Progressive Corporation (PGR)
Progressive Max Pain By Strike
PGR trades at $243.19, pinned near the near-term max pain of $245 expiring Sep 12, 2025 (2 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($230-$260), indicating stable market expectations. Key magnetic zone at 250 where 7 expirations converge.
Progressive Max Pain By Expiry
Max pain for PGR shows stable levels around 247.67, reflecting balanced market expectations. The 12% spread signals divergent expectations across timeframes. Most levels above 243.19 could support dips. Strong magnetic level at 250 (7 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 12, 2025 | 245 | 1.81 (0.74%) |
| Sep 19, 2025 | 250 | 6.81 (2.80%) |
| Sep 26, 2025 | 250 | 6.81 (2.80%) |
| Oct 3, 2025 | 245 | 1.81 (0.74%) |
| Oct 10, 2025 | 250 | 6.81 (2.80%) |
| Oct 17, 2025 | 250 | 6.81 (2.80%) |
| Oct 24, 2025 | 240 | -3.19 (-1.31%) |
| Nov 21, 2025 | 250 | 6.81 (2.80%) |
| Jan 16, 2026 | 250 | 6.81 (2.80%) |
| Feb 20, 2026 | 245 | 1.81 (0.74%) |
| Mar 20, 2026 | 250 | 6.81 (2.80%) |
| Jun 18, 2026 | 260 | 16.81 (6.91%) |
| Sep 18, 2026 | 230 | -13.19 (-5.42%) |
| Jan 15, 2027 | 240 | -3.19 (-1.31%) |
| Jun 17, 2027 | 260 | 16.81 (6.91%) |