Options Brief: Permian Basin Royalty Trust (PBT)

Shares of Permian Basin Royalty Trust (NYSE: PBT) are lower on the session by 3.61%, trading at $21.08.

Overall put volume is now running at 21.33x the daily average, with 51% of all puts traded being purchases on the offer. 1,237 contracts have traded on the session so far.

Permian Basin Royalty Trust is an express trust. The net overriding royalties conveyed to the Trust includes a 75% net overriding royalty carved out of Southland Royalty's fee mineral interests in the Waddell Ranch in Crane County, Texas, and a 95% net overriding royalty carved out of Southland Royalty's producing royalty interests in Texas.