Max pain is the price where the total value of all open calls and puts would be lowest at expiration, so option buyers as a group would lose the most. Some traders watch it as a level the stock may drift toward near expiration, because option sellers, often market makers, hedge their positions in ways that can pull the price toward heavily traded strikes. It is a theory, not a guarantee.

As of the Nov 4, 2026 close, max pain for Permian Resources options about one week from expiration was $23.11. The chart above shows the exact max pain for each expiration date.

Permian Resources closed above its near-term max pain on 19 of the last 20 trading days. On Nov 4, 2026 it closed at $22.43, 3.0% below max pain of $23.11.

Over the last 20 trading days, near-term max pain for Permian Resources ranged from $21.25 to $23.19. It went from $22.01 on Oct 8, 2026 to $23.11 on Nov 4, 2026. See the PR max pain history for a longer view.

Permian Resources Corp is an independent oil and natural gas company focused on generating outsized returns to stakeholders through the responsible acquisition, optimization, and development of oil and liquids-rich natural gas assets.