Commit To Buy Targa Resources Corp At $25, Earn 6.4% Using Options
May 02, 2019 at 11:53 AM EDT
Investors eyeing a purchase of Targa Resources Corp (TRGP) shares, but tentative about paying the going market price of $38.93/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2021 put at the $25 strike, which has a bid at the time of this writing of $1.60..