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PGR gamma exposure levels

The Progressive Corporation · Levels for the close

231.75 +4.23 (+1.86%) Close · Nov 10, 2026

As of the Nov 10, 2026 close, The Progressive Corporation (PGR) has call resistance (call wall) and gamma wall at $240.00, the HVL at $217.50, and put support (put wall) at $200.00, with an expected one-day range of $228.00 to $235.50.

PGR levels for the Nov 10, 2026 close
LevelPriceFrom close
Call resistance (call wall) and gamma wall240.00+3.56%
1-day range high235.50+1.62%
Close231.75
1-day range low228.00-1.62%
HVL217.50-6.15%
Put support (put wall)200.00-13.70%

Owl Mastery computes these levels after each US close from that day's options open interest. How these levels are computed

PGR closed between put support (put wall) at $200.00 and call resistance (call wall) and gamma wall at $240.00. Put support is 13.70% below the close, and call resistance and the gamma wall are 3.56% above it. Call resistance is the nearer wall, where a rally may stall. PGR closed above the HVL at $217.50, which sits 6.15% below the close. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves.

RSI (14) is 58.6, up from 42.1 at the start of its last 30 daily readings. It is Neutral, between 30 and 70. PGR closed 5.7% above its 50-day average, the mean of its last 50 closes.

PGR signals

SignalValueReading
RSI (14)58.6Neutral
vs 50D average+5.7%Above
Volatility (20D)29.7%
From 52W high-3.8%

The signals use daily closes up to Nov 10, 2026.

PGR performance

PeriodSinceChange
1MOct 12, 2026+5.21%
3MAug 10, 2026+8.37%
6MMay 11, 2026+17.80%
YTDJan 2, 2026+9.41%
1YNov 10, 2025+13.47%
5YNov 10, 2021+170.49%

PGR key stats

Open228.24
High231.94
Low226.77
Previous close227.52
Volume2.6M
Avg volume (20D)2.7M
52-week high241.02
52-week low189.02

What these levels mean

Call resistance (call wall) is the strike with the largest net gamma exposure. Put support (put wall) is the strike with the most negative net gamma exposure. Call resistance is also the gamma wall, the strike with the largest gamma times open interest, puts counted as negative, so the two names mark one strike.

The HVL is the strike where the running sum of net gamma exposure, added up from the lowest strike, is lowest. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves. Below it, net gamma exposure is negative on balance, which may mean larger moves. The 1-day range, the expected move, is the close plus or minus a one-day move at IV30, the implied volatility of the listed expiry closest to 30 trading days out.

How to read gamma levels

PGR questions

Where is PGR's call wall today?

As of the Nov 10, 2026 close, PGR's call resistance (call wall) is at $240.00, 3.56% above the close. It is the strike with the largest net gamma exposure. It shares that strike with the gamma wall.

Call walls and put walls explained

Where is PGR's put wall today?

As of the Nov 10, 2026 close, PGR's put support (put wall) is at $200.00, 13.70% below the close. It is the strike with the most negative net gamma exposure.

Call walls and put walls explained

What is PGR's HVL?

As of the Nov 10, 2026 close, PGR's HVL (high volatility level) is $217.50, 6.15% below the close. It is the strike where the running sum of net gamma exposure, added up from the lowest strike, is lowest.

HVL, gamma flip and zero gamma compared

Is PGR above or below its HVL?

PGR closed above its HVL of $217.50 on Nov 10, 2026. Above the HVL, net gamma exposure is positive on balance, which may mean smaller moves. Below it, net gamma exposure is negative on balance, which may mean larger moves.

Positive and negative gamma explained

What is PGR's expected one-day range?

As of the Nov 10, 2026 close, PGR's expected one-day range is $228.00 to $235.50. It is the close plus or minus close × IV30 / √252, where IV30 is the implied volatility of the listed expiry closest to 30 trading days out.

The expected move explained

What is PGR's RSI today?

As of the Nov 10, 2026 close, PGR's RSI (14) is 58.6, which reads Neutral. RSI reads Overbought at 70 or more and Oversold at 30 or less.

RSI explained