TRGP · Targa Resources Corp.

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$281.33 -4.25 (-1.49%) At close · Jul 24

Market Cap

$60.39B

214.64M

Options Chain

15-min delayed Underlying $281.33 · at close Jul 24, 2026 Options Calculator

Positioning

Aug 21, 2026 · 25 days to expiry · 70 contracts

Put / call OI

0.21

Call-heavy positioning

Open interest

5,405

contracts outstanding

Volume

490

traded today

Max pain

$270.00

$11.33 below spot

ATM implied vol

37.8%

market's expected move

Open interest by strike · near the money

Calls Puts

125

130

135

140

145

150

155

160

165

170

175

180

185

190

195

200

210

220

230

240

250

260

270

280

290

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310

320

330

340

350

360

370

380

390

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Aug 21 25d Sep 18 53d Oct 16 81d Dec 18 144d Jan 15 172d Mar 19 235d Jun 17 325d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
0	—	245.3%	0.938	—		—	—	—	—	0
Call · $125 In the money Last — Breakeven — Implied vol 245.3% Delta 0.938 ≈94% ITM Gamma 0.001 Theta -0.424 Vega 0.082 Open interest 0 Model this call Put · $125 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	233.3%	0.936	—		—	—	—	—	0
Call · $130 In the money Last — Breakeven — Implied vol 233.3% Delta 0.936 ≈94% ITM Gamma 0.001 Theta -0.414 Vega 0.084 Open interest 0 Model this call Put · $130 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	224.7%	0.933	—		—	—	—	—	0
Call · $135 In the money Last — Breakeven — Implied vol 224.7% Delta 0.933 ≈93% ITM Gamma 0.001 Theta -0.416 Vega 0.086 Open interest 0 Model this call Put · $135 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	215.4%	0.93	—		—	—	—	—	0
Call · $140 In the money Last — Breakeven — Implied vol 215.4% Delta 0.93 ≈93% ITM Gamma 0.001 Theta -0.414 Vega 0.088 Open interest 0 Model this call Put · $140 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	205.8%	0.927	—		—	—	—	—	0
Call · $145 In the money Last — Breakeven — Implied vol 205.8% Delta 0.927 ≈93% ITM Gamma 0.001 Theta -0.408 Vega 0.09 Open interest 0 Model this call Put · $145 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	197.1%	0.923	—		—	—	—	—	0
Call · $150 In the money Last — Breakeven — Implied vol 197.1% Delta 0.923 ≈92% ITM Gamma 0.001 Theta -0.406 Vega 0.091 Open interest 0 Model this call Put · $150 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	188.2%	0.92	—		—	—	—	—	0
Call · $155 In the money Last — Breakeven — Implied vol 188.2% Delta 0.92 ≈92% ITM Gamma 0.001 Theta -0.4 Vega 0.093 Open interest 0 Model this call Put · $155 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	180.7%	0.916	—		—	—	—	—	0
Call · $160 In the money Last — Breakeven — Implied vol 180.7% Delta 0.916 ≈92% ITM Gamma 0.001 Theta -0.4 Vega 0.095 Open interest 0 Model this call Put · $160 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	173.5%	0.912	—		—	—	—	—	0
Call · $165 In the money Last — Breakeven — Implied vol 173.5% Delta 0.912 ≈91% ITM Gamma 0.001 Theta -0.399 Vega 0.097 Open interest 0 Model this call Put · $165 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	165.9%	0.908	—		$0.13	-0.016	91%	2	2
Call · $170 In the money Last — Breakeven — Implied vol 165.9% Delta 0.908 ≈91% ITM Gamma 0.001 Theta -0.396 Vega 0.098 Open interest 0 Model this call Put · $170 Last $0.13 Breakeven $169.87 Implied vol 91% Delta -0.016 ≈2% ITM Gamma 0.001 Theta -0.052 Vega 0.029 Open interest 2 Model this put
0	—	157.8%	0.904	—		—	-0.017	86.2%	—	0
Call · $175 In the money Last — Breakeven — Implied vol 157.8% Delta 0.904 ≈90% ITM Gamma 0.001 Theta -0.389 Vega 0.15 Open interest 0 Model this call Put · $175 Last — Breakeven — Implied vol 86.2% Delta -0.017 ≈2% ITM Gamma 0.001 Theta -0.051 Vega 0.029 Open interest 0 Model this put
