PSX Forecast



Bearish<—>Bullish



80% Confidence




Bullish Case: Recent high call trading volume indicates strong bullish sentiment, anticipating potential value creation from strategic moves and Elliott's influence.




Bearish Case: Backwardation in the term structure suggests near-term volatility due to geopolitical and climate-related lawsuits, posing downside risks.




Potential Outcomes: Strategic divestments and asset efficiency (40%); legal challenges impact (30%); volatility affects margins (30%).



June 26, 2025


Phillips 66 Forecast

PSX        Phillips 66











Correlated Assets

Assets that tend to move strongly with PSX



NUE Forecast + Options Trading Strategies   NUE  Nucor (0.9)


ST Forecast + Options Trading Strategies   ST  Sensata (0.89)


MUR Forecast + Options Trading Strategies   MUR  Murphy Oil (0.88)


CLF Forecast + Options Trading Strategies   CLF  Cleveland-Cliffs (0.88)


NXPI Forecast + Options Trading Strategies   NXPI  NXP Semiconductors (0.87)



Uncorrelated Assets

Assets with little price relationship to PSX



XLK Forecast + Options Trading Strategies   XLK  Technology Select Sector SPDR (0.01)


SUN Forecast + Options Trading Strategies   SUN  Sunoco (0.01)


EA Forecast + Options Trading Strategies   EA  Electronic Arts (-0.01)


FITB Forecast + Options Trading Strategies   FITB  Fifth Third Bancorp (0.01)


TAL Forecast + Options Trading Strategies   TAL  TAL Education (-0.02)



Anticorrelated Assets

Assets that tend to move strongly against PSX



VRSN Forecast + Options Trading Strategies   VRSN  Verisign (-0.74)


LRN Forecast + Options Trading Strategies   LRN  Stride (-0.76)


CORT Forecast + Options Trading Strategies   CORT  Corcept Therapeutics (-0.76)


SAP Forecast + Options Trading Strategies   SAP  Sap SE (-0.77)


EOSE Forecast + Options Trading Strategies   EOSE  Eos Energy Enterprises (-0.83)









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