TRGP Targa Resources Corp
$291.81 · +1.15% vs $288.49 close · scored 15:49 · stale
Decision brief
BULLISH · 62/100
What changed
No prior comparable read.
Evidence is stale — treat this read cautiously.
What would change the view
composite falls below +15 · confidence deteriorates materially from 62/100
For the read
options volume favours calls · open interest agrees with the read
Against / uncertainty
signal stability is low
The read
Strongly bullish, moderately evidenced , but it’s confirming price rather than calling it.
−100 bearish 0 bullish +100
+60.4 composite+97.5 vs a week ago
Evidence
62 / 100 · top 32% today
1,099 contracts · quality 77 · stability 0.00
hasn’t paid −0.01% · n=92,310
What traded today · weight 62%
+38.2 pts
888 calls · 80.8% 211 puts
bias +61.6 × 0.62
What’s on the books · weight 38%
+22.2 pts
8,356 call OI · 79.2% 2,193 put OI
bias +58.4 × 0.38
Equals
+60.4
63% of the score comes from today’s volume, 37% from open interest. Disagree with either?
See the method.
— price ◆ big one-day moves 30d: price −1.97% · tape −28.3 · corr -0.13
● peak +86 ▼ low −37.1 ◆ −113.5 in a day 09-25 09-27 09-29 10-01 10-03 10-05 10-08 10-09 $288 $250 Plain English: Over 30 days, price has fallen 1.97% while the tape has faded 28.3 points. They agree.
03
Should you trust it? note Some evidence, not a lot confidence 62 (68th pct) · quality 77 · 1,099 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid strongly bullish · call-heavy · low liquidity → −0.01% avg, n=92,310
note Tape is confirming, not predicting price has led TRGP’s tape by 3 days (r=0.25, n=44)
note Stretched vs its own history today’s tape sits low relative to price
against Our record on TRGP is poor 11% hit rate on 300 closed calls · payoff 1.12×
04
Where the positions sit calls traded strike puts traded
Spot $291.81 highlighted. The $300 strike holds the most open interest (the “wall”, 2,065). Near-dated expiry in the mix, so OI is noisier.
05 Our record on TRGP Proof 9 Oct · 4h
$291.81 → $291.81
+0.00% flat
9 Oct · 4h
$272.32 → $291.81
+7.16% hit
9 Oct · 4h
$288.11 → $291.81
+1.28% hit
9 Oct · 4h
$288.49 → $291.81
+1.15% hit
One rule everywhere: a move of 0.05% or less is flat , and flat is not a hit. That is the same rule Proof uses; 165 of these 300 calls were flat.
06
Catalysts & context EPS surprise · last 4 quarters
Street Buy-leaning Next report —
P/E 27.75 · fwd 23.17 Beta 0.782
52w $144.14–$307.94 IV rank —
Ask about TRGP answers from FlowDesk data only
You
Why did the score drop from +76 to +60 this week?
FlowDesk
It was mostly one day. The composite was +76.5 on 1 Oct, then fell to −37.1 on 2 Oct as the price moved from $273.49 to $279.31. It’s at +60.4 now.+38.2 from volume and +22.2 from open interest. I can’t split past days the same way: the stored history keeps call/put volume but not open interest for past days.
tape_history · 45 pts stock_scores · 15:49 method · 62/38
Compare with OXY Why is our TRGP record what it is? What’s the $300 wall?
What our data projects
−0.40 points vs the market, next 5 trading days
#535 of 635 · helped by call/put volume tilt. Not trusted yet: context, not a call.
How Tell me when… The read flips to bearish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $300 wall price · above
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Sign in to set alerts. Composite, price and evidence rules work today; earnings and one-day-move rules aren’t built yet.
Targa Resources Corp · Energy
Strongly bullish, moderately evidenced . It’s confirming price rather than calling it.
−100 bearish 0 bullish +100
+60.4 evidence
hasn’t paid −0.01% · n=92,310
Why it’s +60
+38.2 volume · 81% calls+22.2 OI · 79% calls
14 days · tape bars, price line
◆ −113.5 09-25 09-27 09-29 10-01 10-03 10-05 10-08 10-09 $288 $250 Price −1.97%, tape −28.3 over 30 days. The two agree.
Should you trust it?
note Some evidence, not a lot confidence 62 (68th pct) · quality 77 · 1,099 contracts
note Jumpy 0.00 vs 7-day rolling · choppiness 0
against This kind of read hasn’t paid strongly bullish · call-heavy · low liquidity → −0.01% avg, n=92,310
note Tape is confirming, not predicting price has led TRGP’s tape by 3 days (r=0.25, n=44)
What traded today · 62%
+38.2 pts
888 calls · 211 puts · bias +61.6
What’s on the books · 38%
+22.2 pts
8,356 call OI · 2,193 put OI · bias +58.4
— price ◆ big one-day moves 30d: price −1.97% · tape −28.3 · corr -0.13
● peak +86 ▼ low −37.1 ◆ −113.5 in a day 09-25 09-27 09-29 10-01 10-03 10-05 10-08 10-09 $288 $250 Over 30 days, price has fallen 1.97% while the tape has faded 28.3 points. They agree.
11% hit rate · 300 closed
9 Oct · 4h
$291.81 → $291.81
+0.00% flat
9 Oct · 4h
$272.32 → $291.81
+7.16% hit
9 Oct · 4h
$288.11 → $291.81
+1.28% hit
9 Oct · 4h
$288.49 → $291.81
+1.15% hit
The read flips to bearish composite · crosses 0
Evidence drops below 60 conf · below
Price reaches the $300 wall price · above
3 days before earnings not yet · earnings
Score moves ≥10 in a day not yet · delta
Ask about TRGP
Why did the score drop from +76 to +60 this week?
It was mostly one day. The composite was +76.5 on 1 Oct, then fell to −37.1 on 2 Oct as the price moved from $273.49 to $279.31. It’s at +60.4 now.+38.2 from volume and +22.2 from open interest. I can’t split past days the same way: the stored history keeps call/put volume but not open interest for past days.
tape_history · 45 pts stock_scores · 15:49 method · 62/38
Compare with OXY Why is our TRGP record what it is? What’s the $300 wall?