A Curated Platform of Equity & Options Market Intelligence
Select Page

Hawk’s Nest

Midstream Oil & Gas Name Sees Unusual OTM Call Buyer

by | Aug 31, 2022

Targa Resources (TRGP) unusual buys of 1000 far OTM January $90 calls at $0.90 as the stock rebounds today off the 55 EMA and YTD VWAP support near 67. The company is a leading provider of midstream services and is one of the largest independent midstream infrastructure companies in North America. TRGP has a bit of resistance into the 70 level but above that could move back to highs of 80 earlier this year as its chart is still in bull mode and nearing a bullish MACD cross on the weekly timeframe.