2Sep 18-$3.80$3.70
$200.00$210.001:2Oct 16-$6.10$3.90
$220.00$222.501:2Sep 18-$0.48$2.02
$222.50$225.001:2Sep 18-$0.07$2.43
$225.00$227.501:2Sep 18-$0.05$2.45
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$220.00$217.501:2Sep 18-$0.25$2.25
$195.00$185.001:2Oct 16$0.00$10.00
$217.50$215.001:2Sep 18-$0.10$2.40
$212.50$205.001:2Sep 18-$0.08$7.42
$205.00$190.001:2Sep 18-$0.13$14.87

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 16 found (best yield 1.49%, avg 0.63%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Oct 30$3.300.353.9%1.49%5.42%19--
$230.00Oct 16$3.300.333.9%1.49%5.42%4--
$235.00Oct 23$1.500.266.2%0.68%6.86%106
$240.00Oct 16$1.350.178.4%0.61%9.06%101.5K
$230.00Oct 9$1.900.283.9%0.86%4.79%3--
$225.00Oct 2$2.500.381.7%1.13%2.80%17
$235.00Oct 9$0.600.196.2%0.27%6.46%26
$222.50Sep 25$2.650.440.5%1.20%1.74%121
$225.00Sep 25$1.650.351.7%0.75%2.41%344
$250.00Oct 16$0.200.0913.0%0.09%13.05%1659

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 657
Total Puts 671
Put/Call Ratio 1.02
Net Difference -14

Prior's Put/Call Breakdown

Total Calls 1,056
Total Puts 1,681
Put/Call Ratio 1.59
Net Difference -625

Prior 7-Day Put/Call Summary

Total Calls 7,242
Total Puts 4,288
Average Put/Call Ratio 0.71
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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