0	—	149.5%	0.9	—		$0.20	-0.018	81.5%	1	1
Call · $180 In the money Last — Breakeven — Implied vol 149.5% Delta 0.9 ≈90% ITM Gamma 0.002 Theta -0.38 Vega 0.152 Open interest 0 Model this call Put · $180 Last $0.20 Breakeven $179.80 Implied vol 81.5% Delta -0.018 ≈2% ITM Gamma 0.001 Theta -0.051 Vega 0.03 Open interest 1 Model this put
0	—	141.8%	0.895	—		—	-0.019	77%	—	0
Call · $185 In the money Last — Breakeven — Implied vol 141.8% Delta 0.895 ≈90% ITM Gamma 0.002 Theta -0.372 Vega 0.155 Open interest 0 Model this call Put · $185 Last — Breakeven — Implied vol 77% Delta -0.019 ≈2% ITM Gamma 0.001 Theta -0.051 Vega 0.03 Open interest 0 Model this put
0	—	134%	0.89	—		—	-0.02	72.6%	—	0
Call · $190 In the money Last — Breakeven — Implied vol 134% Delta 0.89 ≈89% ITM Gamma 0.002 Theta -0.362 Vega 0.157 Open interest 0 Model this call Put · $190 Last — Breakeven — Implied vol 72.6% Delta -0.02 ≈2% ITM Gamma 0.001 Theta -0.05 Vega 0.03 Open interest 0 Model this put
0	—	127%	0.884	—		—	-0.023	69.9%	—	0
Call · $195 In the money Last — Breakeven — Implied vol 127% Delta 0.884 ≈88% ITM Gamma 0.002 Theta -0.356 Vega 0.159 Open interest 0 Model this call Put · $195 Last — Breakeven — Implied vol 69.9% Delta -0.023 ≈2% ITM Gamma 0.001 Theta -0.055 Vega 0.031 Open interest 0 Model this put
1	1	119.9%	0.878	$79.40		$1.69	-0.04	73.5%	1	1
Call · $200 In the money Last $79.40 Breakeven $279.40 Implied vol 119.9% Delta 0.878 ≈88% ITM Gamma 0.002 Theta -0.348 Vega 0.162 Open interest 1 Model this call Put · $200 Last $1.69 Breakeven $198.31 Implied vol 73.5% Delta -0.04 ≈4% ITM Gamma 0.002 Theta -0.09 Vega 0.062 Open interest 1 Model this put
11	11	106.2%	0.865	$63.15		—	-0.026	56%	—	0
Call · $210 In the money Last $63.15 Breakeven $273.15 Implied vol 106.2% Delta 0.865 ≈86% ITM Gamma 0.003 Theta -0.332 Vega 0.166 Open interest 11 Model this call Put · $210 Last — Breakeven — Implied vol 56% Delta -0.026 ≈3% ITM Gamma 0.001 Theta -0.048 Vega 0.064 Open interest 0 Model this put
0	—	94.1%	0.847	—		$1.70	-0.057	57.7%	1	7
Call · $220 In the money Last — Breakeven — Implied vol 94.1% Delta 0.847 ≈85% ITM Gamma 0.003 Theta -0.321 Vega 0.17 Open interest 0 Model this call Put · $220 Last $1.70 Breakeven $218.30 Implied vol 57.7% Delta -0.057 ≈6% ITM Gamma 0.003 Theta -0.096 Vega 0.066 Open interest 7 Model this put
4	1	81.7%	0.827	$53.14		$0.93	-0.066	47.8%	1	12
Call · $230 In the money Last $53.14 Breakeven $283.14 Implied vol 81.7% Delta 0.827 ≈83% ITM Gamma 0.004 Theta -0.305 Vega 0.174 Open interest 4 Model this call Put · $230 Last $0.93 Breakeven $229.07 Implied vol 47.8% Delta -0.066 ≈7% ITM Gamma 0.004 Theta -0.087 Vega 0.116 Open interest 12 Model this put
5	1	72%	0.795	$44.30		$0.90	-0.083	39.2%	251	255
Call · $240 In the money Last $44.30 Breakeven $284.30 Implied vol 72% Delta 0.795 ≈80% ITM Gamma 0.006 Theta -0.302 Vega 0.233 Open interest 5 Model this call Put · $240 Last $0.90 Breakeven $239.10 Implied vol 39.2% Delta -0.083 ≈8% ITM Gamma 0.005 Theta -0.084 Vega 0.118 Open interest 255 Model this put
5	1	63.5%	0.745	$39.52		$1.65	-0.134	34.8%	2	272
Call · $250 In the money Last $39.52 Breakeven $289.52 Implied vol 63.5% Delta 0.745 ≈74% ITM Gamma 0.007 Theta -0.298 Vega 0.238 Open interest 5 Model this call Put · $250 Last $1.65 Breakeven $248.35 Implied vol 34.8% Delta -0.134 ≈13% ITM Gamma 0.009 Theta -0.106 Vega 0.181 Open interest 272 Model this put
167	5	56.9%	0.678	$26.10		$3.20	-0.234	32.2%	63	82
Call · $260 In the money Last $26.10 Breakeven $286.10 Implied vol 56.9% Delta 0.678 ≈68% ITM Gamma 0.009 Theta -0.303 Vega 0.243 Open interest 167 Model this call Put · $260 Last $3.20 Breakeven $256.80 Implied vol 32.2% Delta -0.234 ≈23% ITM Gamma 0.013 Theta -0.139 Vega 0.242 Open interest 82 Model this put
