PGR Forecast + Trading Strategies




Price Forecast:




80% Confidence

Bearish<->Bullish




Bullish Case: A bullish case centers on PGR’s consistent growth potential, supported by low volatility projections from the Helium term structure. Holding periods indicate favorable returns, with historical patterns showing resilience past economic stresses.




Bearish Case: The bearish case explores the flattening implied volatility curve, indicating market skepticism. Potential regulatory pressures and competition in the insurance space threaten PGR's performance, suggesting cautious trading strategies.




Potential Outcomes:
  • 60% chance of steady growth due to solid insurance fundamentals and tech integration.
  • 20% chance of price drop under regulatory challenges impacting dividends.
  • 20% chance for significant gains if upcoming earnings surpass expectations.




Trading Oracle: Adopt a conservative approach by executing a bearish credit spread with PGR 250/260 calls. Escape volatility by capitalizing on expected price stagnation, maintaining a favorable liquidity profile. Leverage short-term premiums to boost potential returns, staying agile for any earnings surprises within the next 30 days.



December 13, 2024


Progressive Forecast

PGR        Progressive











Correlated Assets

Assets that tend to move strongly with PGR



HEI Forecast + Options Trading Strategies   HEI  Heico (0.95)


FTAI Forecast + Options Trading Strategies   FTAI  Fortress Transportation and Infrastructure Investors (0.95)


COOP Forecast + Options Trading Strategies   COOP  Mr. Cooper (0.95)


MLI Forecast + Options Trading Strategies   MLI  Mueller Industries (0.95)


GDDY Forecast + Options Trading Strategies   GDDY  Godaddy (0.94)



Uncorrelated Assets

Assets with little price relationship to PGR



BNO Forecast + Options Trading Strategies   BNO  United States Commodity Funds LLC - United States Brent Crude Oil (0.0)


BHVN Forecast + Options Trading Strategies   BHVN  Biohaven Pharmaceutical (0.01)


BE Forecast + Options Trading Strategies   BE  Bloom Energy (-0.01)


HIVE Forecast + Options Trading Strategies   HIVE  HIVE Blockchain (-0.01)


IJH Forecast + Options Trading Strategies   IJH  BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PGR



DLTR Forecast + Options Trading Strategies   DLTR  Dollar Tree (-0.9)


CSIQ Forecast + Options Trading Strategies   CSIQ  Canadian Solar (-0.9)


SPXS Forecast + Options Trading Strategies   SPXS  Direxion Daily S&P 500 Bear 3X Shares (-0.91)


AZUL Forecast + Options Trading Strategies   AZUL  Azul (-0.92)


WBA Forecast + Options Trading Strategies   WBA  Walgreens Boots Alliance (-0.94)









Become a more profitable investor with AI optimized trading strategies






×

Chat with PGR


 Ask any question about PGR!