How PSX’s Implied Volatility Trended Post-Earnings

Maitali Ramkumar - Author

Dec. 4 2020, Updated 10:53 a.m. ET

PSX’s implied volatility

Phillips 66 (PSX) posted its earnings on July 29, 2016. On the day, PSX’s implied volatility fell by 5% to 23.2 compared to the previous day. This is 8% lower than its 30-day average implied volatility that stands at 25.3. On the same day, PSX’s stock price fell by 0.25%.

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Peers’ implied volatility

On July 29, PSX’s peers PBF Energy (PBF) and Valero Energy (VLO) saw their implied volatilities fall by 6% and 5%, respectively. If you are looking for broad-based exposure to energy sector stocks, you can consider the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).


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