Tour v528
PGR
PROGRESSIVE CORP OH
$205.50 +1.65%
(9/24 18:58) ◀
|
Friday, September 25, 2026 (6:48pm)
January 2026
|
▶
◀ 9/25 18:48

Option Volume

Detail
ℹ
Current (09/25) 2,550
Calls: 757 (30%)
Puts: 1,793 (70%)
Prior (09/24) 1,575
Calls: 846 (54%)
Puts: 729 (46%)
Current vs Prior +61.90%
Calls: -10.52% (Calls)
Puts: +145.95% (Puts)
Prior 7-Day Total 12,288
Calls: 6,738 (55%)
Puts: 5,550 (45%)
Prior 7-Day Average 1,755
Calls: 962 (55%)
Puts: 792 (45%)
Current vs Prior 7-Day Avg +45.26%
Calls: -21.36%
Puts: +126.14%
Sentiment BEARISH

Dollar Volume

Detail
ℹ
Current (09/25) $949.7K
Calls: $387.1K (41%)
Puts: $562.6K (59%)
Prior (09/24) $1.44M
Calls: $566.2K (39%)
Puts: $872.6K (61%)
Current vs Prior -33.99%
Calls: -31.63%
Puts: -35.53%
Prior 7-Day Total $6.06M
Calls: $3.30M (54%)
Puts: $2.76M (46%)
Prior 7-Day Average $865.4K
Calls: $471.0K (54%)
Puts: $394.4K (46%)
Current vs Prior 7-Day Avg +9.73%
Calls: -17.82%
Puts: +42.63%
Sentiment BEARISH

Put/Call Ratio

Detail
ℹ
Current (09/25) 2.37
Prior (09/24) 0.86
Current vs Prior +174.87%
Prior 7-Day Average 0.99
Current vs Prior 7-Day Avg +140.38%
Sentiment BEARISH

Open Interest

Detail
ℹ
Current (09/25) 11,186
Calls: 6,360 (57%)
Puts: 4,826 (43%)
Prior (09/24) 13,169
Calls: 4,033 (31%)
Puts: 9,136 (69%)
Current vs Prior -15.06%
Prior 7-Day Total 102,644
Calls: 53,834 (52%)
Puts: 48,810 (48%)
Prior 7-Day Average 14,663
Calls: 7,690 (52%)
Puts: 6,972 (48%)
Current vs Prior 7-Day Avg -23.71%
Sentiment BEARISH

Expected Move

Detail
ℹ
Expiry (09/25) | Next (10/02)Expiry (10/16) | Next (11/20)
Current 1.62% | 3.58%6.23% | 9.66%
Prior 2.19% | 3.85%6.23% | 9.77%
Current vs Prior +63.23% | +15.70%-0.06% | -1.12%
Prior 7-Day Avg 2.76% | 4.09%4.03% | 9.08%
Current vs 7-Day Avg +29.77% | +8.94%+54.58% | +6.43%
Prior 7-Day Eod 2.19% | 3.85%6.23% | 9.77%
Current vs 7-Day Eod +63.23% | +15.70%-0.06% | -1.12%
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

Above-average activity with volume up 62% vs prior. Extreme bearish P/C ratio of 2.37 - heavy put buying. P/C ratio rising 175% - increased hedging/bearish positioning. Declining open interest (down 15%) 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 NEUTRAL
7-Day Avg NEUTRAL
Current BEARISH
Prior NEUTRAL
7-Day Avg NEUTRAL
Current BULLISH
Prior BEARISH
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 7.7%, best 7.7%)

CALLS (0)
No calls meet the criteria
PUTS (1)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Oct 167.508.10$7.807.7%1200.621.0K

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. 20 found (avg delta 0.68, highest 1.00)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$200.00Sep 253.806.60$5.2053.8%21.002
$202.50Sep 251.803.60$2.7066.7%230.8921
$200.00Oct 25.507.80$6.6534.6%110.7810
$200.00Oct 95.808.70$7.2540.0%10.70--
$200.00Oct 168.2010.00$9.1019.8%30.675
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$207.50Sep 251.553.60$2.5879.5%160.95209
$210.00Sep 253.205.70$4.4556.2%40.84480
$210.00Oct 24.706.70$5.7035.1%10.72--
$210.00Oct 95.508.30$6.9040.6%10.68294
$210.00Oct 167.508.10$7.807.7%1200.621.0K

Most actively traded options today. High liquidity = easy entry/exit. 71 active (total vol 777, top 120)

CALLS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$220.00Oct 231.351.85$1.6031.2%1130.193
$215.00Oct 20.250.50$0.3865.8%630.1176
$205.00Oct 306.708.30$7.5021.3%450.52--
$217.50Oct 161.201.90$1.5545.2%280.20129
$202.50Sep 251.803.60$2.7066.7%230.8921
PUTS (5)
StrikeExpiryBidAskMarkSpreadVolDeltaOI
$210.00Oct 167.508.10$7.807.7%1200.621.0K
$205.00Sep 250.050.50$0.28160.7%350.3476
$205.00Oct 92.854.60$3.7247.0%290.48282
$200.00Oct 20.751.15$0.9542.1%180.22352
$207.50Sep 251.553.60$2.5879.5%160.95209

