PBF Energy sees surge in options trading amid bullish sentiment
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 21 2026
0mins
Should l Buy PBF?
PBF Energy Inc's stock rose by 5.85% as it crossed above its 5-day SMA, reflecting strong investor interest.
The options trading volume for PBF Energy reached 24,968 contracts, approximately 2.5 million shares, indicating sustained investor interest in the company. Notably, the $44 strike call option expiring on March 20, 2026, recorded 8,570 contracts traded, suggesting a bullish sentiment regarding PBF's future performance.
This surge in options activity may signal confidence among investors about PBF Energy's prospects, especially in the context of high oil prices and favorable conditions for U.S. refiners.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy PBF?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on PBF
Wall Street analysts forecast PBF stock price to fall
8 Analyst Rating
2 Buy
4 Hold
2 Sell
Hold
Current: 39.650
Low
23.00
Averages
33.63
High
42.00
Current: 39.650
Low
23.00
Averages
33.63
High
42.00
About PBF
PBF Energy Inc. is an independent refiner in North America, operating, through its subsidiaries, oil refineries and related facilities in California, Delaware, Louisiana, New Jersey and Ohio. The Company operates as a refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products. It operates through two segments: Refining and Logistics. The Refining segment includes the operations of its oil refineries and related facilities in Delaware City, Delaware, Paulsboro, New Jersey, Toledo, Ohio, Chalmette, Louisiana, Torrance, California and Martinez, California. The Logistics segment includes the operations of PBF Logistics LP, an indirect wholly owned subsidiary of PBF Energy and PBF LLC, which owns or leases, operates, develops, and acquires crude oil and refined petroleum products terminals, pipelines, storage facilities, and similar logistics assets.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Refining Sector Enters Earnings Supercycle
- Surging Refining Margins: The ongoing Iran-U.S. conflict has led to a significant increase in refining margins, with gasoline crack spreads currently around $28 per barrel and diesel crack spreads reaching $67 per barrel, indicating substantial profit potential for refiners amid high demand and supply constraints.
- Historic Strategic Reserve Release: The International Energy Agency announced the release of 400 million barrels from strategic reserves by its 32 member nations, marking the largest coordinated release in its 51-year history, which propelled Brent crude prices above $93 and WTI up 6.1% to $88.56.
- Potential Earnings Windfall: U.S. refining capacity is projected to reach 18.4 million barrels per day by 2025, and with the current blended crack spread of $40 per barrel, this implies an annualized gross refining margin potential of $268 billion, or approximately $168 billion in a conservative scenario, highlighting the industry's immense profit opportunities.
- Strong Market Response: Historically, refining stocks have performed exceptionally well during supply tightness, as seen in 2004-2005 and 2022, where Valero Energy and HF Sinclair saw stock price increases of 239% and 265% respectively, suggesting that current market conditions could lead to similarly strong returns for refining equities.
See More
Sprott Silver ETF Underperforms with 5% Drop
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF is down approximately 5% in Wednesday afternoon trading, indicating a weak performance that may undermine investor confidence.
- Weak Individual Stocks: Among the ETF's components, Avino Silver & Gold Mines saw a decline of about 8.3%, while Hycroft Mining Holding dropped around 7%, reflecting broader pressures within the silver mining sector.
- Market Reaction: The significant drop in the silver ETF may prompt investors to reassess their allocations in precious metals, potentially leading to increased capital outflows and heightened market volatility.
- Industry Outlook Concerns: The current weakness in silver mining stocks could signal broader challenges facing the industry, necessitating investor vigilance regarding future market dynamics and related policy changes.
See More
Oil Prices Could Remain High: 4 Key Insights from the Middle East Energy Crisis
Oil Price Volatility: Oil prices have surged past $100 due to ongoing conflict in the Middle East, with analysts predicting potential further increases if production continues to be curtailed. However, prolonged conflict could harm global economic demand, leading to a possible oversupply situation.
