Analyzing the options chain and the chart patterns of PGR The Progressive Corporation prior to the earnings report this week,
I would consider purchasing the 220usd strike price Calls with
an expiration date of 2024-8-16,
for a premium of approximately $10.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Hey guys,
Classical trend continuation set up here.
Larger degree impulse and correction with lower degree impulse correction breaking out of larger trend line!
NYSE:PGR
*I'm bearish on this, because it's overbought and also based on EW, we should expect the rejection. but here are the both scenarios.
If the stock price surpasses the bullish line at approximately $157.05, the immediate upside target could be:
Bullish Target Price 1: Drawing an inference based on the chart's pattern, considering the amplitude of prior...
Analyzing the options chain and the chart patterns of PGR The Progressive Corporation prior to the earnings report this week,
I would consider purchasing the 140usd strike price Puts with
an expiration date of 2023-10-20,
for a premium of approximately $2.05.
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
The PEAD projected a neutral outlook for NYSE:PGR after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 40%.
If you switch between the daily, weekly and monthly chart you'll notice they all look the same. They are all strongly uptrending. This stock is amazing for a momentum play.
The PEAD projected a Bullish outlook for $PGR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
The Trend Lines are above. If SPX does not decline, all the stocks can start a rally which I expect cannot exceed the ATH. I expect 2024 will be the bigger rally and this year, I expect fluctuations.
Not an investment reccomendation.
PGR Descending Right-Angled Broadening Breakout Potential
Nice Higher lows forming and starting to base near supply
we are looking for a recovery of the old highs and a base to form confirming buyers want to hold here for further continuation
Two possible entries given
The PEAD projected a Bullish outlook for $PGR after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
