Phillips 66 Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Phillips 66 (NYSE:PSX), with a large position indicating a bullish stance. The sentiment among these big-money traders is 70% bullish and 30% bearish. The targeted price range for Phillips 66 over the last 3 months is from $105.0 to $150.0. The current price of PSX is up 2.93% at $122.23. Analysts from Goldman Sachs, Wells Fargo, Mizuho, and Argus Research have maintained their ratings on Phillips 66, with price targets ranging from $127 to $144.
September 08, 2023 | 8:45 pm
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Phillips 66 has seen unusual options activity, with a large bullish position. The targeted price range is $105-$150. The current price is up 2.93% at $122.23. Analysts have maintained their ratings, with price targets from $127-$144.
The unusual options activity, particularly the large bullish position, indicates that big-money traders expect the price of Phillips 66 to rise. This is further supported by the maintained ratings and price targets from analysts, which are all above the current price of $122.23. Therefore, the short-term impact on the stock price is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100