Behind the Scenes of Phillips 66's Latest Options Trends
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Phillips 66 (NYSE:PSX), with Benzinga's options scanner revealing 21 significant trades. The sentiment is predominantly bullish with a split of 57% bullish and 42% bearish. Notable trades include a mix of calls and puts with a focus on strike prices ranging from $40.0 to $145.0. Phillips 66, an independent refiner, is currently trading at $145.34, with a volume of 1,852,285 and may be considered overbought based on RSI readings. Analysts from Wells Fargo, Raymond James, and Barclays have issued ratings with a consensus target price of $152.33.
February 15, 2024 | 8:31 pm
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Phillips 66 has seen a bullish sentiment from high-rolling investors with a mix of calls and puts indicating a potential price window from $40.0 to $145.0. Currently trading at $145.34, analysts have set a consensus target price of $152.33.
The bullish sentiment among high-rolling investors, combined with the current trading price close to the upper end of the projected price window and analyst ratings, suggests a positive short-term impact on PSX's stock price. The volume of options trades and the consensus target price above the current trading price further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100