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 815.2%, max 1865.7%)

CALLS (3)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$212.50Sep 25Oct 16566.1%28.8%1865.7%447
$210.00Sep 25Oct 16288.0%28.2%921.4%9256
$205.00Sep 25Oct 3076.8%26.5%189.7%4732
PUTS (2)
StrikeNear ExpFar ExpNear IVFar IVBack%VolOI
$210.00Sep 25Oct 16288.0%28.2%921.4%1241.5K
$205.00Sep 25Oct 1676.8%27.6%178.0%41121

Bull call spreads & bear put spreads with the best risk/reward ratios. Pay a debit upfront, defined max loss. 41 found (best R:R 1.00, avg 5.62)

BULL CALL (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$222.50$230.00Oct 16$0.43$7.07$0.4313%16.44$222.93
$210.00$215.00Oct 9$0.90$4.10$0.9032%4.56$210.90
$210.00$212.50Oct 16$0.70$1.80$0.7038%2.57$210.70
$205.00$207.50Oct 2$1.00$1.50$1.0053%1.50$206.00
$200.00$202.50Oct 9$1.55$0.95$1.5570%0.61$201.55
BEAR PUT (5)
BuySellExpiryDebitMax GainMax LossPOPR:RBE
$210.00$205.00Oct 16$2.50$2.50$2.5062%1.00$207.50
$210.00$207.50Oct 2$1.45$1.05$1.4572%0.72$208.55
$205.00$202.50Oct 9$0.87$1.63$0.8748%1.87$204.13
$195.00$190.00Oct 23$0.75$4.25$0.7525%5.67$194.25
$195.00$185.00Oct 2$0.22$9.78$0.2210%44.45$194.78

Bear call spreads & bull put spreads collecting premium. Receive credit upfront, profit if stock stays in range. 29 found (best R:R 0.75, avg 0.29)

BEAR CALL (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$212.50$215.00Sep 25$1.07$1.07$1.4378%0.75$213.57
$217.50$220.00Oct 16$0.60$0.60$1.9080%0.32$218.10
$215.00$220.00Oct 23$1.28$1.28$3.7271%0.34$216.28
$207.50$210.00Oct 9$1.06$1.06$1.4458%0.74$208.56
$212.50$217.50Oct 16$1.28$1.28$3.7268%0.34$213.78
BULL PUT (5)
SellBuyExpiryCreditMax GainMax LossPOPR:RBE
$200.00$195.00Oct 9$1.18$1.18$3.8270%0.31$198.82
$202.50$200.00Oct 2$0.78$0.78$1.7266%0.45$201.72
$195.00$192.50Oct 9$0.37$0.37$2.1384%0.17$194.63
$205.00$195.00Oct 16$3.17$3.17$6.8352%0.46$201.83
$202.50$200.00Sep 25$0.10$0.10$2.4089%0.04$202.40

Same strike, different expirations. Sell near-term, buy far-term. Profits from time decay differential. 2 found (avg debit $2.30, cheapest $2.25)

CALLS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$205.00Sep 25Oct 2$2.3576.8%24.2%
PUTS (1)
StrikeNear ExpFar ExpNet DebitNear IVFar IV
$205.00Sep 25Oct 2$2.2576.8%24.2%

Buy call + put at the same strike and expiry. Profits from large moves in either direction. 17 found (cheapest 0.50% of stock, avg 3.29%)

StrikeExpiryCall$Put$TotalBE LowBE HighCost%
$205.00Sep 25$0.75$0.28$1.03$203.97$206.030.50%
$207.50Sep 25$0.03$2.58$2.61$204.89$210.111.27%
$202.50Sep 25$2.70$0.13$2.83$199.67$205.331.38%
$210.00Sep 25$0.38$4.45$4.83$205.17$214.832.35%
$200.00Sep 25$5.20$0.03$5.23$194.77$205.232.55%
$205.00Oct 2$3.10$2.53$5.63$199.37$210.632.74%
$207.50Oct 2$2.10$4.25$6.35$201.15$213.853.09%
$202.50Oct 2$4.95$1.73$6.68$195.82$209.183.25%
$210.00Oct 2$1.27$5.70$6.97$203.03$216.973.39%
$200.00Oct 2$6.65$0.95$7.60$192.40$207.603.70%

Buy OTM call + OTM put at different strikes. Cheaper than straddles, needs bigger move to profit. 71 found (cheapest 0.25% of stock, avg 1.50%)

