Benzinga's options scanner has just identified more than 9 option transactions on Progress Software (NASDAQ:PRGS), with a cumulative value of $766,228. Concurrently, our algorithms picked up 2 puts, worth a total of 203,320.
What's The Price Target?
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $42.5 to $50.0 for Progress Software over the recent three months.
Volume & Open Interest Trends
In terms of liquidity and interest, the mean open interest for Progress Software options trades today is 572.0 with a total volume of 5,484.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Progress Software's big money trades within a strike price range of $42.5 to $50.0 over the last 30 days.
Progress Software Call and Put Volume: 30-Day Overview
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PRGS | CALL | SWEEP | BULLISH | 03/20/26 | $3.3 | $2.25 | $3.3 | $47.50 | $165.0K | 930 | 500 |
| PRGS | PUT | SWEEP | BULLISH | 03/20/26 | $6.5 | $5.3 | $5.4 | $50.00 | $151.7K | 62 | 281 |
| PRGS | CALL | SWEEP | BULLISH | 02/20/26 | $2.85 | $1.65 | $2.85 | $47.50 | $142.5K | 176 | 514 |
| PRGS | CALL | SWEEP | BULLISH | 02/20/26 | $3.0 | $2.5 | $3.0 | $47.50 | $90.0K | 176 | 1.5K |
| PRGS | CALL | SWEEP | BULLISH | 03/20/26 | $2.85 | $2.7 | $2.75 | $50.00 | $89.9K | 1.9K | 337 |
About Progress Software
Progress Software Corporation provides software operate in one operating segment: software products for the development, deployment, and management of responsible, AI-powered applications and digital experiences. Following are products: Chef, Corticon, Data Direct, Developer Tools, Flowmon, Kemp LoadMaster, MarkLogic, MOVEit, OpenEdge, Semaphore, ShareFile, Sitefinity, WhatsUp Gold. Geographical regions include United States, Canada, EMEA, Latin America, and Asia Pacific.
Having examined the options trading patterns of Progress Software, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is Progress Software Standing Right Now?
- With a volume of 464,664, the price of PRGS is up 16.96% at $45.15.
- RSI indicators hint that the underlying stock may be approaching overbought.
- Next earnings are expected to be released in 68 days.
What The Experts Say On Progress Software
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $56.33.
- An analyst from Jefferies persists with their Hold rating on Progress Software, maintaining a target price of $45.
- Maintaining their stance, an analyst from Citigroup continues to hold a Buy rating for Progress Software, targeting a price of $54.
- An analyst from DA Davidson persists with their Buy rating on Progress Software, maintaining a target price of $70.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements.
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