Earnings DashboardMiss
TRGP
reportedTARGA RESOURCES CORP
Time TBDlarge capThursday, May 7, 2026
Expected Move Analysis
Expected
8.4%
Current Stock Price
$272.60
Expected Move
±8.4%
±$22.90
IV Rank
44
Moderate
Put/Call Ratio
0.70
Bullish bias
Earnings Results
Earnings Per Share (EPS)
Estimate
$2.45
Actual
$0.91
Analysis & Commentary
TARGA RESOURCES CORP (TRGP) reports earnings Thursday . Consensus EPS estimate is $2.45.
IV Rank sits at 44, indicating fairly-priced options. Neither premium sellers nor buyers have a clear structural edge here — let your directional thesis guide the trade.
A calendar spread could benefit from the front-month IV crush while maintaining exposure through the back month. Sell the weekly expiration and buy 30-45 DTE.
Enter 2-3 days before earnings. Sell the weekly expiration (front month) and buy 30-45 DTE (back month). The goal is for the front month to decay rapidly with the IV crush while the back month retains value.