Phillips 66 (PSX) is up 60 to 68.90.? PSX is making a 52-week high.
Today paper traded 6,338 PSX May 65 calls for 5.05. ??Average volume is 12,490 contracts per day in the name.? Open interest is 35,828.
The volume looked like a long holder taking profits as the volume is over 10,355 on the day with most of the paper selling into a 52-week high.? The IV in May is down .6 points.
30-day implied volatility is 28%.? ?10-day implied volatility is 22%.? 30-day implied volatility is trading above the 10-day historical volatility.
Phillips 66 is a holding company. The Company is engaged in producing natural gas liquids (NGL) and petrochemicals.