Progressive (PGR) Offering Possible 23.46% Return Over the Next 17 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $80.00 short put and a strike $75.00 long put offers a potential 23.46% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $80.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $75.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Progressive is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Progressive is bullish.

The RSI indicator is at 66.26 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for Progressive

Company News for Apr 16, 2020
Thu, 16 Apr 2020 13:47:01 +0000
Companies in the news are: PGR, APHA, WIT, LYTS

Progressive (PGR) Q1 Earnings Lag Estimates, Revenues Rise Y/Y
Wed, 15 Apr 2020 14:19:02 +0000
Progressive (PGR) Q1 earnings reflect solid policies in force and higher premium, offset by an increase in expenses.

Progressive Earnings Beat, Revenue Misses In Q1
Wed, 15 Apr 2020 14:07:00 +0000
Investing.com – Progressive (NYSE:PGR) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Progressive (PGR) Q1 Earnings and Revenues Lag Estimates
Wed, 15 Apr 2020 14:05:02 +0000
Progressive (PGR) delivered earnings and revenue surprises of -19.31% and -0.47%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Progressive Refunds Premium to Members on Reduced Driving
Wed, 15 Apr 2020 13:35:01 +0000
Progressive (PGR) intends to relieve its members of financial burden amid the crisis as it is witnessing reduced driving.

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