Phillips 66 (PSX)
Phillips 66 (PSX) is a energy sector stock that pays dividends and has a Wheel Strategy Score of 16.0/100.
Quick Summary
PSX has limited options availability and pays dividends, with a Wheel Strategy Score of 16.0/100, indicating mixed suitability for the Wheel strategy.
Company Profile
Phillips 66 operates in the ENERGY sector, which typically includes energy sector companies. The company's business activities focus on serving customers and markets within this industry segment.
View other ENERGY stocks in the screener.
Wheel Strategy Suitability
The Wheel Score of 16.0 suggests mixed suitability for traditional Wheel strategies. Factors that limit suitability include: no weekly options, no monthly options. However, pays dividends may still make it viable for specific trader preferences. This profile may appeal to traders who prefer slower cycles or have different risk preferences.
Factors Influencing Wheel Suitability:
- ❌ No weekly options, which reduces flexibility for active traders
- ❌ No monthly options, limiting options strategy implementation
- ✅ Pays dividends, enabling income stacking with premium collection
Who Might Consider PSX for the Wheel?
- Income-focused traders who want to combine premium collection with dividend payments
- Traders comfortable with stocks that have limited options availability
Strategy Insights
Dividend payments provide additional income while holding shares, which can enhance total returns when combined with options premiums. This dual income stream appeals to income-focused Wheel traders.
Even with a lower Wheel Score, PSX may still work for certain Wheel approaches depending on individual trader preferences, account size, and risk tolerance. Traders comfortable with stocks that have limited options availability or no dividends may find value in this profile.
External Resources
Similar Stocks
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Frequently Asked Questions
Does PSX have weekly options?
No, PSX does not currently have weekly options available.
Does PSX have monthly options?
No, PSX does not currently have monthly options available.
Does PSX pay a dividend?
Yes, PSX pays dividends, which provides additional income while holding shares in the Wheel strategy.
Is PSX good for the Wheel Strategy?
PSX has a Wheel Score of 16.0, which suggests mixed suitability. It may still work for specific trader preferences, such as those who prefer slower cycles or have different risk tolerances.
Is PSX suitable for beginners using the Wheel?
PSX has limited options availability, which may not be ideal for beginners learning the Wheel strategy.
What type of trader typically uses stocks with limited options?
Traders comfortable with limited options availability or those exploring alternative approaches may consider stocks with limited options.
How does the absence of weekly options affect Wheel strategy timing?
The absence of weekly options means traders must use monthly expirations, which results in slower assignment cycles and fewer opportunities to collect premiums. This may appeal to traders who prefer less frequent position management.
Does PSX fit an income-focused portfolio?
PSX pays dividends which is good for income, but limited options availability may reduce premium income potential.
What sector is PSX in?
PSX is in the ENERGY sector. You can view other ENERGY stocks in our screener.
What is the Wheel Score for PSX?
The Wheel Score for PSX is 16.0/100. The Wheel Score of 16.0 suggests mixed suitability for traditional Wheel strategies. Factors that limit suitability include: no weekly options, no monthly options. However, pays dividends may still make it viable for specific trader preferences. This profile may appeal to traders who prefer slower cycles or have different risk preferences.