Phillips 66 (PSX)
Phillips 66 Max Pain By Strike
PSX trades at $122.86, pinned near the near-term max pain of $122 expiring Aug 22, 2025 (3 days). Price stability likely with balanced options positioning at this level. Max pain is stable across expirations ($110-$125), indicating stable market expectations. Key magnetic zone at 120 where 5 expirations converge.
Phillips 66 Max Pain By Expiry
Max pain for PSX shows stable levels around 120.14, reflecting balanced market expectations. The 12% spread signals divergent expectations across timeframes. Most levels below 122.86 may cap rallies. Strong magnetic level at 120 (5 expirations). Weekly expirations influence price 2-3 days before expiry; monthlies throughout their final week.
Max Pain Table
| Expiration Date | Max Pain | Max Pain vs Current Price |
|---|---|---|
| Aug 22, 2025 | 122 | -0.86 (-0.70%) |
| Aug 29, 2025 | 123 | 0.14 (0.11%) |
| Sep 5, 2025 | 122 | -0.86 (-0.70%) |
| Sep 12, 2025 | 120 | -2.86 (-2.33%) |
| Sep 19, 2025 | 120 | -2.86 (-2.33%) |
| Sep 26, 2025 | 120 | -2.86 (-2.33%) |
| Oct 17, 2025 | 125 | 2.14 (1.74%) |
| Nov 21, 2025 | 115 | -7.86 (-6.40%) |
| Jan 16, 2026 | 120 | -2.86 (-2.33%) |
| Feb 20, 2026 | 125 | 2.14 (1.74%) |
| Mar 20, 2026 | 115 | -7.86 (-6.40%) |
| Jun 18, 2026 | 110 | -12.86 (-10.47%) |
| Sep 18, 2026 | 125 | 2.14 (1.74%) |
| Jan 15, 2027 | 120 | -2.86 (-2.33%) |