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Shareholders of Targa Resources Corp (TRGP) can enhance their income by selling a June 2026 covered call option at a $170 strike price, collecting a premium of $13.30, which translates to an annualized return of 10.7%. This would result in a total annualized rate of 13.2%, assuming the stock is not called away. If the stock reaches $170, shareholders may gain a total return of 14.3% including dividends.
As of the latest trading data, Targa Resources’ stock is priced at $159.35, with a trailing twelve-month volatility recorded at 36%. Current options trading shows a put volume of 1.01 million contracts against call volume of 1.85 million, yielding a put:call ratio of 0.54.
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