Phillips 66 (PSX) Options Risk Score

Run a full PSX options risk analysis

See the complete risk breakdown — news catalysts, SEC filings, legal proceedings, earnings overlap, IV vs HV, options flow and Expected Move — all in one scan.

Is it risky to sell options on Phillips 66 (PSX) right now?

Over a 4-week expiry window, Phillips 66 (PSX) scores 55 out of 100 for options catalyst risk (MEDIUM). What pushes it there: an upcoming earnings report, 11 recent news items and 2 active legal filings, all landing inside the 4-week window. MEDIUM covers 45 to 69: there is something on PSX's calendar worth reading before you pick an expiry, without it dominating the trade. Direction is not part of what the score measures.

PSX shows an IV Rank of 100 — implied volatility is near the top of its own one-year range, so PSX options are historically expensive, which favours premium-selling strategies, with a current implied volatility of about 50%. Read IV Rank alongside the catalyst score: it says how expensive PSX options are, while the score says whether that price is justified by a scheduled event.

PSX reports on 2026-10-29. Any expiry beyond that date carries the gap, and the implied volatility priced in beforehand typically collapses the morning after.

Phillips 66 (PSX) current implied volatility and IV Rank

The most recent read on Phillips 66 (PSX) puts its IV Rank at 100 with implied volatility around 50%, alongside a TickerRisk options-risk score of 55/100. That's high — options are expensive relative to the past year, which favours premium-selling strategies such as credit spreads, iron condors and covered calls, provided no binary catalyst is working against you.

For what this number does and does not tell you about PSX's options, see IV Rank explained.

Phillips 66 (PSX) next earnings date — 2026-10-29

Phillips 66 (PSX) reports earnings on 2026-10-29 — about 53 days away, which falls inside a typical options expiry window. PSX's IV Rank is currently 100. Earnings are the single biggest scheduled catalyst for an overnight gap: implied volatility usually runs up into the report and collapses immediately after (the IV crush). Selling premium into the event captures that crush but exposes you to the gap; buying premium needs a move large enough to beat the elevated IV you paid.

TickerRisk provides risk scoring for informational purposes only. This is not financial advice. Options trading involves substantial risk of loss. Full disclaimer