share_log

Phillips 66 Options Trading: A Deep Dive Into Market Sentiment

Benzinga ·  12/01/2023 03:02

Investors with a lot of money to spend have taken a bearish stance on Phillips 66 (NYSE:PSX).And retail traders should know.We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with PSX, it often means somebody knows something is about to happen.Today, Benzinga's options scanner spotted 11 options trades for Phillips 66.This isn't normal.The overall sentiment of these big-money traders is split between 45% bullish and 54%, bearish

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment