Deep-pocketed investors have adopted a bullish approach towards Progressive (NYSE:PGR), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PGR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 11 extraordinary options activities for Progressive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $123,040, and 9 are calls, amounting to $2,152,975.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $310.0 for Progressive over the last 3 months.
Insights into Volume & Open Interest
In today’s trading context, the average open interest for options of Progressive stands at 1024.83, with a …
Full story available on Benzinga.com
Deep-pocketed investors have adopted a bullish approach towards Progressive (NYSE:PGR), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PGR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 11 extraordinary options activities for Progressive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $123,040, and 9 are calls, amounting to $2,152,975.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $310.0 for Progressive over the last 3 months.
Insights into Volume & Open Interest
In today’s trading context, the average open interest for options of Progressive stands at 1024.83, with a …
Full story available on Benzinga.com
Deep-pocketed investors have adopted a bullish approach towards Progressive (NYSE:PGR), and it’s something market players shouldn’t ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in PGR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga’s options scanner highlighted 11 extraordinary options activities for Progressive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 54% leaning bullish and 45% bearish. Among these notable options, 2 are puts, totaling $123,040, and 9 are calls, amounting to $2,152,975.
Expected Price Movements
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $195.0 to $310.0 for Progressive over the last 3 months.
Insights into Volume & Open Interest
In today’s trading context, the average open interest for options of Progressive stands at 1024.83, with a …Full story available on Benzinga.com Read MoreBZI-UOA, PGR, Options, Markets, PGR, US7433151039, Options, Markets, Benzinga Markets
