Energy

Permian Resources Corporation (PR) options and signal

Figures as of 28 Sep 2026

PR is Permian Resources Corporation, an Energy name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	59 of 100	28 Sep
At the money IV	43.5%	28 Sep
Priced move to 16 Oct	10.0% down, 10.2% up	28 Sep
Call wall and put wall	25 and 21	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	21.30	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

PR's IV rank is 59 of 100 on 28 Sep 2026.

Figure	Value
IV rank	59 of 100
At the money IV	43.5%, near month, 18 days
Put/call ratio, open interest	0.18
Call open interest, strikes captured near the price	78,100 contracts
Put open interest, strikes captured near the price	14,000 contracts
Cost to trade at the money	Fair, 23.4% of the option's mid price

IV rank is where the at the money IV sits among PR's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, PR options priced a move of 10.0 percent down and 10.2 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.0%	10.2%	19.17 to 23.48
20 Nov 2026	53	16.3%	16.9%	17.83 to 24.91
15 Jan 2027	109	22.8%	22.3%	16.45 to 26.05
19 Mar 2027	172	33.0%	31.1%	14.27 to 27.93
16 Apr 2027	200	34.7%	34.9%	13.91 to 28.74

The range is one standard deviation either side of the close of 21.30, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, PR's call wall is the 25 strike and its put wall is the 21 strike.

Figure	Value
Call wall, most open call gamma	25
Put wall, most open put gamma	21
Net dollar gamma, calls minus puts	$2.12 million
Total dollar gamma, both sides	$3.35 million
Close	21.30

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 5 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, PR's at the money IV is 43.5 percent against 20 day realized volatility of 36.6 percent.

Figure	Value
At the money IV	43.5%
Realized volatility, 20 trading days	36.6%
Realized volatility, 60 trading days	37.5%
IV against its own weekly record	In the middle
Weekly readings on record	184, from 23 Sep 2022
Weeks the price moved more than the one week priced move	23.5% of 183 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, PR's at the money IV runs from 43.5 percent at 18 days to 46.9 percent at 200 days.

Days to expiry	At the money IV
18	43.5%
53	45.1%
109	42.9%
172	48.1%
200	46.9%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 53 day expiry, PR's IV ten percent below the price sits 1.3 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	43.8%	-1.3 points
At the money	45.1%	0.0 points
10% above the price	45.0%	-0.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, PR's surface spans 5 expiries out to 200 days, with IV from 39.2 to 54.5 percent near the price.

Figure	Value
Expiries captured	5
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	18
Lowest IV among them	39.2%
Highest IV among them	54.5%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, PR has 5 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	43.5%	50,182	6,926
20 Nov 2026	53	45.1%	2,247	381
15 Jan 2027	109	42.9%	24,338	6,700
19 Mar 2027	172	48.1%	1,004	18
16 Apr 2027	200	46.9%	299	2

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, PR's largest open interest sits at the 25 strike, with 42,152 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
25	42,107	45	42,152
23	11,133	2,698	13,831
20	5,322	1,864	7,186
21	2,337	2,557	4,894
17	3,952	708	4,660
24	3,294	195	3,489

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, PR's at the money IV moved from 42.2 percent to 43.5 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	42.2%	43.5%	+1.4 points
Open interest, strikes captured near the price	90,843	92,097	+1,254
Put/call ratio, open interest	0.15	0.18	+0.03

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 6,359 PR option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	3,894
Puts traded	2,465
Against its recent average	1.0 times
Busier than	15 of its last 20 trading days
Open interest, whole chain	100,374 contracts
Volume to open interest	0.06
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of PR's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	21.46	$1.22 million	23	20
21 Sep 2026	21.97	$2.62 million	25	23
28 Sep 2026	21.30	$2.12 million	25	21

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of PR was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	22.23, the swing high of 24 Sep 2026
Level below the close	21.28, the swing low of 22 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 PR sat at the 24th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	88 of 100	Bullish
20 trading days	27 of 100	Neutral
45 trading days	24 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026 PR's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 PR had carried no signal for 3 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	24 of 100
24 Sep 2026	None	41 of 100
23 Sep 2026	None	87 of 100
22 Sep 2026	Bullish	97 of 100
21 Sep 2026	None	43 of 100
18 Sep 2026	None	15 of 100
17 Sep 2026	None	15 of 100
16 Sep 2026	None	83 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 17 of 56 Energy names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Energy	56	17	33	6

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

PR closed at 21.30 on 28 Sep 2026.

Figure	Value
Last close	21.30
Change over 5 trading days	-3.0%
Change over 21 trading days	-8.1%
Change over 63 trading days	+15.3%
Change over 252 trading days	+55.6%
52 week high	24.64
52 week low	11.92
20 day moving average	22.97
50 day moving average	22.14
200 day moving average	19.24
RSI, 14 days	39

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

PR reports next on 4 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 5 Aug 2026	+2.5%
Move after the report of 29 Jul 2026	+1.2%
Move after the report of 30 Apr 2026	+2.2%
Move after the report of 28 Jan 2026	+3.3%

Earnings calendar as of 28 Sep 2026. Current on every plan.

Open Earnings Radar in RingMaster The Earnings Radar guide

Seasonality

In the 10 Septembers on record, PR's average change was plus 1.7 percent, and it rose in 40.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+1.7%	-3.0%	40.0%	10
October	+2.2%	+1.6%	60.0%	10
November	+10.0%	+4.2%	60.0%	10

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

Open Seasonality in RingMaster The Seasonality guide

Headlines

The desk's news feeds carried 2 headlines naming PR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	2
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

Open Headlines in RingMaster The Headlines guide

Questions

What is PR's IV rank?: PR's IV rank is 59 of 100 on 28 Sep 2026.
What move are PR options pricing?: On 28 Sep 2026, PR options priced a move of 10.0 percent down and 10.2 percent up by 16 Oct 2026.
Where are PR's call wall and put wall?: On 28 Sep 2026, PR's call wall is the 25 strike and its put wall is the 21 strike.
What was the desk's latest view of PR on the Free plan?: On 25 Sep 2026 the desk's view of PR was neutral, paper trading.
When does PR report earnings next?: PR reports next on 4 Nov 2026, a date worked out from past quarters.

More Energy names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans