Best PSX Cash-Secured Put Strategy — 14-Day Strikes, Up to 3.33% Premium
Phillips 66 · PSX · Cash Secured Put · Updated Jul 28, 2026
Highlighted 14–30 day cash-secured puts on Phillips 66 (PSX) reach up to 3.33% annualized yield (2.50% avg on top strikes in the tables below).
View PSX chartEarnings soon: Aug 5, 2026 (8 days). Calendar
Top Cash Secured Puts (14–30 day)
Open full screener| Strike | Expiration | DTE | Delta | Premium | Yield | Score | Action |
|---|---|---|---|---|---|---|---|
| $205.00 | Aug 14 | 17 | -0.44 | $6.05 | 2.78% | 49 | Open |
| $207.50 | Aug 14 | 17 | -0.49 | $7.25 | 3.33% | 49 | Open |
| $202.50 | Aug 14 | 17 | -0.38 | $5.05 | 2.32% | 46 | Open |
| $200.00 | Aug 14 | 17 | -0.33 | $4.05 | 1.85% | 45 | Open |
| $205.00 | Aug 7 | 10 | -0.43 | $4.90 | 2.24% | 44 | 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): $205.00 strike expiring Aug 14, 2026, 2.78% 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 40.3% (elevated)— favorable for premium sellers.
Lowest capital at risk
Lowest strike CSP for Phillips 66 (PSX): $200.00 at 1.85% 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 2.50% and peaks at 3.33%. Average implied volatility is 40.3% (peak 42.7%), indicating elevated volatility for premium sellers. Phillips 66 (PSX) operates in the Energy sector within the Oil & Gas Refining & Marketing industry. 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 3.33% annualized yield (2.50% 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 $207.00, P/E 20.5, market cap $82.9 Billion, Energy sector, WSO rating B, 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 (40.3% 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 2.50%, with top contracts up to 3.33%. Yields move with strike, expiration, and IV (avg 40.3%, peak 42.7%).
Is Phillips 66 (PSX) a good stock for cash-secured puts?
Phillips 66 (PSX) offers cash-secured puts with yields up to 3.33%. WSO rates it B. 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 40.3% IV (peak 42.7%). Higher IV can mean richer premiums but more price swing—balance yield with delta and DTE.