Commit To Purchase Targa Resources Corp At $34, Earn 16.1% Annualized Using Options
June 01, 2016 at 12:49 PM EDT
Investors considering a purchase of Targa Resources Corp (TRGP) shares, but tentative about paying the going market price of $43.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2017 put at the $34 strike, which has a bid at the time of this writing of $3.50..