Tour v528
PGR
PROGRESSIVE CORP OH
$212.24 -0.58%
$211.77 (-0.22%)🌙
as of 09/21 06:53 PM
9/21 18:53

Option Volume

Detail
Current (09/21) 1,653
Calls: 664 (40%)
Puts: 989 (60%)
Prior (09/18) 1,300
Calls: 553 (43%)
Puts: 747 (57%)
Current vs Prior +27.15%
Calls: +20.07% (Calls)
Puts: +32.40% (Puts)
Prior 7-Day Total 12,304
Calls: 7,450 (61%)
Puts: 4,854 (39%)
Prior 7-Day Average 1,757
Calls: 1,064 (61%)
Puts: 693 (39%)
Current vs Prior 7-Day Avg -5.96%
Calls: -37.61%
Puts: +42.62%
Sentiment BEARISH

Dollar Volume

Detail
Current (09/21) $389.6K
Calls: $168.0K (43%)
Puts: $221.6K (57%)
Prior (09/18) $479.0K
Calls: $184.8K (39%)
Puts: $294.2K (61%)
Current vs Prior -18.68%
Calls: -9.14%
Puts: -24.68%
Prior 7-Day Total $5.28M
Calls: $3.27M (62%)
Puts: $2.01M (38%)
Prior 7-Day Average $754.8K
Calls: $467.7K (62%)
Puts: $287.1K (38%)
Current vs Prior 7-Day Avg -48.39%
Calls: -64.09%
Puts: -22.82%
Sentiment BEARISH

Put/Call Ratio

Detail
Current (09/21) 1.49
Prior (09/18) 1.35
Current vs Prior +10.26%
Prior 7-Day Average 0.78
Current vs Prior 7-Day Avg +91.05%
Sentiment BEARISH

Open Interest

Detail
Current (09/21) 15,925
Calls: 8,263 (52%)
Puts: 7,662 (48%)
Prior (09/18) 19,332
Calls: 11,682 (60%)
Puts: 7,650 (40%)
Current vs Prior -17.62%
Prior 7-Day Total 101,697
Calls: 62,572 (62%)
Puts: 39,125 (38%)
Prior 7-Day Average 14,528
Calls: 8,938 (62%)
Puts: 5,589 (38%)
Current vs Prior 7-Day Avg +9.61%
Sentiment BEARISH

Expected Move

Detail
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 3.03% | 4.05%6.10% | 9.68%
Prior 3.28% | 4.29%1.43% | 8.03%
Current vs Prior -7.61% | -5.46%+325.67% | +20.53%
Prior 7-Day Avg 2.81% | 4.14%3.45% | 9.06%
Current vs 7-Day Avg +7.92% | -2.22%+76.72% | +6.83%
Prior 7-Day Eod 3.28% | 4.29%1.43% | 8.03%
Current vs 7-Day Eod -7.61% | -5.46%+325.67% | +20.53%
Sentiment BULLISHBEARISH

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

Bearish P/C ratio of 1.49 indicates protective positioning. Declining open interest (down 18%) indicates positions being closed.

Smart Money BEARISH
Retail Flow BEARISH
Overall BEARISH
Dollar Volume
Option Volume
Put/Call Ratio
Open Interest
Expected Move
Current BEARISH
Prior BEARISH
7-Day Avg BULLISH
Current BEARISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BEARISH
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. 4 found (avg delta 0.62, highest 0.79)

CALLS (0)
No calls meet the criteria
PUTS (4)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Sep 254.906.60$5.7529.6%10.792
$215.00Sep 253.504.90$4.2033.3%10.66--
$212.50Sep 252.302.85$2.5821.3%310.523
$212.50Oct 94.205.00$4.6017.4%10.51--

