Targa Resources Corp. (TRGP)
NYSE: TRGP
· Real-Time Price · USD
160.55
-0.50 (-0.31%)
At close: Aug 19, 2025, 3:59 PM
160.77
0.14%
After-hours: Aug 19, 2025, 06:09 PM EDT
TRGP Delta Exposure By Expiry
The total Delta Exposure (DEX) for TRGP across all expirations shows 226,562.63 net shares that market makers must hedge, with 488,345.89 from calls and 261,783.26 from puts. The put-call delta ratio of 0.54 suggests neutral market maker positioning. The largest delta concentration at Dec 19, 25 with 143,991.74 net DEX represents significant hedging pressure that may cap upside moves. The nearest expiration on Sep 19, 25 carries positive delta requiring market makers to short shares, potentially creating resistance.
TRGP DEX Table
| Expiry Date | Call Delta | Put Delta | Net Delta | P/C Delta |
|---|---|---|---|---|
| Sep 19, 25 | 138,290.4 | -125,449.07 | 12,841.33 | 0.91 |
| Oct 17, 25 | 30,879.49 | -27,781.33 | 3,098.16 | 0.90 |
| Nov 21, 25 | 0 | 0 | 0 | n/a |
| Dec 19, 25 | 203,990.12 | -59,998.38 | 143,991.74 | 0.29 |
| Jan 16, 26 | 37,708.95 | -23,717.65 | 13,991.3 | 0.63 |
| Mar 20, 26 | 35,389.5 | -10,944.93 | 24,444.57 | 0.31 |
| Apr 17, 26 | 0 | 0 | 0 | n/a |
| Jun 18, 26 | 26,070.29 | -10,832.63 | 15,237.66 | 0.42 |
| Sep 18, 26 | 16,017.14 | -3,059.27 | 12,957.87 | 0.19 |