Tour v531
PGR
PROGRESSIVE CORP OH
$221.35 -0.26%
$222.01 (+0.30%)🌙
as of 10/21 06:39 PM
◀ 10/21 18:39 ▶

Option Volume

Detail
ℹ
Current (10/21) 1,190
Calls: 374 (31%)
Puts: 816 (69%)
Prior (10/20) 1,404
Calls: 614 (44%)
Puts: 790 (56%)
Current vs Prior -15.24%
Calls: -39.09% (Calls)
Puts: +3.29% (Puts)
Prior 7-Day Total 26,995
Calls: 13,862 (51%)
Puts: 13,133 (49%)
Prior 7-Day Average 3,856
Calls: 1,980 (51%)
Puts: 1,876 (49%)
Current vs Prior 7-Day Avg -69.14%
Calls: -81.11%
Puts: -56.51%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (10/21) $736.3K
Calls: $297.9K (40%)
Puts: $438.3K (60%)
Prior (10/20) $1.24M
Calls: $863.2K (70%)
Puts: $373.1K (30%)
Current vs Prior -40.45%
Calls: -65.49%
Puts: +17.49%
Prior 7-Day Total $16.54M
Calls: $12.86M (78%)
Puts: $3.68M (22%)
Prior 7-Day Average $2.36M
Calls: $1.84M (78%)
Puts: $526.0K (22%)
Current vs Prior 7-Day Avg -68.84%
Calls: -83.78%
Puts: -16.66%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (10/21) 2.18
Prior (10/20) 1.29
Current vs Prior +69.57%
Prior 7-Day Average 1.03
Current vs Prior 7-Day Avg +111.42%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (10/21) 17,827
Calls: 8,164 (46%)
Puts: 9,663 (54%)
Prior (10/20) 21,127
Calls: 12,953 (61%)
Puts: 8,174 (39%)
Current vs Prior -15.62%
Prior 7-Day Total 219,779
Calls: 117,682 (54%)
Puts: 102,097 (46%)
Prior 7-Day Average 31,397
Calls: 16,811 (54%)
Puts: 14,585 (46%)
Current vs Prior 7-Day Avg -43.22%
Sentiment BULLISH

Expected Move

Detail
ℹ
Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)
Current 2.25% | 3.77%6.21% | 9.13%
Prior 2.42% | 4.17%6.35% | 8.81%
Current vs Prior -7.38% | -9.49%-2.23% | +3.60%
Prior 7-Day Avg 3.20% | 4.56%5.12% | 8.54%
Current vs 7-Day Avg -29.87% | -17.23%+21.39% | +6.87%
Prior 7-Day Eod 2.42% | 4.17%6.35% | 8.81%
Current vs 7-Day Eod -7.38% | -9.49%-2.23% | +3.60%
Sentiment BULLISHBULLISH

Relative Spread

Detail
ℹ
Expiry | Next
Current 63.46% | 39.58%
Calls: 67.83% | 40.96%
Puts: 59.09% | 38.20%
Prior 63.46% | 39.58%
Calls: 67.83% | 40.96%
Puts: 59.09% | 38.20%
Current vs Prior +0.00% | +0.00%
Prior 7-Day Avg 47.14% | 27.77%
Calls: 48.10% | 29.17%
Puts: 46.17% | 26.37%
Current vs 7-Day Avg +34.63% | +42.55%
Liquidity Expensive
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🤖 AI Insights

Extreme bearish P/C ratio of 2.18 - heavy put buying. P/C ratio rising 70% - increased hedging/bearish positioning. Declining open interest (down 16%) 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 BULLISH
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 2 of results (avg 6.3%, best 6.0%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Oct 2340.3042.80$41.556.0%121.0012
$182.50Oct 2337.8040.40$39.106.6%120.9512
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. 19 found (avg delta 0.77, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$180.00Oct 2340.3042.80$41.556.0%121.0012
$195.00Oct 3025.0027.70$26.3510.2%21.00--
$215.00Oct 235.807.90$6.8530.7%20.96141
$182.50Oct 2337.8040.40$39.106.6%120.9512
$215.00Oct 307.008.80$7.9022.8%110.79--
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$250.00Oct 2326.9030.40$28.6512.2%80.89--
$247.50Oct 2325.0027.80$26.4010.6%80.88--
$235.00Nov 2713.2016.80$15.0024.0%30.762
$222.50Oct 231.452.90$2.1766.8%10.5841
$222.50Nov 63.906.10$5.0044.0%100.51--

