PID Options History — March 2008

In March 2008, PID traded between $17.79 and $18.81. ATM implied volatility averaged 40.9%, placing in the 24.4% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 15.7% (HV 20d: 25.2%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.10.

Notable Days

2008-03-20: Highest Volume — 12 contracts
2008-03-28: Largest IV spike — 61.4% change
2008-03-14: Highest IV Rank — 39.5%
2008-03-14: Largest Expected Move — 18.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.45	$17.79	$18.81	$18.77	$18.53
Max Pain	$18.44	$18.00	$19.00	$19.00	$18.00
ATM IV	40.9%	25.9%	65.5%	40.8%	42.9%
Expected Move	11.2%	7.4%	18.8%	11.7%	12.3%
HV 20d	25.2%	17.2%	31.6%	20.7%	29.8%
HV 60d	23.5%	21.6%	25.6%	21.6%	25.4%
IV Rank	24.4%	15.2%	39.5%	24.3%	25.6%
IV Percentile	81.6%	60.7%	94.8%	86.5%	84.9%
Term Structure	-13.2%	-32.0%	-1.5%	-9.7%	-32.0%
VWIV	24.7%	24.7%	24.7%	24.7%	24.7%
Skew 25d	6.2%	-8.6%	21.1%	7.4%	3.6%
Skew 10d	7.5%	-2.1%	17.4%	2.4%	6.1%
Call IV 25d	29.8%	19.5%	50.5%	23.2%	32.0%
Put IV 25d	36.1%	25.7%	54.5%	30.6%	35.6%
Bid-Ask Spread %	175.10	152.35	200.00	165.22	185.97
Gamma HHI	0.39	0.27	0.51	0.29	0.44
Net GEX	1.8K	752	3.3K	3.0K	1.5K
Net DEX	-15.8K	-34.5K	-1.7K	-19.5K	-10.8K
Net VEX	-120	-179	-83	-177	-87
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.20	0.00	0.20
Total Volume	0.9	0	12	0	0
Total OI	117.2	37	156	156	39

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2008-03-03	$18.77	$19.00	40.8%	11.7%	20.7%	24.3%	0.0%	7.4%	-9.7%	3.0K	-19.5K	-177	0.00	165.22	N/A	N/A	0	0	147	9
2008-03-04	$18.59	$19.00	40.5%	11.6%	20.7%	24.2%	0.0%	0.3%	-1.5%	2.2K	-11.9K	-148	0.00	152.87	N/A	N/A	0	0	147	9
2008-03-05	$18.81	$19.00	37.2%	10.7%	17.2%	22.1%	0.0%	-8.6%	-6.8%	1.2K	-9.3K	-138	0.00	161.90	N/A	N/A	0	0	147	9
2008-03-06	$18.45	$19.00	54.0%	15.5%	18.4%	32.5%	0.0%	19.3%	-24.5%	2.9K	-21.3K	-179	0.00	175.79	N/A	N/A	0	0	147	9
2008-03-07	$18.33	$0.00	34.9%	8.5%	18.5%	20.7%	0.0%	8.3%	-4.2%	768	-1.7K	-116	0.00	165.01	N/A	N/A	0	0	147	9
2008-03-10	$18.09	$0.00	34.3%	10.4%	18.9%	20.3%	0.0%	8.3%	-11.2%	1.6K	-12.5K	-100	0.00	183.19	N/A	N/A	0	0	147	1
2008-03-11	$18.66	$0.00	45.1%	7.7%	22.1%	27.0%	0.0%	10.4%	-6.5%	2.9K	-21.1K	-131	0.00	152.35	N/A	N/A	0	0	147	1
2008-03-12	$18.64	$0.00	46.3%	10.1%	21.6%	27.7%	0.0%	3.8%	-15.7%	2.6K	-20.7K	-128	0.00	175.79	N/A	N/A	0	0	147	1
2008-03-13	$18.77	$0.00	49.7%	14.3%	21.4%	29.8%	0.0%	10.3%	-18.8%	3.3K	-34.5K	-165	0.00	200.00	N/A	N/A	4	0	147	1
2008-03-14	$18.33	$0.00	65.5%	18.8%	22.9%	39.5%	0.0%	-2.1%	-26.8%	2.7K	-33.1K	-157	0.00	198.16	N/A	N/A	0	0	147	1
2008-03-17	$17.79	$0.00	37.9%	10.9%	25.1%	22.6%	0.0%	4.8%	-11.5%	1.1K	-9.4K	-83	0.00	176.28	N/A	N/A	0	0	147	1
2008-03-18	$18.45	$0.00	40.2%	11.5%	28.4%	24.0%	0.0%	6.6%	-18.3%	1.7K	-16.4K	-110	0.00	187.04	N/A	N/A	0	0	147	1
2008-03-19	$17.86	$0.00	46.4%	13.3%	30.5%	27.8%	0.0%	8.1%	-18.3%	996	-14.2K	-101	0.00	189.58	N/A	N/A	0	0	147	1
2008-03-20	$18.08	$0.00	29.7%	8.5%	30.9%	17.5%	0.0%	4.2%	-6.0%	752	-11.1K	-90	0.20	152.82	N/A	N/A	10	2	147	1
2008-03-24	$18.44	$0.00	31.9%	9.1%	31.6%	18.8%	24.7%	2.2%	-8.6%	1.6K	-11.8K	-83	0.00	177.81	N/A	N/A	0	2	37	0
2008-03-25	$18.74	$18.00	25.9%	7.4%	31.6%	15.2%	0.0%	4.1%	-3.8%	1.7K	-14.9K	-107	0.00	158.90	N/A	N/A	0	0	37	2
2008-03-26	$18.60	$18.00	31.6%	9.1%	31.1%	18.7%	0.0%	2.0%	-4.6%	1.6K	-13.1K	-98	0.00	171.24	N/A	N/A	0	0	37	2
2008-03-27	$18.61	$18.00	31.6%	9.1%	31.1%	18.7%	0.0%	10.1%	-4.5%	1.6K	-13.8K	-101	0.00	172.05	N/A	N/A	0	0	37	2
2008-03-28	$18.43	$18.00	51.0%	14.6%	31.2%	30.6%	0.0%	21.1%	-31.2%	1.3K	-15.6K	-108	0.00	200.00	N/A	N/A	0	0	37	2
2008-03-31	$18.53	$18.00	42.9%	12.3%	29.8%	25.6%	0.0%	3.6%	-32.0%	1.5K	-10.8K	-87	0.00	185.97	N/A	N/A	0	0	37	2