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27% profit every 20 days?

This is the average value that Nic Chahine gets from his options purchases. He doesn’t sell covered calls or spreads, he buys options. Most traders don’t even have a 27% win rate when buying options. He has an 83% win rate. This is how he does it:


Phillips66 (NYSE:PSX) has announced a binding open season for carrier commitments for service on its Blue Line system.

The Houston-based energy company expects to deploy its assets “near historic highs” to meet peak summer demand while it focuses on gaining market share, cutting costs and improving its overall operating performance, according to Goldman Sachs.

The Phillips 66 Analyst: Neil Mehta maintained the buy rating but lowered the price target from $166 to $152.

The Phillips 66 Thesis: The company said its business restructuring efforts had resulted in cost savings of more than $560 million, Mehta said in a statement.

Check out other analysts’ stock ratings.

Phillips 66 expects to achieve a $1 per barrel reduction in overall costs by the end of 2024, he added.

“Although management continues to view the West Coast as a more challenging market due to declining availability of domestic crude oil at the Los Angeles refinery, the company sees the potential for a positive change in crude oil flow dynamics with the commencement of operations at TMX,” the analyst wrote.

The company expects oil refinery utilization in the mid-90s in the second quarter, which is broadly in line with Goldman Sachs estimates, he said.

PSX Price Promotion: Phillips 66 shares were down 1.13% to $136.51 at the time of publication on Tuesday.

Now read: 7 Apple analysts have mixed opinions on WWDC 2024 – iPhone upgrade cycle is coming, but when?


27% profit every 20 days?

This is the average value that Nic Chahine gets from his options purchases. He doesn’t sell covered calls or spreads, he buys options. Most traders don’t even have a 27% win rate when buying options. He has an 83% win rate. This is how he does it:


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