Most actively traded options today. High liquidity = easy entry/exit. 57 active (total vol 659, top 200)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$235.00Oct 300.001.15$0.57201.8%260.117
$232.50Nov 60.702.00$1.3596.3%210.20--
$240.00Nov 200.851.25$1.0538.1%180.14--
$222.50Oct 230.452.10$1.28128.9%150.4279
$180.00Oct 2340.3042.80$41.556.0%121.0012
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$190.00Nov 200.151.20$0.68154.4%2000.06214
$195.00Oct 300.000.15$0.08187.5%940.02--
$220.00Nov 133.505.10$4.3037.2%690.4478
$217.50Oct 230.201.70$0.95157.9%150.2590
$212.50Oct 230.001.30$0.65200.0%110.14260

Term structure inversion — near-term IV higher than far-term IV at the same strike. Signals expected near-term catalyst or volatility event. 4 strikes (avg 13.4%, max 22.2%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Oct 23Nov 2027.0%22.1%22.2%3222
$225.00Oct 23Nov 2028.4%25.6%10.9%1077
$222.50Oct 23Nov 2026.5%26.3%0.9%1787
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$220.00Oct 23Nov 1327.0%22.6%19.5%7092

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 33 found (best R:R 8.09, avg 4.73)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$230.00$250.00Nov 27$2.20$17.80$2.2032%8.09$232.20
$217.50$222.50Nov 6$2.30$2.70$2.3066%1.17$219.80
$215.00$222.50Oct 30$4.47$3.03$4.4779%0.68$219.47
$227.50$230.00Nov 20$0.52$1.98$0.5237%3.81$228.02
$215.00$217.50Nov 6$1.55$0.95$1.5573%0.61$216.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$220.00$217.50Oct 23$0.10$2.40$0.1036%24.00$219.90
$210.00$190.00Nov 20$1.10$18.90$1.1020%17.18$208.90
$222.50$220.00Oct 23$1.12$1.38$1.1258%1.23$221.38
$210.00$205.00Nov 13$0.63$4.37$0.6319%6.94$209.37
$222.50$215.00Nov 6$2.95$4.55$2.9551%1.54$219.55

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 24 found (best R:R 0.06, avg 0.35)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$222.50$227.50Oct 30$2.20$2.20$2.8053%0.79$224.70
$222.50$225.00Nov 6$1.42$1.42$1.0851%1.31$223.92
$235.00$240.00Nov 20$0.95$0.95$4.0578%0.23$235.95
$230.00$235.00Nov 20$1.38$1.38$3.6268%0.38$231.38
$222.50$225.00Nov 20$1.25$1.25$1.2551%1.00$223.75
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$215.00$195.00Oct 30$1.10$1.10$18.9078%0.06$213.90
$212.50$210.00Oct 23$0.52$0.52$1.9886%0.26$211.98
$217.50$215.00Oct 23$0.70$0.70$1.8075%0.39$216.80
$220.00$215.00Oct 30$1.75$1.75$3.2558%0.54$218.25
$220.00$210.00Nov 13$2.82$2.82$7.1856%0.39$217.18

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 4 found (avg debit $2.84, cheapest $4.50)

