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PSX

BULL

2026-08-21

Overnight Institutional Flow Signal · Energy

See the 2026-08-21 Morning Briefing

This is one candidate from GammaRips' nightly scan of about 3,500 optionable US stocks, curated into a small high-signal pool and tracked to its outcome. Data, not a recommendation. New here? See how the pool is built → Or put your AI agent on this data →

Score

8/10

Move

1.4%

Flow

$109.2M

AI Trade Thesis

PSX BULL $260C Sep 18 '26. The institutional flow shows massive premium concentration in long-dated, out-of-the-money calls, anticipating that the structural tailwinds of elevated refining margins and newly contracted midstream pipelines will drive the stock beyond its recent 52-week highs. Risk factor: Any sudden resolution to global supply disruptions or a sharp normalization in refining margins could cap near-term upside and erode the call premium.

Flow Breakdown

Call Volume

$108.7M

Put Volume

$528K

Flow Intent

DIRECTIONAL

Catalyst

Sector Rotation

More Bullish Flow · 2026-08-21

PBF8/10 EOG8/10 APA8/10 COP7/10 AMGN10/10 AU9/10

Engine-Selected Contract

ContractO:PSX260918C00260000

Strike$260.00

Expiration2026-09-18

Contract Score6.903/10

Risk/Reward0.2:1

Delta0.24

Key Levels

Resistance$246.95

Support$200.31

Price$240.00

SMA 50 / 200$198 / $166

52W Range$118 — $247

RSI (14)75

News & Catalyst Analysis

Key Headline

Phillips 66 (PSX) Is Up 7.4% After Wartime-Driven Margin Surge and New Midstream Contracts - What's Changed

News Summary

Phillips 66 has experienced strong upward momentum, recently trading near 52-week highs following an exceptionally strong second-quarter earnings report driven by tripled year-over-year adjusted profits and surging refining margins from geopolitical supply tightness. While the stock experienced a mild -1.4% pause in its broader uptrend, massive bullish institutional flow has targeting deep out-of-the-money options. This suggests institutions expect the combination of elevated refining margins and long-term fee-based midstream pipeline cash flows to sustain the upward trajectory.

Flow Intent Analysis

The massive $108.6M premium concentrated heavily in out-of-the-money calls at the $260 strike suggests a highly confident, anticipatory position on further upside despite the stock trading at historical highs.

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Read the 2026-08-21 morning briefing for the full scan this PSX signal came from: the bull and bear split, the themes institutional money leaned into, and every other ticker that cleared the bar that day.

How We Read This Flow

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PSX

Key Headline

News Summary

Flow Intent Analysis

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