PGR Options Chain Analysis

As of previous close (2026-10-02) · OPRA historical data

Spot $210.31 at that close. Nothing on this page comes from the session in progress.

Put/Call (OI)

0.91

27k P / 29k C

Put/Call (Volume)

0.47

315 P / 675 C that session

30d ATM IV

27%

annualized implied move

Call wall

$230

4k contracts

Put wall

$190

5k contracts

Tail hedging

0.5×

deep-OTM puts vs calls

What the positioning says

●Call wall at $230 (4k contracts), 9% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $190 (5k contracts), 10% below spot — the hedge floor; often acts as support.
●Deep-OTM call OI is 2.0× deep-OTM put OI — speculative upside positioning dominates the tails.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-10-30. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume that session
2026-10-09	1k	1k	1.25	242
2026-10-16	4k	3k	0.84	216
2026-10-23	298	48	0.16	40
2026-10-30	123	27	0.22	1
2026-11-06	29	2	0.07	14
2026-11-13	2	0	0.00	12
2026-11-20	5k	2k	0.32	33
2026-12-18	3k	4k	1.36	282
2027-01-15	8k	10k	1.27	23
2027-02-19	425	709	1.67	0
2027-03-19	2k	871	0.55	2
2027-05-21	2	23	11.50	3
2027-06-17	4k	3k	0.62	38
2027-09-17	23	83	3.61	1
2028-01-21	2k	1k	0.64	0
2029-01-19	54	5	0.09	0

Source: Cboe end-of-session option chains, summarized after each US market close and published from the following trading day — OPRA historical data. Under the OPRA plan options data becomes historical, and freely publishable, at the opening of the next trading session; data from the session in progress is never displayed or served here. Open interest is exchange-reported once a day. Research, not investment advice.