PERMIAN BASIN ROYALTY TRUST (PBT) Open Interest

PERMIAN BASIN ROYALTY TRUST (PBT) has 6,479 call contracts and 219 put contracts open across all listed expirations — a put/call open interest ratio of 0.03. Open interest counts the contracts currently outstanding at each strike. This page shows where PBT positioning concentrates, which strikes act as walls, and how the totals have trended over the past year.

Data as of Jul 10, 2026, 8:00 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close
$26.24
52-week range
$12.47 – $32.25
ATM IV (30d)
81.0%
IV rank
67 / 100
Moderate
Expected move
±$2.94 (±11.2%)
Put/call OI
0.03
Call-heavy
Max pain
$20
↓ 23.8% below close

PBT Open Interest by Strike

01.5K2.9K4.4KSpotMax painCall wallPut wall17.502022.50253035

PBT open interest by strike, all expirations combined — calls in green, puts in red.

Total call open interest6,479
Total put open interest219
Put/call OI ratio0.03
Open interest rank (31 day)64 / 100
Call wall (largest call OI)$35
Put wall (largest put OI)$17.5
Top volume strike$30
Volume / OI ratio0.00

PBT Open Interest Trend

03.5K7.1K10.6K14.1KCall OIPut OIFeb '26May '26Jul '26

PBT total call vs. put open interest, past year.

0.000.230.460.680.91Feb '26May '26Jul '26

PBT put/call open interest ratio, past year.

A put/call open interest ratio of 0.03 means meaningfully more calls than puts are outstanding — a call-heavy, typically bullish positioning profile. In total, 6,479 call contracts and 219 put contracts are open across all listed expirations. The put/call OI ratio has fallen from 0.83 in Feb '26 to 0.03 today.

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PBT Options FAQ

What is PBT's put/call ratio?

PBT's put/call open interest ratio is 0.03 as of Jul 10, 2026, with 219 put contracts and 6,479 call contracts outstanding.

Which PBT strikes have the highest open interest?

As of Jul 10, 2026, the largest call open interest sits at $35 (the call wall) and the largest put open interest sits at $17.5 (the put wall). Strikes with heavy open interest often act as reference levels because a lot of hedging activity is anchored to them.

Is PBT open interest unusually high right now?

PBT's total open interest ranks 64 out of 100 versus the past 31 trading days as of Jul 10, 2026 — in the middle of its recent range.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.