Progressive Corporation (PGR)
Progressive Max Pain By Strike
PGR trades at $250.95, pinned near the near-term max pain of $250 expiring Aug 15, 2025 (0 days). Price stability likely with balanced options positioning at this level. Max pain is falling across expirations ($145-$270), signaling increased put positioning or downside protection. Key magnetic zone at 250 where 6 expirations converge.
Progressive Max Pain By Expiry
Max pain for PGR shows a downward trend from 270 to 145, indicating bearish sentiment or hedging activity. The 52% spread signals divergent expectations across timeframes. Most levels below 250.95 may cap rallies. Strong magnetic level at 250 (6 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 |
|---|---|---|
| Aug 15, 2025 | 250 | -0.95 (-0.38%) |
| Aug 22, 2025 | 247.5 | -3.45 (-1.37%) |
| Aug 29, 2025 | 240 | -10.95 (-4.36%) |
| Sep 5, 2025 | 255 | 4.05 (1.61%) |
| Sep 12, 2025 | 250 | -0.95 (-0.38%) |
| Sep 19, 2025 | 250 | -0.95 (-0.38%) |
| Sep 26, 2025 | 245 | -5.95 (-2.37%) |
| Oct 17, 2025 | 145 | -105.95 (-42.22%) |
| Nov 21, 2025 | 250 | -0.95 (-0.38%) |
| Jan 16, 2026 | 250 | -0.95 (-0.38%) |
| Feb 20, 2026 | 245 | -5.95 (-2.37%) |
| Mar 20, 2026 | 250 | -0.95 (-0.38%) |
| Jun 18, 2026 | 260 | 9.05 (3.61%) |
| Sep 18, 2026 | 230 | -20.95 (-8.35%) |
| Jan 15, 2027 | 230 | -20.95 (-8.35%) |
| Jun 17, 2027 | 270 | 19.05 (7.59%) |