CALLS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Oct 23Nov 20$4.5027.0%22.1%
$222.50Oct 23Oct 30$2.1526.5%28.1%
PUTS (2)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$220.00Oct 23Oct 30$1.8827.0%26.4%
$222.50Oct 23Nov 6$2.8326.5%27.3%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 7 found (cheapest 1.56% of stock, avg 3.18%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$222.50Oct 23$1.28$2.17$3.45$219.05$225.951.56%
$220.00Oct 23$2.80$1.05$3.85$216.15$223.851.74%
$217.50Oct 23$4.50$0.95$5.45$212.05$222.952.46%
$215.00Oct 23$6.85$0.25$7.10$207.90$222.103.21%
$215.00Oct 30$7.90$1.18$9.08$205.92$224.084.10%
$222.50Nov 6$4.75$5.00$9.75$212.75$232.254.40%
$215.00Nov 6$8.60$2.05$10.65$204.35$225.654.81%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 39 found (cheapest 0.22% of stock, avg 1.49%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$227.50$215.00Oct 23$0.23$0.25$0.48$214.52$227.98
$227.50$212.50Oct 23$0.23$0.65$0.88$211.62$228.38
$225.00$215.00Oct 23$0.60$0.25$0.85$214.15$225.85
$225.00$212.50Oct 23$0.60$0.65$1.25$211.25$226.25
$227.50$217.50Oct 23$0.23$0.95$1.18$216.32$228.68
$227.50$207.50Oct 23$0.23$1.10$1.33$206.17$228.83
$225.00$217.50Oct 23$0.60$0.95$1.55$215.95$226.55
$227.50$220.00Oct 23$0.23$1.05$1.28$218.72$228.78
$232.50$215.00Oct 30$0.45$1.18$1.63$213.37$234.13
$225.00$207.50Oct 23$0.60$1.10$1.70$205.80$226.70

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 8 found (best R:R 0.55, avg credit $1.51)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
210/212225/228Oct 23$0.89$1.6163%0.55$211.61$225.89
215/218225/228Oct 23$1.07$1.4352%0.75$216.43$226.07
195/215235/238Oct 30$1.27$18.7366%0.07$213.73$236.27
190/210240/242Nov 20$1.35$18.6566%0.07$208.65$241.35
190/210235/240Nov 20$2.05$17.9558%0.11$207.95$237.05
195/215230/232Oct 30$1.48$18.5260%0.08$213.52$231.48
195/215228/230Oct 30$1.50$18.5053%0.08$213.50$229.00
190/210230/235Nov 20$2.48$17.5247%0.14$207.52$232.48

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 12 found (best R:R 12.89, cheapest $0.15)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$217.50$220.00$222.50Oct 23$0.18$2.3235%12.89
$222.50$225.00$227.50Oct 23$0.31$2.1932%7.06
$230.00$235.00$240.00Nov 20$0.43$4.5719%10.63
$222.50$225.00$227.50Nov 20$0.20$2.3012%11.50
$235.00$237.50$240.00Oct 30$0.15$2.354%15.67
PUTS (3)
LowMidHighExpiryDebitMax GainPOPR:R
$217.50$220.00$222.50Oct 23$1.02$1.4833%1.45
$212.50$215.00$217.50Oct 23$1.10$1.4011%1.27
$207.50$210.00$212.50Oct 23$1.49$1.010%0.68

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 37 found (best net $-0.43, 19 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$225.00$230.001:2Nov 6-$0.43$4.57
$217.50$220.001:2Oct 23-$1.10$1.40
$235.00$240.001:2Nov 20-$0.10$4.90
$230.00$235.001:2Nov 20-$0.62$4.38
$217.50$222.501:2Nov 6-$2.45$2.55
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$205.001:2Nov 13-$0.22$4.78
$220.00$217.501:2Oct 23-$0.85$1.65
$215.00$212.501:2Oct 23-$1.05$1.45
$210.00$207.501:2Oct 23-$2.07$0.43
$222.50$215.001:2Nov 6$0.90$6.60

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 18 found (best yield 2.48%, avg 0.87%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$222.50Nov 20$5.500.490.5%2.48%3.00%28
$225.00Nov 20$4.100.431.6%1.85%3.50%2--
$227.50Nov 20$3.400.372.8%1.54%4.31%22
$230.00Nov 20$2.750.323.9%1.24%5.15%1--
$230.00Nov 27$2.500.333.9%1.13%5.04%16
$235.00Nov 20$1.700.226.2%0.77%6.93%7960
$225.00Nov 6$2.850.411.6%1.29%2.94%541
$222.50Nov 6$3.700.490.5%1.67%2.19%10--
$230.00Nov 6$1.350.263.9%0.61%4.52%210
$240.00Nov 20$0.850.148.4%0.38%8.81%18--

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 374
Total Puts 816
Put/Call Ratio 2.18
Net Difference -442

Prior's Put/Call Breakdown

Total Calls 614
Total Puts 790
Put/Call Ratio 1.29
Net Difference -176

Prior 7-Day Put/Call Summary

Total Calls 13,862
Total Puts 13,133
Average Put/Call Ratio 1.03
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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