TRGP241220P00095000 Option on Targa Resources
| TRGP Stock | USD 204.30 2.91 1.44% |
Targa Resources' latest option contracts expiring on 2024-12-20 are carrying combined implied volatility of 0.42 with a put-to-call open interest ratio of 2.18 over 58 outstanding agreements suggesting investors are buying way more puts than calls on contracts expiring on 2024-12-20. The total put volume is at 253, with calls trading at the volume of 253. This yields a 0.87 put-to-call volume ratio.
Open Interest Against 2024-12-20 Option Contracts
2024-12-20
The chart above shows Targa Resources' distribution of open interest by maturity on contracts that have not yet been settled. The area between the two highest points is the projection of the price at expiration. Targa Resources' open interest chart also provides vital information regarding the liquidity of an option. If there is no open interest for Targa Resources' option, there is no secondary market available for investors to trade.
Targa Resources Maximum Pain Price across 2024-12-20 Option Contracts
Max pain occurs when Targa Resources' market makers reach a net positive position across all Targa Resources' options at a strike price where option holders stand to lose the most money. By contrast, Targa Resources' option sellers may reap the most after selling more options than buying, causing them to expire worthless.
Targa Resources' option chain provides insight into all available option contracts written on Targa Resources' stock. Investors can see outstanding put and call contracts with pricing information and greeks for a given expiration period. In addition, each of Targa Resources' stock options below provides a detailed picture of the payoff. Comparing vital and dynamic information of various option contracts across diverse expiration periods will help you make an educated decision on your market timing strategies around investing in a given Targa option contract.
In The Money vs. Out of Money Option Contracts on Targa Resources
Analyzing Targa Resources' in-the-money options over time can help investors to take a profitable long position in Targa Resources regardless of its overall volatility. This is especially true when Targa Resources' options are deep in the money. These options can be identified using deltas that are over 0.75. Deep in-the-money Targa Resources' options could be used as guardians of the underlying stock as they move almost dollar for dollar with Targa Resources' stock while costing only a fraction of its price.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Targa Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
Targa Resources In The Money Call Balance
When Targa Resources' strike price is surpassing the current stock price, the option contract against Targa Resources stock is said to be in the money. When it comes to buying Targa Resources' options that are 'In the Money' or 'Out of the Money', the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
While 'out-of-the-money' option contracts written on Targa Resources are typically viewed as the more aggressive, there are potential upsides to purchasing these types of options contracts. For one, the cost to buy an 'Out of the Money' option is lower than the cost to buy an 'In the Money' option. This cost-benefit is due to the fact that at the time of the purchase, 'Out of the Money' contracts have no intrinsic value. So, while the potential for a 100% loss is more significant, the cost and risk to enter the trade are lower.
Targa Current Options Market Mood
Targa Resources' open interest and total value indicators provide investors with the necessary information to digest the overall options buildup for its expiring contracts. In addition, it helps Targa Stock's traders understand whether a recent fall or rise in the market is unreasonable and if the time has come to take contrarian positions. These ratios are calculated based on options trading volumes and current open interest.
Put-to-Call Open Interest
Put-to-Call Volume
Unfortunately, most Targa Resources' options investors are not very successful. Targa Resources' option open interest and volume spread between outstanding puts and calls are regarded by many investors as reliable indicators of the overall future market direction.
Rule 16 of the current Targa contract
Base on the Rule 16, the options market is currently suggesting that Targa Resources will have an average daily up or down price movement of about 0.0263% per day over the life of the 2024-12-20 option contract. With Targa Resources trading at USD 204.3, that is roughly USD 0.0536. If you think that the market is fully incorporating Targa Resources' daily price movement you should consider buying Targa Resources options at the current volatility level of 0.42%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
Targa |
Purchasing Targa Resources options can give investors a meaningful hedge against losses and, therefore, could be used conservatively to decrease the volatility of your portfolio. However, many options could also amount to little more than gambling, significantly enhancing your overall portfolio risk. One simple example of these aggressive strategies is the sale of "uncovered" Targa calls. Remember, the seller must deliver Targa Resources stock to the call owner when a call is exercised.
Targa Resources Option Chain
When Targa Resources' strike price is surpassing the current stock price, the option contract against Targa Resources stock is said to be in the money. When it comes to buying options that are ITM or OTM, the choice depends on your outlook for the underlying security, financial situation, and what you are trying to achieve.
