PSX Forecast + Trading Strategies


Bullish Case: With a relatively stable options term structure and bullish risk 32% higher than bearish risk, Phillips 66 shows resilience despite the recent decline, indicating potential for recovery.


Bearish Case: A downward trend in historical price returns, reduced institutional investments, and a recent decline in market sentiment suggest ongoing volatility and further downside risk for PSX.


Potential Outcomes:

1. Price stability with moderate growth (40%),

2. Continued volatility influenced by market conditions (30%),

3. Decline due to prevailing bearish sentiment (30%).


Trading Oracle: Initiate a bearish short volatility strategy by selling 141 C and buying 146 C expiring in ~3 days. This optimizes Helium's positive edge and favorable market conditions, targeting high reward: risk of 1:0.2. Execute with confidence in short-term downside momentum.


July 03, 2024


Phillips 66 Forecast

PSX      Phillips 66











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Assets that tend to move strongly with PSX



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MPC Forecast + Options Trading Strategies   MPC  Marathon Petroleum (0.93)


TM Forecast + Options Trading Strategies   TM  Toyota Motor (0.93)


TGT Forecast + Options Trading Strategies   TGT  Target (0.92)


INFA Forecast + Options Trading Strategies   INFA  Informatica (0.92)



Uncorrelated Assets

Assets with little price relationship to PSX



VAC Forecast + Options Trading Strategies   VAC  Marriott Vacations Worldwide (-0.0)


CVI Forecast + Options Trading Strategies   CVI  CVR Energy (0.0)


UVIX Forecast + Options Trading Strategies   UVIX  VS Trust - 2x Long VIX Futures (0.0)


DE Forecast + Options Trading Strategies   DE  Deere (0.0)


LTPZ Forecast + Options Trading Strategies   LTPZ  PIMCO 15+ Year U.S. TIPS Index Exchange-Traded (-0.0)



Anticorrelated Assets

Assets that tend to move strongly against PSX



EXTR Forecast + Options Trading Strategies   EXTR  Extreme Networks (-0.87)


BOIL Forecast + Options Trading Strategies   BOIL  ProShares Ultra Bloomberg Natural Gas (-0.88)


HUM Forecast + Options Trading Strategies   HUM  Humana (-0.89)


AGL Forecast + Options Trading Strategies   AGL  Agilon Health (-0.9)


AMC Forecast + Options Trading Strategies   AMC  AMC Entertainment (-0.91)


PSX News over Time





Click points to explore news by date. News sentiment ranges from -10 (very negative) to +10 (very positive) where 0 is neutral.






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