Selling PSX puts for income.
Energy stocks continue to be strong thanks to higher oil prices and strong demand. Profits for refiners and pipeline companies are also robust. PSX is expected to grow profits next year and shares appear to have found support.
- Sell (to open) 1 PSX December 17th $77.50 put
- Limit: $2.50 or more
- The new position will represent roughly 7.6% of our model.
- 15:43 Executed
- Sold 1 PSX Dec 17th $77.50 put @ $2.65