TRGP options flow: unusual options activity in Targa Resources Corp.

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 12 unusual options prints in Targa Resources Corp. (TRGP), $571K of tracked premium, leaning bullish. Bullish premium was $284K against $187K bearish; $486K went into calls and $84K into puts, a put call ratio of 0.17. The largest print was $84K of TRGP 18 Dec 2026 $290 puts on 21 September 2026, swept at bid. The last session with prints, 25 September 2026, added 4 prints and $170K of premium. TRGP closed at $277.84 on 25 September 2026, down 1.9%.

This week's unusual flow

Prints from 21 September 2026 to 25 September 2026, 5 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

The most premium, $425K, is aimed at the 20 Nov 2026 expiry; the nearest expiry with unusual prints is 16 Oct 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 25 September 2026

Every print in TRGP with its full detail, the live tape, one tap filters and saved screeners: open TRGP in Options Sentiment Screener.

Price

The live quote and the price chart sit beside the ticker's flow in the app: open TRGP in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 12 firms, have a median of $331, 19.1% above the last close. The last 90 days brought 1 upgrade.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Targa Resources Corp.

Exchange

NYSE

Sector

Energy

Industry

Utilities

Headquarters

HOUSTON, Texas

Website

targaresources.com

Targa Resources Corp. owns, operates, acquires, and develops a portfolio of midstream energy assets in North America. It operates approximately 28,400 miles of natural gas pipelines, including 42 owned and operated processing plants. As of December 31, 2021, the company leased and managed approximately 648 railcars; 119 transport tractors; and two company-owned pressurized NGL barges.

In the same sector

Flow pages for other Energy names in the S&P 500:

XOM ExxonMobil Holdings Corp.CVX Chevron Corp.COP ConocoPhillipsVLO Valero Energy Corp.MPC Marathon Petroleum Corp.PSX Phillips 66WMB Williams Companies, Inc.SLB SLB Limited

Learn

• What unusual options activity means
• Reading one ticker's flow
• Sweeps, blocks and where a trade printed
• Size versus open interest
• Bullish or bearish, how a print's sentiment is inferred
• The conviction score and whale prints