U.S. Shale Producers: U.S. oil producers are positioned favorably as prices remain high, particularly small- and mid-cap companies that are seeing attractive free cash flow. The market has not fully priced in the potential for sustained higher oil prices, creating investment opportunities.
Refining Sector Dynamics: U.S. refiners are benefiting from high international gas prices and reduced competition, leading to significant stock price increases. However, refining margins may decline once supply chains stabilize, suggesting a potential sell-off in refiner stocks.
LNG and Petrochemical Gains: American LNG producers are experiencing a surge in demand due to global supply constraints, while U.S. petrochemical companies are benefiting from rising costs of competing producers. This situation is expected to provide a margin boost for U.S. firms in the long term.
See More
Jet Fuel Prices Surge, Benefiting Refiners Significantly.
- Rising Jet Fuel Prices: Asian jet fuel prices are increasing significantly due to supply concerns in the energy markets.
- Impact of U.S. Strikes: The surge in prices follows U.S. military strikes on Iran, which have heightened fears about supply stability.
- U.S. Refining Stocks Rally: The situation has contributed to a notable rally in U.S. refining stocks, reflecting investor reactions to the geopolitical tensions.
- Market Reactions: The overall energy market is experiencing volatility as a result of these developments, impacting both prices and stock performance.
See More
Jet Fuel Costs Surge, Airline Stocks Decline: 5 Major Beneficiaries.
- Rising Jet Fuel Prices: Asian jet fuel prices are increasing significantly due to supply concerns in the energy markets.
- Impact of U.S. Strikes: The surge in prices follows U.S. military strikes on Iran, which have heightened fears about supply disruptions.
- U.S. Refining Stocks Rally: The situation has contributed to a notable rally in U.S. refining stocks, reflecting investor reactions to the geopolitical tensions.
- Market Reactions: The overall energy market is experiencing volatility as a result of these developments, impacting both prices and stock performance.
See More
Surge in Options Trading Volume for Okta and PBF Energy
- Okta Options Volume: Okta Inc saw options trading volume of 29,509 contracts, equating to approximately 3 million shares, which represents about 85.8% of its average daily trading volume of 3.4 million shares over the past month, indicating strong market interest in its future performance.
- High-Frequency Contracts: Notably, the $100 strike put option expiring on September 18, 2026, has seen 2,500 contracts traded today, representing around 250,000 underlying shares, suggesting investor expectations of a potential price decline.
- PBF Energy Options Activity: PBF Energy Inc's options trading volume reached 24,968 contracts, approximately 2.5 million shares, which is about 81.4% of its average daily trading volume of 3.1 million shares over the past month, reflecting sustained investor interest in the company.
- Bullish Call Options: Particularly, the $44 strike call option expiring on March 20, 2026, has recorded 8,570 contracts traded today, representing approximately 857,000 underlying shares, indicating a bullish sentiment regarding PBF's future performance.
See More
Refining Sector Enters Earnings Supercycle
- Surging Refining Margins: The ongoing Iran-U.S. conflict has led to a significant increase in refining margins, with gasoline crack spreads currently around $28 per barrel and diesel crack spreads reaching $67 per barrel, indicating substantial profit potential for refiners amid high demand and supply constraints.
- Historic Strategic Reserve Release: The International Energy Agency announced the release of 400 million barrels from strategic reserves by its 32 member nations, marking the largest coordinated release in its 51-year history, which propelled Brent crude prices above $93 and WTI up 6.1% to $88.56.
- Potential Earnings Windfall: U.S. refining capacity is projected to reach 18.4 million barrels per day by 2025, and with the current blended crack spread of $40 per barrel, this implies an annualized gross refining margin potential of $268 billion, or approximately $168 billion in a conservative scenario, highlighting the industry's immense profit opportunities.
- Strong Market Response: Historically, refining stocks have performed exceptionally well during supply tightness, as seen in 2004-2005 and 2022, where Valero Energy and HF Sinclair saw stock price increases of 239% and 265% respectively, suggesting that current market conditions could lead to similarly strong returns for refining equities.
