Free PGR GEX - Live Progressive Gamma Exposure
Use free PGR GEX to compare modeled gamma exposure by strike for Progressive. Choose one or more expirations, then review the call wall, put wall, gamma flip, and exposure in the context of underwriting, claims, pricing, and investment income.
How to use the PGR GEX tool
Search PGR
PGR is already entered. Keep it or enter another ticker, then select Search.
Select expirations
Choose one or more expiration dates to include.
Generate GEX
Select Generate GEX to view the chart and key levels.
Run up to 3 free GEX calculations per day. Need more?
Continue for free in the GEX demoWhat is Gamma Exposure (GEX)?
Gamma Exposure represents the sensitivity of an option's delta to changes in the underlying price. Market makers hedge their gamma exposure, creating support/resistance at high GEX strikes.
Key Levels:
- Call Wall: Strike with highest positive GEX (resistance)
- Put Wall: Strike with the largest put GEX, shown as the deepest negative bar (support)
- Gamma Flip: Where total GEX changes from negative to positive
Positive GEX: Market makers sell into rallies, buy into dips (stabilizing).
Negative GEX: Market makers buy into rallies, sell into dips (amplifying moves).
Select a ticker and expiration date, then click Generate GEX to see the analysis
Key levels
PGR GEX levels in detail
Data as of
Spot
$208.20
Call wall
$230
10.5% above spot
Put wall
$210
0.9% above spot
Gamma flip
$211.47
1.6% above spot
Net GEX
-$11K
negative gamma
Largest gamma by strike
- $210 -$5K
- $200 -$3K
- $205 -$3K
- $197.50 -$1K
- $230 $1K
Since the previous session (Oct 1)
- Spot down 1.3% ($210.96 to $208.20)
- Call wall unchanged at $230
- Put wall unchanged at $210
- Net GEX -$4K to -$11K
Reviewed by the QuantWheel research team. Modeled from listed PGR options data; not observed dealer inventory and not a forecast. Read how we compute PGR GEX levels.
Build your PGR GEX workspace
Add PGR Heatmap, Max Pain and other GEX views to a custom multi-ticker workspace.
Understanding PGR gamma exposure
PGR provides options exposure to Progressive, which operates in property and casualty insurance. Earnings and shifts in underwriting, claims, pricing, and investment income can change option pricing and open interest. The GEX chart shows how modeled exposure is distributed for the contracts and expirations you include.
The PGR call wall, put wall, and gamma flip depend on the contracts included in the calculation. Recompute the chart after changing expirations and compare the distribution around the current price. The output is positioning context rather than a forecast.
New to the concept? Start with our guides to gamma in options and the options Greeks.
PGR GEX methodology and limitations
QuantWheel calculates PGR GEX from the selected expirations, available options data and the formula displayed in the calculator. The result summarizes modeled gamma exposure by strike.
GEX is a model output, not observed dealer inventory or a price forecast. Open interest does not identify who owns an option, and the displayed call wall, put wall and gamma flip can change when the inputs or selected expirations change.
PGR GEX FAQ
What is PGR GEX?
PGR GEX estimates gamma exposure across listed PGR options using option gamma and open interest. It helps you compare how modeled exposure is distributed by strike and expiration. PGR GEX does not reveal actual dealer positions or predict where PGR will trade.
How do I read the PGR call wall and put wall?
QuantWheel labels the PGR call wall as the strike with the largest positive modeled GEX and the PGR put wall as the strike with the largest negative modeled GEX in your selected data. Compare both with the PGR price and expiration choices. They are reference levels, not guaranteed support or resistance.
What is the PGR gamma flip?
The PGR gamma flip is the price where modeled net gamma crosses zero for the selected PGR options data. Compare it with the current price and the shape of the strike chart. The PGR gamma flip is a model output, not a trading signal.
Which expirations should I use for PGR GEX?
Start with the nearest PGR expiration to study short-dated positioning, then add later expirations to compare a broader part of the options chain. Each selection changes which PGR contracts are included, so compare one expiration with a combined view before drawing conclusions.
Is the PGR GEX calculator free?
Yes. You can run up to three free PGR GEX calculations per day on the public tool. After using those calculations, continue for free in the GEX demo. Check the current QuantWheel pricing page for plan access details.