Progressive (PGR) Offering Possible 16.28% Return Over the Next 22 Calendar Days

Progressive's most recent trend suggests a bullish bias. One trading opportunity on Progressive is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 16.28% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $87.50 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 38.13 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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Should You Consider Investing in Progressive Corp. (PGR)?
Mon, 19 Jul 2021 17:28:46 +0000
Wedgewood Partners, an investment management firm, published its second quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly portfolio return of 11.8% was recorded by the fund for the first half of 2021, outperforming the S&P 500 that delivered an 8.6% return for the same period, but slightly below the […]

Progressive (PGR) Q2 Earnings Top Estimates, Premiums Up Y/Y
Thu, 15 Jul 2021 14:01:02 +0000
Progressive (PGR) Q2 earnings reflect increase in premiums, partly offset by higher expenses.

Progressive (PGR) Surpasses Q2 Earnings Estimates
Thu, 15 Jul 2021 13:35:01 +0000
Progressive (PGR) delivered earnings and revenue surprises of 29.06% and -2.81%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Progressive Reports June 2021 Results
Thu, 15 Jul 2021 12:10:00 +0000
MAYFIELD VILLAGE, OHIO, July 15, 2021 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for June 2021 and the second quarter of 2021: June Quarter (millions, except per share amounts and ratios; unaudited)2021 2020 Change2021 2020 Change Net premiums written$ 3,627.3 $ 3,201.6 13 %$ 11,480.3 $ 10,140.0 13 %Net premiums earned$ 3,459.9 $ 3,023.1 14 %$ 10,982.3 $ 9,648.6 14 %Net income$ 132.8 $ 470.9 (72) %$ 790.1 $ 1,790.4 (56) %Per share available to

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