Most actively traded options today. High liquidity = easy entry/exit. 60 active (total vol 1.2K, top 378)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Oct 161.652.00$1.8319.1%690.22--
$220.00Sep 250.250.40$0.3345.5%660.11126
$230.00Oct 160.901.20$1.0528.6%520.141.1K
$217.50Sep 250.500.95$0.7361.6%350.218
$220.00Oct 162.753.70$3.2329.4%320.33153
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Oct 161.651.90$1.7814.0%3780.20420
$190.00Oct 160.451.15$0.8087.5%2020.0969
$205.00Oct 20.951.55$1.2548.0%550.22--
$210.00Sep 251.302.10$1.7047.1%380.37550
$212.50Sep 252.302.85$2.5821.3%310.523

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 2 strikes (avg 16.6%, max 20.5%)

CALLS (0)
No calls found
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Sep 25Oct 3030.3%25.1%20.5%39551
$207.50Sep 25Oct 1629.9%26.5%12.8%18186

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 38 found (best R:R 8.09, avg 7.90)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$225.00$230.00Oct 23$0.55$4.45$0.5524%8.09$225.55
$230.00$240.00Oct 23$0.72$9.28$0.7218%12.89$230.72
$225.00$230.00Oct 9$0.20$4.80$0.2015%24.00$225.20
$212.50$215.00Oct 9$0.90$1.60$0.9049%1.78$213.40
$227.50$230.00Oct 16$0.20$2.30$0.2016%11.50$227.70
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$217.50$215.00Sep 25$1.55$0.95$1.5579%0.61$215.95
$200.00$195.00Oct 9$0.33$4.67$0.3316%14.15$199.67
$212.50$210.00Sep 25$0.88$1.62$0.8852%1.84$211.62
$205.00$200.00Oct 30$1.20$3.80$1.2032%3.17$203.80
$205.00$202.50Oct 2$0.35$2.15$0.3522%6.14$204.65

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 34 found (best R:R 0.50, avg 0.28)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$215.00$225.00Oct 9$2.60$2.60$7.4059%0.35$217.60
$232.50$240.00Oct 16$0.72$0.72$6.7887%0.11$233.22
$220.00$222.50Oct 16$0.90$0.90$1.6067%0.56$220.90
$225.00$227.50Oct 16$0.58$0.58$1.9278%0.30$225.58
$227.50$230.00Sep 25$0.18$0.18$2.3294%0.08$227.68
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$205.00$200.00Oct 23$1.67$1.67$3.3368%0.50$203.33
$207.50$205.00Oct 16$0.95$0.95$1.5564%0.61$206.55
$210.00$207.50Sep 25$0.80$0.80$1.7063%0.47$209.20
$210.00$205.00Oct 2$1.48$1.48$3.5259%0.42$208.52
$197.50$180.00Sep 25$0.20$0.20$17.3095%0.01$197.30

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 3 found (avg debit $1.72, cheapest $1.03)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$215.00Sep 25Oct 9$2.1029.2%26.0%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$210.00Sep 25Oct 2$1.0330.3%24.7%
$212.50Sep 25Oct 9$2.0228.4%25.0%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 3 found (cheapest 2.64% of stock, avg 3.31%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$215.00Sep 25$1.40$4.20$5.60$209.40$220.602.64%
$217.50Sep 25$0.73$5.75$6.48$211.02$223.983.05%
$212.50Oct 9$4.40$4.60$9.00$203.50$221.504.24%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 89 found (cheapest 0.23% of stock, avg 1.72%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$225.00$197.50Sep 25$0.25$0.23$0.48$197.02$225.48
$222.50$197.50Sep 25$0.28$0.23$0.51$196.99$223.01
$225.00$202.50Sep 25$0.25$0.30$0.55$201.95$225.55
$222.50$202.50Sep 25$0.28$0.30$0.58$201.92$223.08
$220.00$197.50Sep 25$0.33$0.23$0.56$196.94$220.56
$220.00$202.50Sep 25$0.33$0.30$0.63$201.87$220.63
$225.00$205.00Sep 25$0.25$0.55$0.80$204.20$225.80
$222.50$205.00Sep 25$0.28$0.55$0.83$204.17$223.33
$220.00$205.00Sep 25$0.33$0.55$0.88$204.12$220.88
$217.50$197.50Sep 25$0.73$0.23$0.96$196.54$218.46

