PSX options flow: unusual options activity in Phillips 66

Updated 28 September 2026, 09:54 ET

Over the last week the tape recorded 95 unusual options prints in Phillips 66 (PSX), $5.5M of tracked premium, leaning bearish. Bullish premium was $1.8M against $2.8M bearish; $2.6M went into calls and $2.9M into puts, a put call ratio of 1.10. The largest print was $222K of PSX 17 Jun 2027 $210 puts on 23 September 2026, swept at bid. The last session with prints, 28 September 2026, added 1 print and $26K of premium. PSX closed at $255.75 on 25 September 2026, unchanged.

This week's unusual flow

Prints from 21 September 2026 to 28 September 2026, 6 sessions. Delayed tier: every print is shown twenty minutes after it executed, and the page is rebuilt after each session.

Net premium is bullish minus bearish premium. The put call ratio is put premium divided by call premium, weighted by money rather than by contract count. Sweeps is the share of prints executed across several exchanges at once. Read the guide: Reading the Pulse.

Largest prints of the week

Size above open interest means the trade opened a position larger than everything that existed in the contract the night before. Above ask and below bid are the most aggressive executions. Read the guide: Size versus open interest.

Where the money is aimed

The most premium, $1.4M, is aimed at the 18 Dec 2026 expiry; the nearest expiry with unusual prints is 25 Sep 2026.

A print in a contract expiring this week is a view about the next few days, often about a known event; a print months out is a different kind of statement. Read the guide: 0DTE options flow.

The last session, 28 September 2026

Every print in PSX with its full detail, the live tape, one tap filters and saved screeners: open PSX in Options Sentiment Screener.

Price

The live quote and the price chart sit beside the ticker's flow in the app: open PSX in Options Sentiment Screener.

Analysts

The most recent analyst targets on file, from 14 firms, have a median of $245, 4.2% below the last close.

Calls bought at a strike above the average target are a bet that the analysts are too cautious; puts far below the price in a name they like are protection or a strong disagreement. Read the guide: Reading one ticker's flow.

About Phillips 66

Exchange

NYSE

Sector

Energy

Industry

Petroleum And Natural Gas

Headquarters

HOUSTON, Texas

Website

phillips66.com

Phillips 66 operates through four segments: Midstream, Chemicals, Refining, and Marketing and Specialties. The Midstream segment transports crude oil and other feedstocks; delivers refined petroleum products to market. The Chemicals segment produces and markets ethylene and other olefin products. The Refining segment refines crude oil into petroleum products, such as gasolines, distillates, aviation, and renewable fuels.

In the same sector

Flow pages for other Energy names in the S&P 500:

XOM ExxonMobil Holdings Corp.CVX Chevron Corp.COP ConocoPhillipsVLO Valero Energy Corp.MPC Marathon Petroleum Corp.WMB Williams Companies, Inc.SLB SLB LimitedEOG EOG Resources Inc.

Learn

• What unusual options activity means
• Reading one ticker's flow
• Sweeps, blocks and where a trade printed
• Size versus open interest
• Bullish or bearish, how a print's sentiment is inferred
• The conviction score and whale prints