Targa Resources (TRGP) Options Chain
NYSE: TRGPUtilitiesNatural Gas DistributionUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Expiration date
- Expiration
- Apr 16, 2027
- Days to expiration
- 187
- Share price
- $286.70
- Put/call ratio (OI)
- 294.00
- Put/call ratio (volume)
- 5.00
- Expected move
- ±$73.06
- Open interest (C / P)
- 11 / 3.23K
TRGP options summary
The TRGP options chain for the April 16, 2027 expiration lists 7 call and 11 put contracts, with 187 days until expiration. Open interest stands at 11 calls and 3,234 puts, a put/call ratio of 294.00, which is more bearish, with puts outnumbering calls. At-the-money implied volatility near the $290.00 strike is 35.6%, which implies the market expects a move of about ±$73.06 (25.5%) in Targa Resources stock by expiration.
The most open interest sits at the $300.00 call (3 contracts) and the $300.00 put (1.61K contracts).
Summary generated from market data by MetaCap's automated system. Methodology
TRGP options chain · April 16, 2027
| Calls | Puts | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Last | Bid | Ask | Strike | Bid | Ask | Last | |||||
| — | — | — | 180.00 | 0.05 | 2.90 | 1.35 | |||||
| — | — | — | 185.00 | 0.05 | 2.40 | 1.70 | |||||
| — | — | — | 190.00 | 0.05 | 2.60 | 2.10 | |||||
| — | — | — | 195.00 | 0.15 | 2.80 | 2.55 | |||||
| — | — | — | 200.00 | 0.50 | 3.30 | 2.60 | |||||
| — | — | — | 210.00 | 1.20 | 3.70 | 3.34 | |||||
| — | — | — | 220.00 | 2.65 | 4.80 | 4.80 | |||||
| — | — | — | 240.00 | 5.60 | 8.40 | 9.26 | |||||
| 55.10 | 47.60 | 51.20 | 250.00 | — | — | — | |||||
| 35.00 | 30.20 | 32.60 | 280.00 | 19.40 | 22.10 | 23.20 | |||||
| 22.50 | 25.20 | 27.70 | 290.00 | — | — | — | |||||
| 16.60 | 21.20 | 23.40 | 300.00 | 29.90 | 32.90 | 36.82 | |||||
| — | — | — | 310.00 | 36.20 | 39.10 | 43.63 | |||||
| 2.75 | 0.25 | 3.60 | 420.00 | — | — | — | |||||
| 2.60 | 0.05 | 2.65 | 430.00 | — | — | — | |||||
| 2.10 | 0.05 | 2.55 | 440.00 | — | — | — | |||||
In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.
Frequently asked questions
What is the TRGP put/call ratio?
For the April 16, 2027 expiration, the TRGP put/call ratio based on open interest is 294.00 (3,234 puts vs 11 calls), and 5.00 based on today's volume. A ratio above 1 means more puts than calls.
What is TRGP's implied volatility?
At-the-money implied volatility for TRGP options expiring April 16, 2027 is about 35.6%, an annualized estimate of how much the market expects Targa Resources stock to move.
How many TRGP option expiration dates are there?
TRGP has 8 listed expiration dates, from Oct 16, 2026 to Sep 17, 2027.
What does "in the money" mean?
A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.