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 31 found (best R:R 0.21, avg credit $1.19)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
202/205228/230Sep 25$0.43$2.0779%0.21$204.57$227.93
205/208228/230Sep 25$0.53$1.9771%0.27$206.97$228.03
202/205218/220Sep 25$0.65$1.8565%0.35$204.35$218.15
202/205215/218Sep 25$0.92$1.5852%0.58$204.08$215.92
202/205220/222Oct 2$0.75$1.7557%0.43$204.25$220.75
205/208218/220Sep 25$0.75$1.7556%0.43$206.75$218.25
200/205220/225Oct 23$2.89$2.1135%1.37$202.11$222.89
205/208215/218Sep 25$1.02$1.4843%0.69$206.48$216.02
200/205225/230Oct 23$2.22$2.7845%0.80$202.78$227.22
185/190232/240Oct 16$1.04$6.4678%0.16$188.96$233.54

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 17 found (best R:R 30.25, cheapest $0.08)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$215.00$217.50$220.00Sep 25$0.27$2.2323%8.26
$227.50$230.00$232.50Oct 16$0.17$2.334%13.71
$220.00$222.50$225.00Oct 2$0.30$2.209%7.33
$217.50$220.00$222.50Sep 25$0.35$2.1512%6.14
$220.00$225.00$230.00Oct 23$0.67$4.3315%6.46
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$207.50$210.00$212.50Sep 25$0.08$2.4228%30.25
$202.50$205.00$207.50Sep 25$0.10$2.4014%24.00
$205.00$207.50$210.00Oct 16$0.10$2.4013%24.00
$200.00$205.00$210.00Oct 9$0.68$4.3226%6.35
$195.00$200.00$205.00Oct 9$0.54$4.4616%8.26

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 45 found (best net $-0.40, 37 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$230.00$240.001:2Oct 23-$0.26$9.74
$215.00$220.001:2Oct 16-$1.26$3.74
$215.00$217.501:2Sep 25-$0.06$2.44
$220.00$225.001:2Oct 23-$1.03$3.97
$230.00$237.501:2Oct 2-$0.22$7.28
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$205.001:2Oct 9-$0.40$4.60
$205.00$200.001:2Oct 23-$0.16$4.84
$205.00$200.001:2Oct 9-$0.21$4.79
$210.00$207.501:2Sep 25-$0.10$2.40
$215.00$212.501:2Sep 25-$0.96$1.54

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 24 found (best yield 2.17%, avg 0.60%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$215.00Oct 16$4.600.451.3%2.17%3.47%2--
$220.00Oct 16$2.750.333.7%1.30%4.95%32153
$230.00Oct 30$1.600.208.4%0.75%9.12%2--
$220.00Oct 23$2.350.333.7%1.11%4.76%21
$225.00Oct 16$1.650.226.0%0.78%6.79%69--
$230.00Oct 23$1.200.188.4%0.57%8.93%1--
$222.50Oct 16$1.700.264.8%0.80%5.64%5--
$225.00Oct 23$1.300.246.0%0.61%6.62%113
$215.00Oct 9$3.200.411.3%1.51%2.81%140
$212.50Oct 9$3.800.490.1%1.79%1.91%1--

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 664
Total Puts 989
Put/Call Ratio 1.49
Net Difference -325

Prior's Put/Call Breakdown

Total Calls 553
Total Puts 747
Put/Call Ratio 1.35
Net Difference -194

Prior 7-Day Put/Call Summary

Total Calls 7,450
Total Puts 4,854
Average Put/Call Ratio 0.78
Ratio Trend Rising

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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