This is a FullyInformed USA Members Trade Alert. One stock I have followed all year is Phillips 66. The stock for much of the year was overvalued in my opinion and Put Selling far out of the money naked puts was the safer way to trade this stock, in my opinion.
Today’s trade stays with that method, placing the focus squarely on protection of capital first and then aiming for a high profit second. Today’s article discusses the stock’s outlook in general, where I think the stock is undervalued, the method being used and plans for this trade as the month of December draws to a close.
Phillips Stock (PSX) Trade Details for Dec 22 2014
To read the Phillips 66 Stock (PSX) trade alert details, FullyInformed USA Members can can login directly through this link or Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.
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