Tour v531
PGR
PROGRESSIVE CORP OH
$229.62 +3.74%
$229.92 (+0.13%)🌙
as of 10/22 06:47 PM
(10/21 18:39) ◀
|
Thursday, October 22, 2026 (6:47pm)
January 2026
|
▶ (10/23 18:45)
◀ 10/22 18:47 ▶

Option Volume

Detail
ℹ
Current (10/22) 3,642
Calls: 2,555 (70%)
Puts: 1,087 (30%)
Prior (10/21) 1,190
Calls: 374 (31%)
Puts: 816 (69%)
Current vs Prior +206.05%
Calls: +583.16% (Calls)
Puts: +33.21% (Puts)
Prior 7-Day Total 26,438
Calls: 13,075 (49%)
Puts: 13,363 (51%)
Prior 7-Day Average 3,776
Calls: 1,867 (49%)
Puts: 1,909 (51%)
Current vs Prior 7-Day Avg -3.57%
Calls: +36.79%
Puts: -43.06%
Sentiment BULLISH

Dollar Volume

Detail
ℹ
Current (10/22) $2.14M
Calls: $1.28M (60%)
Puts: $861.0K (40%)
Prior (10/21) $736.3K
Calls: $297.9K (40%)
Puts: $438.3K (60%)
Current vs Prior +190.91%
Calls: +329.93%
Puts: +96.43%
Prior 7-Day Total $16.68M
Calls: $12.69M (76%)
Puts: $3.99M (24%)
Prior 7-Day Average $2.38M
Calls: $1.81M (76%)
Puts: $569.5K (24%)
Current vs Prior 7-Day Avg -10.11%
Calls: -29.37%
Puts: +51.20%
Sentiment BULLISH

Put/Call Ratio

Detail
ℹ
Current (10/22) 0.43
Prior (10/21) 2.18
Current vs Prior -80.50%
Prior 7-Day Average 1.27
Current vs Prior 7-Day Avg -66.55%
Sentiment BULLISH

Open Interest

Detail
ℹ
Current (10/22) 24,206
Calls: 14,645 (61%)
Puts: 9,561 (39%)
Prior (10/21) 17,827
Calls: 8,164 (46%)
Puts: 9,663 (54%)
Current vs Prior +35.78%
Prior 7-Day Total 216,327
Calls: 114,256 (53%)
Puts: 102,071 (47%)
Prior 7-Day Average 30,903
Calls: 16,322 (53%)
Puts: 14,581 (47%)
Current vs Prior 7-Day Avg -21.67%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (10/23) | Next (10/30)Expiry (11/20) | Next (12/18)
Current 2.11% | 3.61%6.68% | 9.15%
Prior 2.25% | 3.77%6.21% | 9.13%
Current vs Prior -5.93% | -4.18%+7.62% | +0.22%
Prior 7-Day Avg 3.18% | 4.44%5.35% | 8.61%
Current vs 7-Day Avg -33.62% | -18.65%+24.92% | +6.28%
Prior 7-Day Eod 2.25% | 3.77%6.21% | 9.13%
Current vs 7-Day Eod -5.93% | -4.18%+7.62% | +0.22%
Sentiment BULLISHBEARISH

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 51.77% | 31.74%
Calls: 54.22% | 33.30%
Puts: 49.32% | 30.18%
Current vs 7-Day Avg +22.58% | +24.72%
Liquidity Expensive
+
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🤖 AI Insights

Massive premium surge with dollar volume up 191% vs prior. Unusually high activity with volume up 206% vs prior - elevated interest. Extreme bullish P/C ratio of 0.43 - heavy call buying (2,555 calls vs 1,087 puts). P/C ratio dropping 80% - 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 BEARISH
7-Day Avg BULLISH
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
7-Day Avg NEUTRAL
Current BULLISH
Prior NEUTRAL
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 7.3%, best 7.2%)

CALLS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Nov 2029.5031.70$30.607.2%60.9431
$230.00Nov 206.507.00$6.757.4%250.50390
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. 24 found (avg delta 0.82, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Oct 2318.0020.20$19.1011.5%11.00--
$215.00Oct 2313.6016.00$14.8016.2%41.00139
$217.50Oct 2310.5012.60$11.5518.2%141.0068
$220.00Oct 238.1010.60$9.3526.7%411.00221
$222.50Oct 236.008.20$7.1031.0%111.00--
PUTS (2)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$232.50Oct 233.004.80$3.9046.2%30.84--
$230.00Oct 231.153.30$2.2296.8%20.62--

