What the Options Market Tells Us About Phillips 66
Portfolio Pulse from Benzinga Insights
Investors have shown a bearish stance on Phillips 66 (NYSE:PSX) through significant options trading activity, with a split sentiment of 41% bullish and 58% bearish. Uncommon options trades were detected, indicating expectations of price movements between $140.0 to $200.0. Phillips 66, an independent refiner, has seen its stock price increase by 1.11% to $171.37, with analysts giving mixed ratings but generally leaning towards a positive outlook.
April 03, 2024 | 7:15 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Phillips 66 has seen bearish options trading despite a recent stock price increase and generally positive analyst ratings. Unusual trading activity suggests significant price movement expectations.
The bearish sentiment from options trading contrasts with the stock's recent performance and analyst ratings, indicating uncertainty. However, the significant options activity and price movement expectations suggest that investors should closely monitor PSX.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100