Permian Basin Royalty (PBT) Options Chain

NYSE: PBTEnergyOil & Gas ProductionUSD

34.86+0.01 (+0.03%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Dec 18, 2026
Days to expiration: 68
Share price: $34.86
Put/call ratio (OI): 0.21
Put/call ratio (volume): 2.10
ATM implied volatility: 77.9%
Expected move: ±$11.73
Open interest (C / P): 1.05K / 219

PBT options summary

The PBT options chain for the December 18, 2026 expiration lists 9 call and 6 put contracts, with 68 days until expiration. Open interest stands at 1,051 calls and 219 puts, a put/call ratio of 0.21, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $35.00 strike is 77.9%, which implies the market expects a move of about ±$11.73 (33.6%) in Permian Basin Royalty stock by expiration.

The most open interest sits at the $40.00 call (406 contracts) and the $30.00 put (101 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

PBT options chain · December 18, 2026

PBT calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
1	1	—	12.80	15.10	19.10	12.50	0.00	2.15	0.10	204.7%	22	25
1	1	199.4%	13.23	18.00	21.50	15.00	—	—	—	—	—	—
—	—	—	—	—	—	17.50	0.00	0.75	0.05	109.2%	5	20
204	3	68.0%	17.00	13.00	16.90	20.00	—	—	—	—	—	—
4	2	—	7.40	5.20	8.50	22.50	0.00	2.20	1.20	103.9%	1	3
69	1	111.0%	10.60	8.10	11.90	25.00	0.00	1.90	0.35	80.9%	3	60
97	1	85.6%	5.90	3.70	7.60	30.00	0.05	3.00	2.35	61.1%	13	101
PBT $34.86
267	10	79.1%	2.28	0.70	4.70	35.00	0.80	4.70	2.50	76.8%	—	10
406	1	56.6%	0.80	0.80	1.65	40.00	—	—	—	—	—	—
2	1	68.0%	0.80	0.00	2.50	45.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the PBT put/call ratio?

For the December 18, 2026 expiration, the PBT put/call ratio based on open interest is 0.21 (219 puts vs 1,051 calls), and 2.10 based on today's volume. A ratio above 1 means more puts than calls.

What is PBT's implied volatility?

At-the-money implied volatility for PBT options expiring December 18, 2026 is about 77.9%, an annualized estimate of how much the market expects Permian Basin Royalty stock to move.

How many PBT option expiration dates are there?

PBT has 4 listed expiration dates, from Oct 16, 2026 to Mar 19, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.