Most actively traded options today. High liquidity = easy entry/exit. 78 active (total vol 754, top 89)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$225.00Nov 208.9010.20$9.5513.6%560.62633
$220.00Oct 238.1010.60$9.3526.7%411.00221
$235.00Nov 62.153.20$2.6839.2%410.3339
$240.00Nov 202.703.20$2.9516.9%370.28555
$235.00Nov 204.305.10$4.7017.0%280.39964
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$217.50Oct 300.000.75$0.38197.4%890.092
$225.00Oct 230.050.70$0.38171.1%380.174
$217.50Nov 202.052.55$2.3021.7%300.231
$220.00Oct 300.350.80$0.5778.9%200.134
$195.00Nov 200.000.65$0.33197.0%160.04514

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 23.3%, max 42.4%)

CALLS (4)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$227.50Oct 23Nov 2032.8%23.2%41.5%16116
$230.00Oct 23Dec 432.6%26.6%22.7%24178
$232.50Oct 23Nov 631.8%28.9%9.8%552
$235.00Oct 30Nov 2726.9%26.8%0.3%333
PUTS (1)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$225.00Oct 23Nov 2035.8%25.1%42.4%4079

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 0.55, avg 4.71)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$215.00$232.50Nov 6$11.32$6.18$11.3291%0.55$226.32
$225.00$227.50Nov 20$0.95$1.55$0.9562%1.63$225.95
$235.00$240.00Nov 6$0.75$4.25$0.7533%5.67$235.75
$232.50$235.00Oct 30$0.20$2.30$0.2034%11.50$232.70
$220.00$225.00Nov 20$3.05$1.95$3.0574%0.64$223.05
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$227.50$225.00Nov 20$0.60$1.90$0.6044%3.17$226.90
$225.00$222.50Oct 30$0.29$2.21$0.2928%7.62$224.71
$215.00$212.50Nov 20$0.27$2.23$0.2718%8.26$214.73
$220.00$217.50Oct 30$0.19$2.31$0.1913%12.16$219.81
$220.00$217.50Nov 20$0.55$1.95$0.5527%3.55$219.45

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 32 found (best R:R 0.13, avg 0.36)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$240.00$255.00Nov 6$1.70$1.70$13.3076%0.13$241.70
$240.00$245.00Nov 13$1.37$1.37$3.6375%0.38$241.37
$237.50$240.00Oct 30$0.83$0.83$1.6777%0.50$238.33
$242.50$245.00Nov 20$1.00$1.00$1.5074%0.67$243.50
$230.00$232.50Oct 30$1.35$1.35$1.1553%1.17$231.35
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$210.00$205.00Nov 20$0.95$0.95$4.0586%0.23$209.05
$220.00$215.00Nov 13$1.43$1.43$3.5773%0.40$218.57
$227.50$225.00Oct 30$1.28$1.28$1.2259%1.05$226.22
$222.50$217.50Nov 6$1.18$1.18$3.8272%0.31$221.32
$217.50$215.00Nov 20$0.65$0.65$1.8577%0.35$216.85

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $1.80, cheapest $1.62)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$230.00Oct 23Oct 30$1.9832.6%25.3%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$227.50Oct 23Oct 30$1.6232.8%24.6%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 1.41% of stock, avg 4.56%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$230.00Oct 23$1.02$2.22$3.24$226.76$233.241.41%
$227.50Oct 23$2.63$0.93$3.56$223.94$231.061.55%
$232.50Oct 23$0.30$3.90$4.20$228.30$236.701.83%
$225.00Oct 23$4.60$0.38$4.98$220.02$229.982.17%
$227.50Oct 30$4.60$2.55$7.15$220.35$234.653.11%
$222.50Oct 23$7.10$0.08$7.18$215.32$229.683.13%
$225.00Oct 30$6.00$1.27$7.27$217.73$232.273.17%
$222.50Oct 30$8.15$0.98$9.13$213.37$231.633.98%
$220.00Oct 23$9.35$0.15$9.50$210.50$229.504.14%
$220.00Oct 30$10.20$0.57$10.77$209.23$230.774.69%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 70 found (cheapest 0.20% of stock, avg 1.94%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$232.50$220.00Oct 23$0.30$0.15$0.45$219.55$232.95
$232.50$225.00Oct 23$0.30$0.38$0.68$224.32$233.18
$240.00$217.50Oct 30$0.55$0.38$0.93$216.57$240.93
$240.00$220.00Oct 30$0.55$0.57$1.12$218.88$241.12
$245.00$205.00Nov 13$0.88$0.45$1.33$203.67$246.33
$232.50$227.50Oct 23$0.30$0.93$1.23$226.27$233.73
$240.00$222.50Oct 30$0.55$0.98$1.53$220.97$241.53
$230.00$220.00Oct 23$1.02$0.15$1.17$218.83$231.17
$230.00$225.00Oct 23$1.02$0.38$1.40$223.60$231.40
$237.50$217.50Oct 30$1.38$0.38$1.76$215.74$239.26

