AJG options flow: unusual options activity in Arthur J. Gallagher & Co.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 10 unusual options prints in Arthur J. Gallagher & Co. (AJG), $446K of tracked premium, leaning firmly bullish. Bullish premium was $321K against $99K bearish; $116K went into calls and $330K into puts, a put call ratio of 2.86. The largest print was $65K of AJG 20 Nov 2026 $280 puts on 22 September 2026, swept at bid. The last session with prints, 22 September 2026, added 8 prints and $379K of premium. AJG closed at $231.10 on 25 September 2026, up 1.7%.

This week's unusual flow

Unusual prints10
Tracked premium$446K
Net premium+$222K
Bullish premium$321K
Bearish premium$99K
Call premium$116K
Put premium$330K
P/C ratio2.86
Sweeps50%
Size over OI5
Whale prints0
High conviction3

Prints from 21 September 2026 to 22 September 2026, 2 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
22 Sep 2026AJG 20 Nov 2026 $280 putsSweep130$65KAt bidBullishNotable
22 Sep 2026AJG 20 Nov 2026 $270 putsSweep154$61KAt bidBullishHigh conviction
22 Sep 2026AJG 20 Nov 2026 $280 putsSweep120$60KAt askBearishHigh conviction
22 Sep 2026AJG 16 Apr 2027 $260 callsTrade4042$55KAt askBullishNotable
22 Sep 2026AJG 16 Oct 2026 $280 putsTrade1013$50KAt bidBullish
21 Sep 2026AJG 20 Nov 2026 $220 putsSweep8012$38KAt askBearishHigh conviction
22 Sep 2026AJG 16 Apr 2027 $250 callsTrade203$32KAt askBullishNotable
22 Sep 2026AJG 16 Oct 2026 $230 putsSweep32179$29KAt bidBullish
21 Sep 2026AJG 16 Oct 2026 $260 callsTrade144278$28KAt askBullish
22 Sep 2026AJG 20 Nov 2026 $250 putsTrade10684$26KAt midpointNeutral

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

ExpiryPrintsPremiumCalls shareNet premium
20 Nov 20265$251K0%+$27K
16 Oct 20263$107K26%+$107K
16 Apr 20272$87K100%+$87K

The most premium, $251K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 22 September 2026

Prints8
Premium$379K
Net premium+$232K
P/C ratio3.34
Sweeps50%
DateContractTypeSizeOpen int.PremiumExecutionSentimentTier
22 Sep 2026AJG 20 Nov 2026 $280 putsSweep130$65KAt bidBullishNotable
22 Sep 2026AJG 20 Nov 2026 $270 putsSweep154$61KAt bidBullishHigh conviction
22 Sep 2026AJG 20 Nov 2026 $280 putsSweep120$60KAt askBearishHigh conviction
22 Sep 2026AJG 16 Apr 2027 $260 callsTrade4042$55KAt askBullishNotable
22 Sep 2026AJG 16 Oct 2026 $280 putsTrade1013$50KAt bidBullish

Every print in AJG with its full detail, the live tape, one tap filters and saved screeners: open AJG in Options Sentiment Screener.

Price

Last close$231.10
Day+1.75%
1 week-3.50%
1 month-12.80%
3 months+2.25%
1 year-24.12%
52 week high$313.55
52 week low$190.75
Volume1,497,328
Market cap$58.2B

The live quote and the price chart sit beside the ticker's flow in the app: open AJG in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 13 firms, have a median of $290, 25.5% above the last close. The last 90 days brought 1 upgrade.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Arthur J. Gallagher & Co.

Exchange
NYSE
Sector
Financials
Industry
Insurance
Headquarters
Wilmington, Illinois
Website
ajg.com

Arthur J. Gallagher & Co. provides insurance brokerage, consulting, third-party claims settlement, and administration services in the United States, Australia, Bermuda, Canada, the Caribbean, New Zealand, India, and the United Kingdom. It operates through Brokerage and Risk Management segments. The company offers its services through a network of correspondent insurance brokers and consultants.

In the same sector

Flow pages for other Financials names in the S&P 500:

JPM JPMorgan Chase & Co.V Visa Inc.MA Mastercard Inc.BAC Bank of America Corp.MS Morgan StanleyGS Goldman Sachs Group Inc.WFC Wells Fargo & CompanyC Citigroup Inc.

Learn

The live tape for AJG with every print's execution detail, one tap filters for calls, puts, sweeps and 0DTE, saved screeners and, for Realtime subscribers, push alerts and no delay. The same screen is in the iOS and Android apps.

Open AJG in Options Sentiment Screener