Best PSX Cash-Secured Put Strategy — 14-Day Strikes, Up to 3.46% Premium
Phillips 66 · PSX · Cash Secured Put · Updated Sep 12, 2026
Phillips 66 operates as an integrated downstream energy provider in the United States, the United Kingdom, Germany, and internationally. It operates through five segments: Midstream, Chemicals, Refining, Marketing and Specialties (M&S), and Renewable Fuels. The Midstream segment provides crude oil and refined petroleum product transportation, terminaling, and storage services, as well as natural gas and natural gas liquids (NGL) gathering, processing, transportation, fractionation, storage and marketing services. Highlighted 14–30 day cash-secured puts on Phillips 66 (PSX) reach up to 3.46% annualized yield (2.21% avg on top strikes in the tables below).
View PSX chartTop Cash Secured Puts (14–30 day)
Open full screener| Strike | Expiration | DTE | Delta | Premium | Yield | Score | Action |
|---|---|---|---|---|---|---|---|
| $260.00 | Oct 2 | 20 | -0.48 | $9.35 | 3.46% | 50 | Open |
| $255.00 | Oct 2 | 20 | -0.40 | $6.90 | 2.55% | 45 | Open |
| $255.00 | Sep 25 | 13 | -0.38 | $5.20 | 1.88% | 44 | Open |
| $250.00 | Oct 2 | 20 | -0.32 | $5.10 | 1.88% | 42 | Open |
| $250.00 | Sep 25 | 13 | -0.29 | $3.50 | 1.28% | 41 | Open |
Additional medium-term contracts (22–45 DTE)
Key Metrics
Financial Performance
Cash-secured puts snapshot
Insights
Top pick
Best cash-secured puts for Phillips 66 (PSX): $260.00 strike expiring Oct 2, 2026, 3.46% yield.
Short-term opportunities
Phillips 66 (PSX) has competitive cash-secured puts expiring within ~14–21 days—use the 14-day screener filter to compare.
Implied volatility
Average IV for Phillips 66 (PSX) is 37.3% (elevated)— favorable for premium sellers.
Lowest capital at risk
Lowest strike CSP for Phillips 66 (PSX): $250.00 at 1.88% yield.
How to use this page
- Review Phillips 66 (PSX) fundamentals — Check stock price, sector, and technicals in the company snapshot, then compare top contract cards.
- Open the screener for Phillips 66 (PSX) — Open our Cash Secured Puts screener with PSX pre-loaded and optional 14-day or 30-day DTE filters.
- Compare and execute — Refine yield, delta, and IV in the screener, then place the trade in your broker.
Analysis
Our analysis of Phillips 66 (PSX) cash-secured puts shows average premium yield of 2.21% and peaks at 3.46%. Average implied volatility is 37.3% (peak 37.9%), indicating elevated volatility for premium sellers. Phillips 66 (PSX) operates in the Energy sector within the Oil & Gas Refining & Marketing industry, earning an overall score of 4. Use the tables below to compare strike, DTE, and delta before opening the full screener.
FAQ
What are the best cash-secured puts for Phillips 66 (PSX)?
The best cash-secured puts for Phillips 66 (PSX) reach up to 3.46% annualized yield (2.21% average on top strikes). This page emphasizes roughly 14–21 day expirations plus 30-day style windows. Compare strike, DTE, delta, and IV in the tables below, then open the screener for full filters.
What are Phillips 66 (PSX)'s fundamentals for cash-secured puts?
For Phillips 66 (PSX), key fundamentals include last price $259.02, P/E 14.8, market cap $103.5 Billion, Energy sector, WSO rating A-, analyst consensus Buy. Fundamentals help you judge assignment risk and premium richness before selling options.
How do I find cash-secured puts for Phillips 66 (PSX)?
Use our Cash Secured Puts screener with Phillips 66 (PSX) pre-loaded: filter by premium yield, DTE (14-day or 30-day windows), delta, and implied volatility (37.3% avg IV on this page).
What is the average premium yield for Phillips 66 (PSX) cash-secured puts?
Average premium yield for Phillips 66 (PSX) cash-secured puts is 2.21%, with top contracts up to 3.46%. Yields move with strike, expiration, and IV (avg 37.3%, peak 37.9%).
Is Phillips 66 (PSX) a good stock for cash-secured puts?
Phillips 66 (PSX) offers cash-secured puts with yields up to 3.46%. WSO rates it A-. It is in Energy. IV is elevated—weigh premium income vs. assignment and earnings risk.
What expiration dates are available for Phillips 66 (PSX) cash-secured puts?
Phillips 66 (PSX) has short-dated contracts (~7–21 DTE) and medium-term expirations (~22–45 DTE) on this page. Use DTE chips to jump to the screener with matching expiration filters.
How does implied volatility affect Phillips 66 (PSX) cash-secured puts?
IV drives option premiums: Phillips 66 (PSX) averages 37.3% IV (peak 37.9%). Higher IV can mean richer premiums but more price swing—balance yield with delta and DTE.