Progressive (PGR) Offering Possible 7.53% Return Over the Next 8 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $90.00 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 58.23 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

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Mon, 29 Nov 2021 16:27:42 +0000
In this piece, we will take a look at 10 stocks to invest in according to Thomas Bancroft’s Makaira Partners. If you want to skip over to the top five stocks in this list, then head on over to 5 Stocks to Invest in According to Thomas Bancroft’s Makaira Partners. Makaira Partners LLC is an […]

New CEO appointments hit highest level in 3 years, led by women
Wed, 24 Nov 2021 16:58:03 +0000
Kevin Delaney, CEO of Charter, joins Yahoo Finance Live to discuss job shortages, the rise in people switching jobs, and the sudden push to hire more women.

New Strong Sell Stocks for November 22nd
Mon, 22 Nov 2021 15:32:03 +0000
RDY, FRO, WWW, PGR, and LGIH have been added to the Zacks Rank #5 (Strong Sell) List on November 22, 2021.

Progressive's (PGR) October Earnings, Revenues Rise Y/Y
Thu, 18 Nov 2021 15:27:03 +0000
Progressive's (PGR) October results reflect increase in revenues, offsetting the rise in expenses.

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