Quantchabot has detected a new Bull Put Spread trade opportunity for PHILLIPS 66 (PSX) for the 30-Jan-2026 expiration period. You can analyze the opportunity in depth over at the Quantcha Options Search Engine.
PSX was recently trading at $145.79 and has an implied volatility of 29.76% for this period. Based on an analysis of the options available for PSX expiring on 30-Jan-2026, there is a 34.46% likelihood that the underlying will close within the analyzed range of $145.91-$152.38 at expiration. In this scenario, the average linear return for the trade would be 10.34%.
52 week high: PHILLIPS 66 recently reached a new 52-week high at $146.88. PSX had traded in the range $91.01-$145.68 over the past year.
Trade approach: Reaching a new 52-week high is a bullish indicator, so this trade is designed to be profitable if PSX maintains its current direction and does not revert back to pricing on the bearish side of $145.79 on 30-Jan-2026. If possible, the trade has been padded such that slight movement against the trade would still return a profit.
Upside potential: Using this bullish strategy, the trade would be profitable if PHILLIPS 66 closes at or above $144.50 on 30-Jan-2026. Based on our risk-neutral analysis, there is a 58.95% likelihood of this return.
Downside risk: As with any options trade, there is a substantial downside risk where you may lose most or all of your investment.
To analyze this trade in depth, please visit the Quantcha Options Search Engine.
Leave a Reply
You must be logged in to post a comment.