Targa Resources' option chain is a display of a range of information that helps investors for ways to trade options on Targa. In general, an option chain provides a helpful tool for investors to see all available option contracts, both puts, and calls, for Targa. It also shows strike prices and maturity days for a Targa Resources against a given expiration period. The table below combines all the option information in the form of a chain but before you use it, remember that it entails significant risk and it is not for everyone. | Open Int | Expiration | Current Spread | Last Price | |||
Call | TRGP Option Call 20-12-2024 60 | 0 | 2024-12-20 | 69.9 - 73.3 | 68.7 | In |
Call | TRGP Option Call 20-12-2024 85 | 1 | 2024-12-20 | 109.2 - 113.6 | 78.87 | In |
Call | TRGP Option Call 20-12-2024 87 | 5 | 2024-12-20 | 28.2 - 30.5 | 19.4 | In |
Call | TRGP Option Call 20-12-2024 90 | 1 | 2024-12-20 | 28.7 - 32.4 | 25.9 | In |
Call | TRGP Option Call 20-12-2024 92 | 0 | 2024-12-20 | 0.0 - 0.0 | 73.75 | In |
Call | TRGP Option Call 20-12-2024 95 | 1 | 2024-12-20 | 11.8 - 12.2 | 5.2 | In |
Call | TRGP Option Call 20-12-2024 100 | 5 | 2024-12-20 | 35.6 - 39.3 | 36.42 | In |
Call | TRGP Option Call 20-12-2024 105 | 0 | 2024-12-20 | 0.0 - 0.0 | 98.4 | In |
Call | TRGP Option Call 20-12-2024 110 | 0 | 2024-12-20 | 0.0 - 0.0 | 91.0 | In |
Call | TRGP Option Call 20-12-2024 115 | 0 | 2024-12-20 | 0.0 - 0.0 | 85.7 | In |
Call | TRGP Option Call 20-12-2024 120 | 0 | 2024-12-20 | 0.0 - 0.0 | 50.0 | In |
Call | TRGP Option Call 20-12-2024 125 | 40 | 2024-12-20 | 63.5 - 67.6 | 42.94 | In |
Call | TRGP Option Call 20-12-2024 130 | 258 | 2024-12-20 | 70.4 - 74.5 | 33.2 | In |
Call | TRGP Option Call 20-12-2024 135 | 0 | 2024-12-20 | 0.0 - 0.0 | 38.25 | In |
Call | TRGP Option Call 20-12-2024 140 | 35 | 2024-12-20 | 54.6 - 59.0 | 26.82 | In |
Call | TRGP Option Call 20-12-2024 145 | 0 | 2024-12-20 | 0.0 - 0.0 | 62.86 | In |
Call | TRGP Option Call 20-12-2024 150 | 0 | 2024-12-20 | 0.0 - 0.0 | 57.6 | In |
Call | TRGP Option Call 20-12-2024 155 | 0 | 2024-12-20 | 0.0 - 0.0 | 47.46 | In |
Call | TRGP Option Call 20-12-2024 160 | 0 | 2024-12-20 | 0.0 - 0.0 | 33.5 | In |
Call | TRGP Option Call 20-12-2024 165 | 0 | 2024-12-20 | 0.0 - 0.0 | 35.5 | In |
Call | TRGP Option Call 20-12-2024 170 | 0 | 2024-12-20 | 0.0 - 0.0 | 32.64 | In |
Call | TRGP Option Call 20-12-2024 175 | 0 | 2024-12-20 | 0.0 - 0.0 | 29.2 | In |
Call | TRGP Option Call 20-12-2024 180 | 0 | 2024-12-20 | 0.0 - 0.0 | 23.2 | In |
Call | TRGP Option Call 20-12-2024 185 | 0 | 2024-12-20 | 0.0 - 0.0 | 19.8 | In |
Call | TRGP Option Call 20-12-2024 190 | 0 | 2024-12-20 | 0.0 - 0.0 | 14.6 | In |
Call | TRGP Option Call 20-12-2024 195 | 0 | 2024-12-20 | 0.0 - 0.0 | 9.8 | In |
Call | TRGP Option Call 20-12-2024 200 | 0 | 2024-12-20 | 0.0 - 0.0 | 7.2 | In |
Call | TRGP Option Call 20-12-2024 210 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.6 | |
Call | TRGP Option Call 20-12-2024 220 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.85 | |
Call | TRGP Option Call 20-12-2024 230 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.3 | |
Put | TRGP Option Put 20-12-2024 60 | 1 | 2024-12-20 | 0.0 - 0.0 | 1.05 | Out |
