Options Brief: The Progressive Corporation (PGR)

Shares of The Progressive Corporation PGR are lower on the session by 0.51%, trading at $21.41. Overall call volume is now running at 2.23x the daily average, with 47% of all calls traded being purchases on the offer. 1,120 contracts have traded on the session so far. The Progressive Corporation is an insurance holding company. As of December 31, 2009, the company had 53 subsidiaries and one mutual insurance company affiliate. These insurance subsidiaries and affiliate provide personal and commercial automobile insurance and other specialty property-casualty insurance and related services.