Phillips 66 (PSX)
Phillips 66 Max Pain By Strike
PSX trades at $132.98, pinned near the near-term max pain of $135 expiring Oct 10, 2025 (5 days). Price stability likely with balanced options positioning at this level. Max pain is rising across expirations ($70-$135), reflecting growing call interest at higher strikes. Key magnetic zone at 120 where 5 expirations converge. High dispersion in max pain levels suggests competing forces and potential volatility.
Phillips 66 Max Pain By Expiry
Max pain for PSX shows an upward trend from 70 to 135, suggesting bullish positioning in longer-dated options. The 52% spread signals divergent expectations across timeframes. Levels distributed around 132.98. 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 |
|---|---|---|
| Oct 10, 2025 | 135 | n/a (n/a) |
| Oct 17, 2025 | 135 | n/a (n/a) |
| Oct 24, 2025 | 134 | n/a (n/a) |
| Oct 31, 2025 | 134 | n/a (n/a) |
| Nov 7, 2025 | 135 | n/a (n/a) |
| Nov 14, 2025 | 70 | n/a (n/a) |
| Nov 21, 2025 | 125 | n/a (n/a) |
| Dec 19, 2025 | 130 | n/a (n/a) |
| Jan 16, 2026 | 120 | n/a (n/a) |
| Feb 20, 2026 | 135 | n/a (n/a) |
| Mar 20, 2026 | 120 | n/a (n/a) |
| May 15, 2026 | 125 | n/a (n/a) |
| Jun 18, 2026 | 120 | n/a (n/a) |
| Sep 18, 2026 | 120 | n/a (n/a) |
| Jan 15, 2027 | 120 | n/a (n/a) |
| Jan 21, 2028 | 125 | n/a (n/a) |