Put | TRGP Option Put 20-12-2024 77 | 6 | 2024-12-20 | 1.1 - 1.2 | 2.3 | Out |
Put | TRGP Option Put 20-12-2024 85 | 5 | 2024-12-20 | 1.9 - 2.1 | 3.9 | Out |
Put | TRGP Option Put 20-12-2024 90 | 2 | 2024-12-20 | 1.3 - 1.65 | 2.0 | Out |
Put | TRGP Option Put 20-12-2024 92 | 47 | 2024-12-20 | 2.15 - 2.5 | 2.2 | Out |
Put | TRGP Option Put 20-12-2024 95 | 16 | 2024-12-20 | 1.65 - 1.85 | 2.9 | Out |
Put | TRGP Option Put 20-12-2024 100 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.23 | |
Put | TRGP Option Put 20-12-2024 105 | 41 | 2024-12-20 | 0.65 - 2.15 | 1.87 | Out |
Put | TRGP Option Put 20-12-2024 110 | 224 | 2024-12-20 | 1.1 - 1.6 | 2.8 | Out |
Put | TRGP Option Put 20-12-2024 115 | 134 | 2024-12-20 | 0.0 - 2.35 | 0.45 | Out |
Put | TRGP Option Put 20-12-2024 120 | 93 | 2024-12-20 | 0.0 - 2.45 | 0.65 | Out |
Put | TRGP Option Put 20-12-2024 125 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.15 | |
Put | TRGP Option Put 20-12-2024 130 | 10 | 2024-12-20 | 0.0 - 0.85 | 2.32 | Out |
Put | TRGP Option Put 20-12-2024 135 | 126 | 2024-12-20 | 0.4 - 0.95 | 3.35 | Out |
Put | TRGP Option Put 20-12-2024 140 | 49 | 2024-12-20 | 0.0 - 2.55 | 1.4 | Out |
Put | TRGP Option Put 20-12-2024 145 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.18 | |
Put | TRGP Option Put 20-12-2024 150 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.2 | |
Put | TRGP Option Put 20-12-2024 155 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.06 | |
Put | TRGP Option Put 20-12-2024 160 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.09 | |
Put | TRGP Option Put 20-12-2024 165 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.92 | |
Put | TRGP Option Put 20-12-2024 170 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.78 | |
Put | TRGP Option Put 20-12-2024 175 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.2 | |
Put | TRGP Option Put 20-12-2024 180 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.7 | |
Put | TRGP Option Put 20-12-2024 185 | 0 | 2024-12-20 | 0.0 - 0.0 | 0.8 | |
Put | TRGP Option Put 20-12-2024 190 | 0 | 2024-12-20 | 0.0 - 0.0 | 1.3 | |
Put | TRGP Option Put 20-12-2024 195 | 0 | 2024-12-20 | 0.0 - 0.0 | 2.5 | |
Put | TRGP Option Put 20-12-2024 200 | 0 | 2024-12-20 | 0.0 - 0.0 | 3.8 | |
Put | TRGP Option Put 20-12-2024 210 | 0 | 2024-12-20 | 0.0 - 0.0 | 10.0 | In |
Targa Total Stockholder Equity
Total Stockholder Equity |
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Targa Resources Corporate Directors
| Ershel Redd | Independent Director | Profile | |
| Robert Evans | Independent Director | Profile | |
| Waters Davis | Independent Director | Profile | |
| Charles Crisp | Independent Director | Profile |
Additional Tools for Targa Stock Analysis
When running Targa Resources' price analysis, check to measure Targa Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Targa Resources is operating at the current time. Most of Targa Resources' value examination focuses on studying past and present price action to predict the probability of Targa Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Targa Resources' price. Additionally, you may evaluate how the addition of Targa Resources to your portfolios can decrease your overall portfolio volatility.