Commit To Buy Targa Resources Corp At $33, Earn 11.8% Using Options
December 01, 2016 at 11:51 AM EST
Investors eyeing a purchase of Targa Resources Corp (TRGP) shares, but cautious about paying the going market price of $53.31/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the January 2019 put at the $33 strike, which has a bid at the time of this writing of $3.90..