PROGRESSIVE CORP/OH/ (PGR) Options Risk Score

Run a full PGR options risk analysis

See the complete risk breakdown — news catalysts, SEC filings, legal proceedings, earnings overlap, IV vs HV, options flow and Expected Move — all in one scan.

Is it risky to sell options on PROGRESSIVE CORP/OH/ (PGR) right now?

For a 4-week expiry, PROGRESSIVE CORP/OH/ (PGR) carries an options catalyst-risk score of 25 out of 100 (LOW). The contributing signals are an upcoming earnings report, 3 recent news items, 4 active legal filings and 1 recent SEC event within the 4-week window. A LOW score (under 45) means the scan found no dated catalyst for PGR inside the window. Read it as a clean calendar rather than a safe stock — surprises are by definition unscheduled.

PGR shows an IV Rank of 73 — implied volatility is near the top of its own one-year range, so PGR options are historically expensive, which favours premium-selling strategies, with a current implied volatility of about 31%. Read IV Rank alongside the catalyst score: it says how expensive PGR options are, while the score says whether that price is justified by a scheduled event.

The 2026-10-14 earnings report sits inside a standard monthly expiry for PGR, so implied volatility should stay bid into the date and drop sharply once it passes.

PROGRESSIVE CORP/OH/ (PGR) current implied volatility and IV Rank

PGR's IV Rank stands at 73 right now with implied volatility around 31%, alongside a TickerRisk options-risk score of 25/100. That's high — options are expensive relative to the past year, which favours premium-selling strategies such as credit spreads, iron condors and covered calls, provided no binary catalyst is working against you.

Unsure how to act on this? What IV Rank is worth selling at →

PROGRESSIVE CORP/OH/ (PGR) next earnings date — 2026-10-14

PROGRESSIVE CORP/OH/ (PGR) reports earnings on 2026-10-14 — about 38 days away, which falls inside a typical options expiry window. PGR's IV Rank is currently 73. Earnings are the single biggest scheduled catalyst for an overnight gap: implied volatility usually runs up into the report and collapses immediately after (the IV crush). Selling premium into the event captures that crush but exposes you to the gap; buying premium needs a move large enough to beat the elevated IV you paid.

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