Phillips 66 (PSX, $46.83), a holding company engaged in producing natural gas
liquids and petrochemicals, is up about a $1.50 three hours into
trading today. The stock is trading in a 52-week range of $28.75 and
$48.22. Trading now only about a dollar below the 12-month high, the stock has
not seen a significant downturn in a year, up around 65%. Yesterday,
dividends were increased by 25%, or $0.05 up from the previous $0.20.
Today paper (customer) bought 5,000 February ’13 55 strike Calls for $1.05. I would like to get
in on the same trade.
Trade: Buy Feb 55 Calls for $1.05
Risk: $105 per one lot
Break-even: $56.05 (excluding commission)