Call KPut KExpiryCall$Put$TotalBE LowBE High
$210.00$202.50Sep 25$0.38$0.13$0.51$201.99$210.51
$220.00$195.00Oct 2$0.30$0.40$0.70$194.30$220.70
$215.00$195.00Oct 2$0.38$0.40$0.78$194.22$215.78
$210.00$205.00Sep 25$0.38$0.28$0.66$204.34$210.66
$225.00$192.50Oct 9$0.28$0.58$0.86$191.64$225.86
$220.00$197.50Oct 2$0.30$0.63$0.93$196.57$220.93
$215.00$197.50Oct 2$0.38$0.63$1.01$196.49$216.01
$212.50$195.00Oct 2$0.70$0.40$1.10$193.90$213.60
$240.00$202.50Sep 25$1.08$0.13$1.21$201.29$241.21
$212.50$197.50Oct 2$0.70$0.63$1.33$196.17$213.83

Sell OTM put spread + OTM call spread. Collect premium, profit if stock stays between breakevens. 19 found (best R:R 0.88, avg credit $1.03)

Put SpreadCall SpreadExpiryCreditMax LossPOPR:RBE LowBE High
200/202212/215Sep 25$1.17$1.3367%0.88$201.33$213.67
200/202220/222Oct 2$0.90$1.6059%0.56$201.60$220.90
202/205212/215Sep 25$1.22$1.2843%0.95$203.78$213.72
200/202212/215Oct 2$1.10$1.4048%0.79$201.40$213.60
200/202210/212Oct 2$1.35$1.1538%1.17$201.15$211.35
195/198220/222Oct 2$0.35$2.1578%0.16$197.15$220.35
195/198212/215Oct 2$0.55$1.9567%0.28$196.95$213.05
195/198210/212Oct 2$0.80$1.7057%0.47$196.70$210.80
198/200220/222Oct 2$0.44$2.0671%0.21$199.56$220.44
198/200212/215Oct 2$0.64$1.8660%0.34$199.36$213.14

Buy lower + upper strikes, sell 2x middle strike. Low cost, max profit at the middle strike at expiry. 24 found (best R:R 49.00, cheapest $0.05)

CALLS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$202.50$205.00$207.50Sep 25$1.23$1.2784%1.03
$200.00$205.00$210.00Oct 16$0.63$4.3729%6.94
$205.00$207.50$210.00Oct 2$0.17$2.3325%13.71
$200.00$202.50$205.00Oct 9$0.10$2.4018%24.00
$202.50$205.00$207.50Oct 9$0.18$2.3220%12.89
PUTS (5)
LowMidHighExpiryDebitMax GainPOPR:R
$200.00$202.50$205.00Sep 25$0.05$2.4532%49.00
$200.00$202.50$205.00Oct 9$0.15$2.3518%15.67
$195.00$197.50$200.00Oct 2$0.09$2.4112%26.78
$202.50$205.00$207.50Oct 9$0.31$2.1920%7.06
$197.50$200.00$202.50Oct 2$0.46$2.0419%4.43

Buy 1 option, sell 2 at a different strike (1:2 ratio). Can be entered for a credit. Unlimited risk on naked leg. 53 found (best net $-0.20, 41 credits)

CALLS (5)
Buy KSell KRatioExpiryNetMax Gain
$200.00$202.501:2Sep 25-$0.20$2.30
$205.00$210.001:2Oct 16-$1.06$3.94
$210.00$215.001:2Oct 9-$0.12$4.88
$212.50$217.501:2Oct 16-$0.27$4.73
$215.00$220.001:2Oct 23-$0.32$4.68
PUTS (5)
Buy KSell KRatioExpiryNetMax Gain
$210.00$207.501:2Sep 25-$0.71$1.79
$207.50$205.001:2Oct 2-$0.81$1.69
$202.50$200.001:2Oct 2-$0.17$2.33
$200.00$197.501:2Oct 2-$0.31$2.19
$197.50$195.001:2Oct 2-$0.17$2.33

Sell OTM calls against 100 shares you own. Collect premium for income, capped upside at strike. Yield% = premium/stock price. 20 found (best yield 1.34%, avg 0.68%)

StrikeExpiryBidDeltaOTM%Yield%If Called%VolOI
$215.00Oct 30$2.750.314.6%1.34%5.96%29
$215.00Nov 6$2.700.314.6%1.31%5.94%1--
$220.00Nov 6$1.700.237.1%0.83%7.88%1--
$215.00Oct 23$2.150.294.6%1.05%5.67%78
$212.50Oct 16$2.450.323.4%1.19%4.60%1--
$210.00Oct 16$2.650.382.2%1.29%3.48%3147
$220.00Oct 23$1.350.197.1%0.66%7.71%1133
$220.00Oct 30$0.850.227.1%0.41%7.47%92
$217.50Oct 16$1.200.205.8%0.58%6.42%28129
$225.00Oct 30$0.650.149.5%0.32%9.81%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 757
Total Puts 1,793
Put/Call Ratio 2.37
Net Difference -1,036

Prior's Put/Call Breakdown

Total Calls 846
Total Puts 729
Put/Call Ratio 0.86
Net Difference 117

Prior 7-Day Put/Call Summary

Total Calls 6,738
Total Puts 5,550
Average Put/Call Ratio 0.99
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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