Phillips 66 (PSX) shares of the energy name are staying strong off the early March lows and closed Monday at the highs back over all key moving averages with a potentially explosive breakout above 130 setting up. PSX has seen a lot of call buying action the past few months and still holds 9500 March $125 calls in open interest that likely will need to adjust this week as expiration nears. The June $130 calsl also still holding 2300x in OI and an activist investor in the picture as Elliott Investments recently disclosed a $2.5 billion stake in Phillips 66.