Progressive (PGR) Offering Possible 5.26% Return Over the Next 6 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 5.26% return on risk over the next 6 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 $0.25 would be kept by the premium seller. The risk of $4.75 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 60.13 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

Progressive Announces Quarterly Common and Preferred Share Dividends
Mon, 09 Aug 2021 15:10:00 +0000
MAYFIELD VILLAGE, OHIO, Aug. 09, 2021 (GLOBE NEWSWIRE) — On August 6, 2021, the Board of Directors of The Progressive Corporation (NYSE:PGR) declared a $0.10 per common share dividend, payable October 15, 2021, to shareholders of record at the close of business on October 7, 2021 (ex-dividend date of October 6, 2021). In addition, the Board declared a dividend on our outstanding Series B Fixed-to-Floating Rate Cumulative Perpetual Serial Preferred Shares in the amount of $26.875 per Series B Sh

Could The Market Be Wrong About The Progressive Corporation (NYSE:PGR) Given Its Attractive Financial Prospects?
Fri, 06 Aug 2021 12:05:38 +0000
Progressive (NYSE:PGR) has had a rough three months with its share price down 9.3%. However, stock prices are usually…

Allstate Dips as Return to Roads Lifts Accident Frequency
Thu, 05 Aug 2021 18:49:49 +0000
(Bloomberg) — Allstate Corp.’s shares fell Thursday after the economic reopening prompted a jump in car accidents that sent insurance claims soaring.The Northbrook, Illinois-based insurance company said auto property damage gross claim frequency in the second quarter was up 47% compared to the same quarter last year. The stock fell as much as 3.2% intraday even as second-quarter earnings per share topped Wall Street expectations, and is essentially unchanged from early May when the company repo

Progressive Announces Investor Relations Event
Wed, 28 Jul 2021 15:10:00 +0000
MAYFIELD VILLAGE, OHIO, July 28, 2021 (GLOBE NEWSWIRE) — As previously announced, The Progressive Corporation (NYSE: PGR) will host an Investor Relations event on Wednesday, August 4, 2021, beginning at 9:30 a.m. eastern time. The event, which will consist of both a conference call and a live webcast, is scheduled to last 90 minutes and will begin with an approximate 45-minute presentation on our Commercial Lines business, followed by a question-and-answer session with Tricia Griffith, our CEO,

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Thu, 22 Jul 2021 16:17:12 +0000
In this article, we will be looking at the 10 best large cap dividend stocks to buy now. If you want to skip our detailed analysis of large-cap stocks, and dividend investing, you can go directly to the 5 Best Large Cap Dividend Stocks to Buy Now. Large-cap stocks usually have a market capitalization of […]

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