Ticker Options Intelligence

PGR options intelligence

Progressive Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 29 Jul 2026 Checked 30 Jul 2026 04:42 · complete available chain

Put-side pressure

Bearish pressure

PGR currently carries bearish options pressure with a 51/100 conviction score. The nearest-chain expected move is 3.1%, with volume/open-interest participation at 0.05.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Chart Weekly report
Primary read Bearish

Put-side pressure

Expected move 3.1%

Near-term move context

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 4.17

Put-side skew

Trend fit 48

Options are not fully confirming trend

Weekly backdrop +2.8%

RS -6.9

Expected move 3.1%
Put-call volume 4.17
Volume / OI 0.05
Reference IV 0.41
Max pain 212.50
Underlying 213.83
Nearest expiry 31 Jul 2026
Contracts 1210

Options Intent Radar

Put-heavy activity

78/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $550966 of estimated gross traded notional, calls · 91+ days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-61
1W price+2.8%
Call premium48%
Put premium52%
Notional split C 48% / P 52% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 48/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 235 contracts traded, $143180 estimated gross traded notional, and 26% of visible notional.
$143180
Puts · 22-45 days · OTM puts cluster with 1140 contracts traded, $78092 estimated gross traded notional, and 14% of visible notional.
$78092
Calls · 22-45 days · OTM calls cluster with 103 contracts traded, $42310 estimated gross traded notional, and 8% of visible notional.
$42310
Puts · 0-7 days · ATM puts cluster with 517 contracts traded, $39888 estimated gross traded notional, and 7% of visible notional.
$39888
Puts · 91+ days · OTM puts cluster with 88 contracts traded, $38520 estimated gross traded notional, and 7% of visible notional.
$38520

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close213.83
1W+2.8%
RS-6.9
Fair value+4.3%
Options pressure-61
Speculation41
Volatility41
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 3.1% elevated
30d avg 3.0% · 1 read 100th
90d avg 3.0% · 1 read 100th
180d avg 3.0% · 1 read 100th
IV 0.41 elevated
30d avg 0.36 · 1 read 100th
90d avg 0.36 · 1 read 100th
180d avg 0.36 · 1 read 100th
Put-call 4.17 elevated
30d avg 0.74 · 1 read 100th
90d avg 0.74 · 1 read 100th
180d avg 0.74 · 1 read 100th
Volume/OI 0.05 muted
30d avg 0.07 · 1 read 0th
90d avg 0.07 · 1 read 0th
180d avg 0.07 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:02 Mixed
Pressure 16
Move 3.0%
30 Jul 03:42 Bearish
Pressure -61
Move 3.1%

Strike Map

Where activity is clustering

Full strike map
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike130.00
Calls · V 0 · OI 4
Puts · V 0 · OI 4
Strike135.00
Calls · V 0 · OI 4
Puts · V 1 · OI 2
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike150.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts106
Avg IV0.41
Put-call4.16
Expiry7 Aug 2026
Contracts100
Avg IV0.31
Put-call6.15
Expiry14 Aug 2026
Contracts96
Avg IV0.28
Put-call24.17
Expiry21 Aug 2026
Contracts108
Avg IV0.29
Put-call11.29
Expiry28 Aug 2026
Contracts76
Avg IV0.28
Put-call0.20

Skew

Call/put IV balance

OTM demand
31 Jul 2026Balanced skew
Call IV0.38
Put IV0.38
Skew-
7 Aug 2026Balanced skew
Call IV0.31
Put IV0.30
Skew-0.01
14 Aug 2026Balanced skew
Call IV0.30
Put IV0.28
Skew-0.02
21 Aug 2026Balanced skew
Call IV0.29
Put IV0.29
Skew-
28 Aug 2026Balanced skew
Call IV0.29
Put IV0.27
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractPGR260821P00200000
SidePut
Expiry21 Aug 2026
Strike200.00
Volume865
OI440
IV0.31
ContractPGR260731P00215000
SidePut
Expiry31 Jul 2026
Strike215.00
Volume508
OI532
IV0.40
ContractPGR260807P00210000
SidePut
Expiry7 Aug 2026
Strike210.00
Volume200
OI222
IV0.30
ContractPGR260821P00185000
SidePut
Expiry21 Aug 2026
Strike185.00
Volume156
OI1064
IV0.41
ContractPGR260814P00205000
SidePut
Expiry14 Aug 2026
Strike205.00
Volume116
OI53
IV0.31
ContractPGR260731C00230000
SideCall
Expiry31 Jul 2026
Strike230.00
Volume88
OI17
IV0.45
ContractPGR260918P00210000
SidePut
Expiry18 Sep 2026
Strike210.00
Volume85
OI173
IV0.28
ContractPGR260821C00225000
SideCall
Expiry21 Aug 2026
Strike225.00
Volume64
OI1051
IV0.28