Best Phillips 66 (PSX) Covered Calls — 14-Day & 30-Day Strikes, Up to 2.29% Yield
Phillips 66 · PSX · Covered Call · Updated Jun 24, 2026
Best covered call strategy for Phillips 66 (PSX) over 14 days: sell a ~0.25–0.30 delta call in the 7–21 DTE window. Example contracts below reach up to 2.29% annualized yield (1.55% avg on top strikes)—compare strike, premium, and IV before opening the screener.
View PSX chart14-day covered call snapshot for PSX
Top 7–21 DTE contracts reach up to 2.29% annualized yield (1.55% avg). Compare strike, DTE, delta, and IV in the table below.
Top Covered Calls (14–30 day)
Open full screener| Strike | Expiration | DTE | Delta | Premium | Yield | Score | Action |
|---|---|---|---|---|---|---|---|
| $170.00 | Jul 10 | 16 | 0.46 | $4.35 | 2.29% | 41 | Open |
| $172.50 | Jul 10 | 16 | 0.39 | $3.35 | 1.68% | 33 | Open |
| $170.00 | Jul 2 | 8 | 0.43 | $2.83 | 1.56% | 33 | Open |
| $175.00 | Jul 10 | 16 | 0.31 | $2.50 | 1.20% | 32 | Open |
| $172.50 | Jul 2 | 8 | 0.33 | $1.93 | 1.01% | 25 | Open |
Additional medium-term contracts (22–45 DTE)
Key Metrics
Financial Performance
Covered calls snapshot
Insights
Top pick
Best covered calls for Phillips 66 (PSX): $170.00 strike expiring Jul 10, 2026, 2.29% yield.
Short-term opportunities
Phillips 66 (PSX) has competitive covered calls expiring within ~14–21 days—use the 14-day screener filter to compare.
Implied volatility
Average IV for Phillips 66 (PSX) is 36.6% (elevated)— favorable for premium sellers.
Weekly vs monthly yield
Best ≤14 DTE yield: 1.56%. Best >14 DTE: 2.29%.
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 Covered Calls 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) covered calls shows average premium yield of 1.55% and peaks at 2.29%. Average implied volatility is 36.6% (peak 36.8%), 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 is the best covered call strategy for Phillips 66 (PSX) over 14 days?
For a 14-day covered call on Phillips 66 (PSX), target ~0.25–0.30 delta strikes in the 7–21 DTE window with annualized yield up to 2.29% (1.55% avg on top contracts). Compare strike, premium, delta, and IV in the table above, then open the screener for live filters.
What are the best covered calls for Phillips 66 (PSX)?
The best covered calls for Phillips 66 (PSX) reach up to 2.29% annualized yield (1.55% 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 covered calls?
For Phillips 66 (PSX), key fundamentals include last price $168.40, P/E 16.4, market cap $66.6 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 covered calls for Phillips 66 (PSX)?
Use our Covered Calls screener with Phillips 66 (PSX) pre-loaded: filter by premium yield, DTE (14-day or 30-day windows), delta, and implied volatility (36.6% avg IV on this page).
What is the average premium yield for Phillips 66 (PSX) covered calls?
Average premium yield for Phillips 66 (PSX) covered calls is 1.55%, with top contracts up to 2.29%. Yields move with strike, expiration, and IV (avg 36.6%, peak 36.8%).
Is Phillips 66 (PSX) a good stock for covered calls?
Phillips 66 (PSX) offers covered calls with yields up to 2.29%. 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) covered calls?
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) covered calls?
IV drives option premiums: Phillips 66 (PSX) averages 36.6% IV (peak 36.8%). Higher IV can mean richer premiums but more price swing—balance yield with delta and DTE.