See More
Sprott Silver ETF Underperforms with 5% Drop
- ETF Performance: The Sprott Silver Miners & Physical Silver ETF is down approximately 5% in Wednesday afternoon trading, indicating a weak performance that may undermine investor confidence.
- Weak Individual Stocks: Among the ETF's components, Avino Silver & Gold Mines saw a decline of about 8.3%, while Hycroft Mining Holding dropped around 7%, reflecting broader pressures within the silver mining sector.
- Market Reaction: The significant drop in the silver ETF may prompt investors to reassess their allocations in precious metals, potentially leading to increased capital outflows and heightened market volatility.
- Industry Outlook Concerns: The current weakness in silver mining stocks could signal broader challenges facing the industry, necessitating investor vigilance regarding future market dynamics and related policy changes.
See More
Oil Prices Could Remain High: 4 Key Insights from the Middle East Energy Crisis
Oil Price Volatility: Oil prices have surged past $100 due to ongoing conflict in the Middle East, with analysts predicting potential further increases if production continues to be curtailed. However, prolonged conflict could harm global economic demand, leading to a possible oversupply situation.
U.S. Shale Producers: U.S. oil producers are positioned favorably as prices remain high, particularly small- and mid-cap companies that are seeing attractive free cash flow. The market has not fully priced in the potential for sustained higher oil prices, creating investment opportunities.
Refining Sector Dynamics: U.S. refiners are benefiting from high international gas prices and reduced competition, leading to significant stock price increases. However, refining margins may decline once supply chains stabilize, suggesting a potential sell-off in refiner stocks.
LNG and Petrochemical Gains: American LNG producers are experiencing a surge in demand due to global supply constraints, while U.S. petrochemical companies are benefiting from rising costs of competing producers. This situation is expected to provide a margin boost for U.S. firms in the long term.
See More
Jet Fuel Prices Surge, Benefiting Refiners Significantly.
- Rising Jet Fuel Prices: Asian jet fuel prices are increasing significantly due to supply concerns in the energy markets.
- Impact of U.S. Strikes: The surge in prices follows U.S. military strikes on Iran, which have heightened fears about supply stability.
- U.S. Refining Stocks Rally: The situation has contributed to a notable rally in U.S. refining stocks, reflecting investor reactions to the geopolitical tensions.
- Market Reactions: The overall energy market is experiencing volatility as a result of these developments, impacting both prices and stock performance.
See More
Jet Fuel Costs Surge, Airline Stocks Decline: 5 Major Beneficiaries.
- Rising Jet Fuel Prices: Asian jet fuel prices are increasing significantly due to supply concerns in the energy markets.
- Impact of U.S. Strikes: The surge in prices follows U.S. military strikes on Iran, which have heightened fears about supply disruptions.
- U.S. Refining Stocks Rally: The situation has contributed to a notable rally in U.S. refining stocks, reflecting investor reactions to the geopolitical tensions.
- Market Reactions: The overall energy market is experiencing volatility as a result of these developments, impacting both prices and stock performance.
See More
Surge in Options Trading Volume for Okta and PBF Energy
- Okta Options Volume: Okta Inc saw options trading volume of 29,509 contracts, equating to approximately 3 million shares, which represents about 85.8% of its average daily trading volume of 3.4 million shares over the past month, indicating strong market interest in its future performance.
- High-Frequency Contracts: Notably, the $100 strike put option expiring on September 18, 2026, has seen 2,500 contracts traded today, representing around 250,000 underlying shares, suggesting investor expectations of a potential price decline.
- PBF Energy Options Activity: PBF Energy Inc's options trading volume reached 24,968 contracts, approximately 2.5 million shares, which is about 81.4% of its average daily trading volume of 3.1 million shares over the past month, reflecting sustained investor interest in the company.
- Bullish Call Options: Particularly, the $44 strike call option expiring on March 20, 2026, has recorded 8,570 contracts traded today, representing approximately 857,000 underlying shares, indicating a bullish sentiment regarding PBF's future performance.
See More