123	4	50.1%	0.586	$23.34		$7.20	-0.383	29.4%	1	139
Call · $270 In the money Last $23.34 Breakeven $293.34 Implied vol 50.1% Delta 0.586 ≈59% ITM Gamma 0.011 Theta -0.285 Vega 0.284 Open interest 123 Model this call Put · $270 Last $7.20 Breakeven $262.80 Implied vol 29.4% Delta -0.383 ≈38% ITM Gamma 0.018 Theta -0.156 Vega 0.284 Open interest 139 Model this put
832	5	48.1%	0.475	$13.00		$8.70	-0.575	27.4%	87	146
Call · $280 In the money Last $13.00 Breakeven $293.00 Implied vol 48.1% Delta 0.475 ≈47% ITM Gamma 0.011 Theta -0.28 Vega 0.29 Open interest 832 Model this call Put · $280 Last $8.70 Breakeven $271.30 Implied vol 27.4% Delta -0.575 ≈58% ITM Gamma 0.02 Theta -0.147 Vega 0.291 Open interest 146 Model this put
Underlying $281.33
1.6k	2	45.3%	0.356	$10.80		$26.00	-0.802	22.4%	5	0
Call · $290 Last $10.80 Breakeven $300.80 Implied vol 45.3% Delta 0.356 ≈36% ITM Gamma 0.011 Theta -0.248 Vega 0.259 Open interest 1.6k Model this call Put · $290 In the money Last $26.00 Breakeven $264.00 Implied vol 22.4% Delta -0.802 ≈80% ITM Gamma 0.018 Theta -0.081 Vega 0.199 Open interest 0 Model this put
1.5k	7	44.9%	0.252	$5.00		—	—	—	—	0
Call · $300 Last $5.00 Breakeven $305.00 Implied vol 44.9% Delta 0.252 ≈25% ITM Gamma 0.01 Theta -0.211 Vega 0.264 Open interest 1.5k Model this call Put · $300 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
47	24	43.9%	0.168	$3.81		—	—	—	—	0
Call · $310 Last $3.81 Breakeven $313.81 Implied vol 43.9% Delta 0.168 ≈17% ITM Gamma 0.008 Theta -0.16 Vega 0.206 Open interest 47 Model this call Put · $310 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
10	1	42.8%	0.102	$1.97		$56.37	—	—	6	6
Call · $320 Last $1.97 Breakeven $321.97 Implied vol 42.8% Delta 0.102 ≈10% ITM Gamma 0.006 Theta -0.11 Vega 0.14 Open interest 10 Model this call Put · $320 In the money Last $56.37 Breakeven $263.63 Implied vol — Delta — Gamma — Theta — Vega — Open interest 6 Model this put
121	5	46.4%	0.076	$0.95		—	—	—	—	0
Call · $330 Last $0.95 Breakeven $330.95 Implied vol 46.4% Delta 0.076 ≈8% ITM Gamma 0.004 Theta -0.096 Vega 0.082 Open interest 121 Model this call Put · $330 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
4	1	46%	0.046	$0.60		—	—	—	—	0
Call · $340 Last $0.60 Breakeven $340.60 Implied vol 46% Delta 0.046 ≈5% ITM Gamma 0.003 Theta -0.064 Vega 0.084 Open interest 4 Model this call Put · $340 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	55.9%	0.06	—		—	—	—	—	0
Call · $350 Last — Breakeven — Implied vol 55.9% Delta 0.06 ≈6% ITM Gamma 0.003 Theta -0.096 Vega 0.085 Open interest 0 Model this call Put · $350 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	52.3%	0.03	—		—	—	—	—	0
Call · $360 Last — Breakeven — Implied vol 52.3% Delta 0.03 ≈3% ITM Gamma 0.002 Theta -0.05 Vega 0.043 Open interest 0 Model this call Put · $360 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	56.5%	0.028	—		—	—	—	—	0
Call · $370 Last — Breakeven — Implied vol 56.5% Delta 0.028 ≈3% ITM Gamma 0.002 Theta -0.051 Vega 0.044 Open interest 0 Model this call Put · $370 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	62.9%	0.031	—		—	—	—	—	0
Call · $380 Last — Breakeven — Implied vol 62.9% Delta 0.031 ≈3% ITM Gamma 0.002 Theta -0.062 Vega 0.044 Open interest 0 Model this call Put · $380 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
0	—	66.8%	0.029	—		—	—	—	—	0
Call · $390 Last — Breakeven — Implied vol 66.8% Delta 0.029 ≈3% ITM Gamma 0.001 Theta -0.063 Vega 0.045 Open interest 0 Model this call Put · $390 In the money Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 24 strikes around the money are shown by default — switch to "All 35" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1389170 CUSIP 87612G101 13F (30d) 270 filings 265 filers Visit website Investor relations