PGR options flow: unusual options activity in Progressive Corp.
Updated 28 September 2026, 09:54 ET
Over the last week the tape recorded 21 unusual options prints in Progressive Corp. (PGR), $1.8M of tracked premium, leaning bullish. Bullish premium was $760K against $578K bearish; $194K went into calls and $1.6M into puts, a put call ratio of 8.37. The largest print was $373K of PGR 15 Jan 2027 $220 puts on 24 September 2026, executed at bid. The last session with prints, 25 September 2026, added 3 prints and $461K of premium. PGR closed at $205.50 on 25 September 2026, up 1.6%.
This week's unusual flow
Prints from 22 September 2026 to 25 September 2026, 4 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
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 24 Sep 2026 | PGR 15 Jan 2027 $220 puts | Trade | 137 | 384 | $373K | At bid | Bullish | |
| 25 Sep 2026 | PGR 18 Dec 2026 $180 puts | Trade | 1,185 | 139 | $302K | At midpoint | Neutral | Notable |
| 23 Sep 2026 | PGR 9 Oct 2026 $210 puts | Trade | 200 | 58 | $126K | At bid | Bullish | Notable |
| 22 Sep 2026 | PGR 2 Oct 2026 $205 puts | Trade | 295 | 61 | $106K | At bid | Bullish | Notable |
| 25 Sep 2026 | PGR 16 Oct 2026 $210 puts | Sweep | 115 | 1,021 | $106K | At ask | Bearish | Notable |
| 22 Sep 2026 | PGR 9 Oct 2026 $205 puts | Sweep | 247 | 18 | $104K | At ask | Bearish | High conviction |
| 22 Sep 2026 | PGR 20 Nov 2026 $210 puts | Sweep | 88 | 106 | $92K | At ask | Bearish | High conviction |
| 24 Sep 2026 | PGR 19 Jan 2029 $150 calls | Trade | 12 | 12 | $76K | At ask | Neutral | |
| 25 Sep 2026 | PGR 6 Nov 2026 $150 calls | Trade | 10 | 0 | $53K | At bid | Neutral | Notable |
| 22 Sep 2026 | PGR 18 Dec 2026 $210 puts | Trade | 40 | 57 | $51K | At bid | Bullish | |
| 23 Sep 2026 | PGR 15 Jan 2027 $250 puts | Trade | 10 | 51 | $49K | At ask | Bearish | |
| 23 Sep 2026 | PGR 15 Jan 2027 $250 puts | Trade | 10 | 51 | $49K | At ask | Bearish |
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
| Expiry | Prints | Premium | Calls share | Net premium |
|---|---|---|---|---|
| 15 Jan 2027 | 4 | $520K | 0% | +$226K |
| 18 Dec 2026 | 2 | $353K | 0% | +$51K |
| 9 Oct 2026 | 4 | $294K | 0% | +$36K |
| 2 Oct 2026 | 3 | $184K | 0% | +$73K |
| 16 Oct 2026 | 3 | $176K | 0% | -$176K |
| 20 Nov 2026 | 2 | $122K | 25% | -$62K |
The most premium, $520K, is aimed at the 15 Jan 2027 expiry; the nearest expiry with unusual prints is 2 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, 25 September 2026
| Date | Contract | Type | Size | Open int. | Premium | Execution | Sentiment | Tier |
|---|---|---|---|---|---|---|---|---|
| 25 Sep 2026 | PGR 18 Dec 2026 $180 puts | Trade | 1,185 | 139 | $302K | At midpoint | Neutral | Notable |
| 25 Sep 2026 | PGR 16 Oct 2026 $210 puts | Sweep | 115 | 1,021 | $106K | At ask | Bearish | Notable |
| 25 Sep 2026 | PGR 6 Nov 2026 $150 calls | Trade | 10 | 0 | $53K | At bid | Neutral | Notable |
Every print in PGR with its full detail, the live tape, one tap filters and saved screeners: open PGR in Options Sentiment Screener.
Price
The live quote and the price chart sit beside the ticker's flow in the app: open PGR in Options Sentiment Screener.
Analysts
The most recent analyst targets on file, from 11 firms, have a median of $230, 11.9% above the last close. The last 90 days brought 2 upgrades and 1 downgrade.
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 Progressive Corp.
- Exchange
- NYSE
- Sector
- Financials
- Industry
- Insurance
- Headquarters
- MAYFIELD VILLAGE, Ohio
- Website
- progressive.com
Progressive Corporation provides personal and commercial auto, residential and commercial property, general liability, and other specialty property-casualty insurance products. It operates in three segments: Personal Lines, Commercial Lines, and Property. The Property segment writes residential property insurance for homeowners, other property owners, and renters. The Progressive Corporation was founded in 1937 and is headquartered in Mayfield, Ohio.
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
- What unusual options activity means
- Reading one ticker's flow
- Sweeps, blocks and where a trade printed
- Size versus open interest
- Bullish or bearish, how a print's sentiment is inferred
- The conviction score and whale prints
The live tape for PGR 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 PGR in Options Sentiment Screener