PID Options History — April 2008

In April 2008, PID traded between $18.77 and $19.90. ATM implied volatility averaged 36.2%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 11.3% (HV 20d: 24.9%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2008-04-02: Highest Volume — 7 contracts
2008-04-24: Largest IV spike — 83.6% change
2008-04-01: Highest IV Rank — 33.5%
2008-04-01: Largest Expected Move — 16.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$19.30	$18.77	$19.90	$19.09	$19.58
Max Pain	$18.00	$18.00	$18.00	$18.00	$18.00
ATM IV	36.2%	21.5%	55.6%	55.6%	33.4%
Expected Move	9.5%	6.0%	16.0%	16.0%	9.6%
HV 20d	24.9%	18.3%	31.6%	31.6%	18.3%
HV 60d	24.7%	23.9%	26.2%	26.2%	23.9%
IV Rank	21.5%	12.4%	33.5%	33.5%	19.8%
IV Percentile	70.2%	45.6%	92.5%	92.5%	67.1%
Term Structure	-8.3%	-24.2%	0.3%	-24.2%	-3.6%
Skew 25d	7.8%	1.7%	23.3%	7.6%	18.1%
Skew 10d	9.3%	3.6%	25.2%	13.4%	18.8%
Call IV 25d	23.6%	17.8%	32.3%	32.3%	20.1%
Put IV 25d	31.4%	20.8%	42.9%	39.9%	38.2%
Bid-Ask Spread %	170.86	144.42	198.18	198.18	172.63
Gamma HHI	0.44	0.38	0.47	0.45	0.42
Net GEX	2.2K	1.5K	3.1K	1.7K	2.8K
Net DEX	-20.2K	-31.4K	-13.4K	-21.6K	-25.2K
Net VEX	-101	-126	-83	-120	-104
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.864	0	7	5	0
Total OI	36.727	35	40	39	38

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2008-04-01	$19.09	$18.00	55.6%	16.0%	31.6%	33.5%	0.0%	7.6%	-24.2%	1.7K	-21.6K	-120	198.18	N/A	N/A	5	0	37	2
2008-04-02	$19.27	$18.00	46.9%	13.5%	31.5%	28.1%	0.0%	11.8%	-19.0%	1.9K	-17.9K	-103	192.60	N/A	N/A	7	0	33	2
2008-04-03	$19.29	$18.00	47.6%	13.6%	31.3%	28.5%	0.0%	11.2%	-20.6%	1.9K	-17.8K	-102	192.51	N/A	N/A	0	0	33	2
2008-04-04	$19.29	$0.00	49.5%	8.6%	30.3%	29.7%	0.0%	3.4%	-6.1%	2.1K	-18.7K	-102	170.92	N/A	N/A	0	0	33	2
2008-04-07	$19.34	$0.00	32.0%	6.0%	30.1%	18.9%	0.0%	2.8%	0.3%	2.1K	-18.3K	-99	144.42	N/A	N/A	0	0	33	2
2008-04-08	$19.18	$0.00	51.0%	8.6%	29.8%	30.6%	0.0%	2.7%	-5.5%	1.9K	-16.1K	-95	171.97	N/A	N/A	0	0	33	2
2008-04-09	$19.00	$0.00	45.9%	7.9%	28.2%	27.5%	0.0%	5.0%	-4.9%	1.8K	-13.4K	-85	168.23	N/A	N/A	0	0	33	2
2008-04-10	$19.00	$0.00	22.3%	6.4%	28.2%	12.9%	0.0%	3.6%	-0.1%	1.7K	-14.4K	-87	155.74	N/A	N/A	0	0	33	2
2008-04-11	$18.77	$0.00	33.8%	9.7%	28.5%	20.0%	0.0%	6.9%	-5.6%	1.5K	-13.5K	-83	183.87	N/A	N/A	0	0	33	2
2008-04-14	$18.80	$0.00	34.7%	10.0%	27.0%	20.6%	0.0%	6.4%	-6.4%	1.5K	-13.7K	-84	183.42	N/A	N/A	0	0	33	2
2008-04-15	$18.85	$0.00	34.7%	9.9%	24.4%	20.6%	0.0%	6.1%	-6.9%	1.5K	-13.9K	-83	182.82	N/A	N/A	0	0	33	2
2008-04-16	$19.40	$0.00	30.0%	8.6%	23.1%	17.7%	0.0%	3.8%	-6.1%	2.1K	-17.9K	-88	169.76	N/A	N/A	5	0	33	2
2008-04-17	$19.34	$0.00	30.1%	8.6%	19.3%	17.7%	0.0%	4.0%	-6.3%	2.4K	-22.6K	-112	169.24	N/A	N/A	0	0	38	2
2008-04-18	$19.90	$0.00	22.3%	6.4%	21.0%	12.9%	0.0%	7.6%	-3.1%	2.8K	-31.4K	-126	149.81	N/A	N/A	0	2	38	2
2008-04-21	$19.56	$0.00	30.0%	8.6%	21.6%	17.7%	0.0%	1.7%	-8.4%	2.7K	-25.4K	-111	162.02	N/A	N/A	0	0	38	0
2008-04-22	$19.45	$0.00	29.5%	8.5%	21.2%	17.4%	0.0%	3.0%	-9.3%	2.7K	-22.7K	-105	160.74	N/A	N/A	0	0	38	0
2008-04-23	$19.37	$0.00	29.0%	8.3%	21.0%	17.1%	0.0%	9.2%	-8.5%	2.7K	-21.4K	-104	161.54	N/A	N/A	0	0	38	0
2008-04-24	$19.37	$0.00	53.3%	15.3%	21.0%	32.1%	0.0%	23.3%	-21.3%	2.2K	-26.7K	-114	183.01	N/A	N/A	0	0	38	0
2008-04-25	$19.57	$0.00	21.5%	6.2%	20.8%	12.4%	0.0%	6.9%	-1.9%	3.1K	-22.9K	-102	154.26	N/A	N/A	0	0	38	0
2008-04-28	$19.62	$0.00	27.4%	7.9%	20.7%	16.1%	0.0%	14.1%	-2.6%	2.9K	-26.1K	-108	164.32	N/A	N/A	0	0	38	0
2008-04-29	$19.46	$0.00	36.3%	10.4%	18.5%	21.5%	0.0%	12.4%	-13.2%	2.7K	-23.6K	-105	166.84	N/A	N/A	0	0	38	0
2008-04-30	$19.58	$0.00	33.4%	9.6%	18.3%	19.8%	0.0%	18.1%	-3.6%	2.8K	-25.2K	-104	172.63	N/A	N/A	0	0	38	0