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Has Implied Volatility in Phillips 66 Fallen?

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Implied volatility in Phillips 66

Implied volatility in Phillips 66 (PSX) currently stands at 19.0%. It has fallen from 23.0% on January 4, 2017. During the same period, PSX stock fell 3.0%.

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Implied volatilities for peers

Phillips 66 (PSX) has the lowest implied volatility among independent American refiners. Western Refining (WNR), PBF Energy (PBF), and Alon USA Energy (ALJ) have higher implied volatilities of 37.0%, 43.0%, and 44.0%, respectively.

If you’re looking for a broad-based exposure to energy sector stocks, you can consider the SPDR S&P Oil & Gas Exploration & Production (XOP).

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