Options Brief: The Progressive Corporation

Shares of The Progressive Corporation

are lower on the session by 1.43%, trading at $21.33. Overall call volume is now running at 6.63x the daily average, with 71% of all calls traded being purchases on the offer. 1,087 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.