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 26 found (best R:R 1.94, avg credit $1.18)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
215/218242/245Nov 20$1.65$0.8551%1.94$215.85$244.15
215/218238/240Oct 30$1.01$1.4968%0.68$216.49$238.51
218/220242/245Nov 20$1.55$0.9547%1.63$218.45$244.05
215/220240/245Nov 13$2.80$2.2048%1.27$217.20$242.80
212/215242/245Nov 20$1.27$1.2356%1.03$213.73$243.77
220/222238/240Oct 30$1.24$1.2657%0.98$221.26$238.74
218/220238/240Oct 30$1.02$1.4864%0.69$218.98$238.52
205/210242/245Nov 20$1.95$3.0559%0.64$208.05$244.45
222/225238/240Oct 30$1.12$1.3850%0.81$223.88$238.62
205/210245/250Nov 20$1.45$3.5565%0.41$208.55$246.45

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 26 found (best R:R 5.94, cheapest $0.07)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$225.00$227.50$230.00Oct 23$0.36$2.1458%5.94
$230.00$235.00$240.00Nov 27$0.25$4.7520%19.00
$230.00$235.00$240.00Nov 20$0.30$4.7021%15.67
$227.50$230.00$232.50Oct 23$0.89$1.6164%1.81
$210.00$215.00$220.00Nov 20$0.20$4.8013%24.00
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$227.50$230.00$232.50Oct 23$0.39$2.1148%5.41
$222.50$225.00$227.50Oct 23$0.25$2.2531%9.00
$225.00$227.50$230.00Oct 23$0.74$1.7645%2.38
$215.00$217.50$220.00Oct 23$0.07$2.433%34.71
$217.50$220.00$222.50Oct 30$0.22$2.2812%10.36

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 $-0.66, 34 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$225.00$227.501:2Oct 23-$0.66$1.84
$230.00$232.501:2Oct 30-$0.30$2.20
$222.50$225.001:2Oct 23-$2.10$0.40
$235.00$240.001:2Nov 20-$1.20$3.80
$240.00$245.001:2Oct 30-$0.21$4.79
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$232.50$230.001:2Oct 23-$0.54$1.96
$215.00$195.001:2Oct 30-$0.30$19.70
$225.00$220.001:2Nov 20-$1.20$3.80
$222.50$220.001:2Oct 30-$0.16$2.34
$200.00$195.001:2Nov 20-$0.03$4.97

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 21 found (best yield 2.87%, avg 1.02%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$230.00Nov 27$6.600.510.2%2.87%3.04%1--
$230.00Nov 20$6.500.500.2%2.83%3.00%25390
$235.00Nov 27$4.400.412.3%1.92%4.26%2--
$230.00Dec 4$6.400.500.2%2.79%2.95%2--
$235.00Nov 20$4.300.392.3%1.87%4.22%28964
$240.00Nov 20$2.700.284.5%1.18%5.70%37555
$242.50Nov 20$2.100.265.6%0.91%6.52%1--
$240.00Nov 27$1.800.314.5%0.78%5.30%528
$245.00Nov 20$1.550.206.7%0.68%7.37%6186
$232.50Nov 6$2.850.411.2%1.24%2.50%122

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 2,555
Total Puts 1,087
Put/Call Ratio 0.43
Net Difference 1,468

Prior's Put/Call Breakdown

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

Prior 7-Day Put/Call Summary

Total Calls 13,075
Total Puts 13,363
Average Put/Call Ratio 1.27
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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