Progressive (PGR) Offering Possible 53.85% Return Over the Next 21 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 53.85% return on risk over the next 21 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 $1.75 would be kept by the premium seller. The risk of $3.25 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 above 80 which suggests that the stock is in overbought territory.

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

Here's Why You Should Hold Progressive (PGR) in Your Portfolio
Wed, 23 Dec 2020 15:30:03 +0000
Progressive (PGR) is well-poised for growth, riding on solid policies in force, competitive rate and prudent underwriting and a sturdy capital position

Progressive (PGR) November Earnings & Revenues Increase Y/Y
Mon, 21 Dec 2020 14:36:02 +0000
Progressive's (PGR) November results reflect higher premiums driving revenues, net realized gains on securities, offset by an increase in expenses.

15 Biggest Companies with Female CEOs
Mon, 21 Dec 2020 11:20:48 +0000
In this article we are going to list the 15 biggest companies with female CEOs. Click to skip ahead and jump to the 10 biggest companies with female CEOs. As men, we don’t often tend to realize it, but it has been a tough world for women to live in across history, and while signs […]

20 Largest Insurance Companies in the U.S.
Sun, 20 Dec 2020 17:32:39 +0000
In this article we are going to list the 20 largest insurance companies in the US. Click to skip ahead and jump to the 10 largest insurance companies in the US. The insurance industry is not just one of the biggest industries in the world, worth trillions of dollars, but it is also one of the […]

Progressive Reports November 2020 Results
Fri, 18 Dec 2020 13:28:00 +0000
MAYFIELD VILLAGE, OHIO, Dec. 18, 2020 (GLOBE NEWSWIRE) — The Progressive Corporation (NYSE:PGR) today reported the following results for November 2020:  November (millions, except per share amounts and ratios; unaudited) 2020 2019 Change       Net premiums written$2,957.9  $2,596.1  14% Net premiums earned$3,150.8  $2,845.8  11% Net income attributable to Progressive$739.8  $306.1  142% Per share available to common shareholders$1.26  $0.52  142% Total pretax net realized gains (losses) on securities$459.6  $150.3  206% Combined ratio 86.6   94.1  (7.5) pts. Average diluted equivalent common shares 587.6   587.0  0%   November (thousands; unaudited) 2020 2019 Change Policies in Force      Personal Lines      Agency – auto7,616.1 6,986.4 9% Direct – auto8,881.1 7,841.2 13% Total personal auto16,497.2 14,827.6 11% Total special lines4,913.4 4,554.4 8% Total Personal Lines21,410.6 19,382.0 10% Total Commercial Lines819.4 753.8 9% Property business2,459.6 2,184.6 13% Companywide Total24,689.6 22,320.4 11%        See Progressive's complete monthly earnings release, including the “Monthly Commentary,” for additional information.About ProgressiveThe Progressive Group of Insurance Companies makes it easy to understand, buy and use auto insurance. Progressive offers choices so consumers can reach us whenever, wherever and however it's most convenient – online at progressive.com, by phone at 1-800-PROGRESSIVE, on a mobile device or in-person with a local agent.Progressive provides insurance for personal and commercial autos and trucks, motorcycles, boats, recreational vehicles, and homes; it is the third largest auto insurer in the country, a leading seller of motorcycle and commercial auto insurance, and one of the top 15 homeowners insurance carriers. Founded in 1937, Progressive continues its long history of offering shopping tools and services that save customers time and money, like Name Your Price®, Snapshot®, and HomeQuote Explorer®.The Common Shares of The Progressive Corporation, the Mayfield Village, Ohio-based holding company, trade publicly at NYSE:PGR.Company Contact: Douglas S. Constantine (440) 910-3563 investor_relations@progressive.com The Progressive Corporation 6300 Wilson Mills Road Mayfield Village, Ohio 44143 http://www.progressive.com Progressive November 2020 Complete Earnings Release http://ml.globenewswire.com/Resource/Download/26407986-4c4f-4377-8b62-4afe62c44078

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