Progressive (PGR) Protective Put Calculator
Calculator · free · no signup · PGRPrice a protective put, zero-cost collar, or put spread on Progressive. Annual cost, max loss, upside cap, tax treatment, auto-filled from current PGR option chain.
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About Progressive
Progressive (PGR) is a public Fintech company, incorporated in Ohio and headquartered in Mayfield Village, OH.
Equity grants at Progressive typically include restricted stock units (RSUs).
The Progressive Corporation is an American insurance company headquartered in Mayfield, Ohio. It was co-founded in 1937 by Jack Green and Joseph M. Lewis. The company insures passenger vehicles, motorcycles, recreational vehicles (RVs), trailers, boats, personal water craft (PWC), and commercial vehicles. Progressive also provides home, life, pet, and other types of insurance through select companies.
Source: Wikipedia (CC BY-SA 4.0)
Joseph Lewis and Jack Green founded the company in 1937 and built it by insuring drivers other carriers rejected, then by publishing competitors' rates alongside its own, an unusual transparency bet. Snapshot telematics extended the underwriting edge by pricing on observed driving behavior. Direct sales through advertising, personified by the Flo character, run alongside independent agents. Auto insurance profitability swings with claim severity, which inflation in vehicle repair costs and used car prices pushed sharply after 2021. Headquarters are in Mayfield Village, Ohio.
Sources: progressive.com · en.wikipedia.org
Equity comp at Progressive
- RSUs use single-trigger vesting: shares become yours as each portion vests on schedule, and the value is taxed as ordinary income at that point. No IPO or acquisition is required.
Researched 2026-08-17.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by Progressive.
A protective put caps your downside on the PGR position at a chosen floor; a zero-cost collar pays for that floor by capping the upside. This calculator prices both structures off the current PGR option chain, with annual cost, max loss, and tax-treatment notes.
All Progressive tools → · Use the generic Protect Your Stock Calculator for any company.
Progressive equity questions
- How much does it cost to hedge PGR stock?
- The cost of a protective put depends on how far below the current price you set the floor, how long the protection lasts, and PGR's option-implied volatility. A zero-cost collar lowers that cost by selling away some upside. The calculator above prices both structures off the current PGR option chain and shows the annual cost, maximum loss, and tax treatment.
- Does Progressive grant ISOs, NSOs, or RSUs?
- Equity compensation at Progressive typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do Progressive RSUs use double-trigger vesting?
- No. Progressive restricted stock units (RSUs) use single-trigger vesting: each tranche becomes yours as it vests on schedule, taxed as ordinary income at that point, with no liquidity event required.
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