Progressive (PGR) Offering Possible 6.38% Return Over the Next 27 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 6.38% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $92.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Progressive is bearish and the probability of a decline 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 70.84 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

Progressive Corp (PGR) President and CEO Susan Patricia Griffith Sold $4.6 million of Shares
Mon, 20 Dec 2021 23:15:02 +0000
President and CEO of Progressive Corp (30-Year Financial, Insider Trades) Susan Patricia Griffith (insider trades) sold 45,000 shares of PGR on 12/16/2021 at an average price of $103.24 a share.

Should You Invest Your Hard Earned Money in Progressive Corp. (PGR)?
Mon, 20 Dec 2021 14:43:48 +0000
Ariel Investments, an investment management firm, published its “Ariel Fund & Ariel Appreciation Fund” third-quarter 2021 investor letter – a copy of which can be downloaded here. A return of -0.17% was recorded by the Fund for the third quarter of 2021, compared to the Russell 2500TM Value Index, Russell 2500TM Index, and S&P 500® […]

Bridges Investment Fund Inc Buys Cable One Inc, Chemed Corp, Terminix Global Holdings Inc, …
Fri, 17 Dec 2021 07:38:01 +0000
Investment company Bridges Investment Fund Inc (Current Portfolio) buys Cable One Inc, Chemed Corp, Terminix Global Holdings Inc, AptarGroup Inc, BWX Technologies Inc, sells The Walt Disney Co, Booking Holdings Inc, Ecolab Inc during the 3-months ended 2021Q3, according to the most recent filings of the investment company, Bridges Investment Fund Inc.

Progressive (PGR) November Earnings Decline, Revenues Up Y/Y
Thu, 16 Dec 2021 14:44:02 +0000
Progressive's (PGR) November results reflect solid policies in force and higher net premiums earned, offset by a rise in expenses and lower net investment income.

Progressive (PGR) Surges 4.8%: Is This an Indication of Further Gains?
Thu, 16 Dec 2021 13:30:01 +0000
Progressive (PGR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

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