Targa Resources Corp. (TRGP)
Targa Resources Max Pain By Strike
TRGP trades at $164.25, pinned near the near-term max pain of $165 expiring Sep 19, 2025 (28 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($85-$170), reflecting growing call interest at higher strikes. Key magnetic zone at 165 where 2 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Targa Resources Max Pain By Expiry
Max pain for TRGP shows an upward trend from 85 to 170, suggesting bullish positioning in longer-dated options. The 66% spread signals divergent expectations across timeframes. Levels distributed around 164.25. Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Sep 19, 2025 | 165 | 0.75 (0.45%) |
| Oct 17, 2025 | 165 | 0.75 (0.45%) |
| Nov 21, 2025 | 100 | -64.25 (-39.12%) |
| Dec 19, 2025 | 125 | -39.25 (-23.90%) |
| Jan 16, 2026 | 170 | 5.75 (3.50%) |
| Mar 20, 2026 | 105 | -59.25 (-36.08%) |
| Apr 17, 2026 | 85 | -79.25 (-48.25%) |
| Jun 18, 2026 | 155 | -9.25 (-5.63%) |
| Sep 18, 2026 | 95 | -69.25 (-42.16%) |