High-rolling investors have positioned themselves bullish on Targa Resources TRGP, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in TRGP often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for Targa Resources. This is not a typical pattern.
The sentiment among these major traders is split, with 87% bullish and 12% bearish. Among all the options we identified, there was one put, amounting to $28,800, and 7 calls, totaling $509,139.
Expected Price Movements
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $175.0 to $230.0 for Targa Resources during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Targa Resources's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Targa Resources's whale activity within a strike price range from $175.0 to $230.0 in the last 30 days.
Targa Resources Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| TRGP | CALL | SWEEP | BULLISH | 01/17/25 | $29.2 | $27.2 | $28.8 | $185.00 | $106.1K | 836 | 64 |
| TRGP | CALL | TRADE | BULLISH | 01/17/25 | $26.9 | $26.9 | $26.9 | $190.00 | $102.2K | 702 | 38 |
| TRGP | CALL | TRADE | BULLISH | 01/17/25 | $39.4 | $36.8 | $38.8 | $175.00 | $100.8K | 326 | 0 |
| TRGP | CALL | SWEEP | BULLISH | 01/17/25 | $29.2 | $27.2 | $28.66 | $185.00 | $80.1K | 836 | 25 |
| TRGP | CALL | SWEEP | BULLISH | 01/17/25 | $28.7 | $27.2 | $28.7 | $185.00 | $45.9K | 836 | 95 |
About Targa Resources
Targa Resources is a midstream firm that primarily operates gathering and processing assets with substantial positions in the Permian, Stack, Scoop, and Bakken plays. It has fractionation capacity at Mont Belvieu and operates a liquefied petroleum gas export terminal. The Grand Prix natural gas liquids pipeline is another important asset.
Following our analysis of the options activities associated with Targa Resources, we pivot to a closer look at the company's own performance.
Current Position of Targa Resources
- Trading volume stands at 863,594, with TRGP's price up by 1.55%, positioned at $216.26.
- RSI indicators show the stock to be may be overbought.
- Earnings announcement expected in 34 days.
What The Experts Say On Targa Resources
3 market experts have recently issued ratings for this stock, with a consensus target price of $215.0.
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20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. Click here for access. * Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on Targa Resources with a target price of $204. * Reflecting concerns, an analyst from Scotiabank lowers its rating to Sector Outperform with a new price target of $218. * Maintaining their stance, an analyst from Goldman Sachs continues to hold a Buy rating for Targa Resources, targeting a price of $223.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Targa Resources with Benzinga Pro for real-time alerts.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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