PID Options History — July 2008

In July 2008, PID traded between $15.97 and $17.61. ATM implied volatility averaged 80.3%, placing in the 48.7% IV rank vs the trailing year. The 30-day expected move averaged 21.8%. IV traded above realized volatility by 53.7% (HV 20d: 26.7%). Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days.

Notable Days

  • 2008-07-18: Highest Volume — 209 contracts
  • 2008-07-24: Largest IV spike — 68.0% change
  • 2008-07-15: Highest IV Rank — 83.0%
  • 2008-07-15: Largest Expected Move — 39.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.04$15.97$17.61$17.31$17.28
ATM IV80.3%48.6%136.0%70.0%83.3%
Expected Move21.8%13.1%39.0%20.1%23.9%
HV 20d26.7%20.5%32.2%23.0%30.3%
HV 60d21.4%19.3%23.7%19.3%23.7%
IV Rank48.7%29.2%83.0%42.3%50.5%
IV Percentile92.7%78.2%98.8%94.8%92.9%
Term Structure-20.6%-46.2%37.3%-46.2%-12.1%
Skew 25d12.0%-38.0%38.9%22.4%11.9%
Skew 10d5.4%-38.0%26.7%2.3%-5.1%
Call IV 25d46.1%26.4%173.9%33.9%38.6%
Put IV 25d58.2%36.9%135.9%56.3%50.5%
Bid-Ask Spread %191.13183.56196.35186.66193.36
Gamma HHI0.960.521.000.561.00
Net GEX13854188106126
Net DEX-2.1K-3.8K5.6K5.6K-3.5K
Net VEX-14-28-11-22-13
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume9.727020900
Total OI5.455510105

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$17.31$0.0070.0%20.1%23.0%42.3%0.0%22.4%-46.2%1065.6K-220.00186.66N/AN/A0055
2008-07-02$16.94$0.00114.1%32.7%23.7%69.5%0.0%38.9%-45.0%544.7K-280.00183.56N/AN/A0555
2008-07-03$16.80$0.0068.3%19.6%21.5%41.3%0.0%19.0%-29.3%170-1.7K-110.00184.53N/AN/A0050
2008-07-07$16.80$0.0072.7%13.2%20.5%44.0%0.0%14.9%-14.6%170-1.6K-110.00189.17N/AN/A0050
2008-07-08$17.06$0.0073.3%13.1%22.0%44.3%0.0%10.4%-15.8%188-2.0K-120.00192.51N/AN/A0050
2008-07-09$17.20$0.0097.7%16.9%22.3%59.4%0.0%16.7%-20.3%179-2.5K-130.00190.97N/AN/A0050
2008-07-10$16.84$0.0059.1%16.9%22.7%35.6%0.0%13.3%-19.9%162-2.1K-120.00190.97N/AN/A0050
2008-07-11$16.78$0.0073.9%21.2%22.7%44.7%0.0%25.5%-23.5%153-2.3K-120.00188.98N/AN/A0050
2008-07-14$16.51$0.0094.4%27.1%22.1%57.4%0.0%27.4%-39.6%143-1.9K-110.00188.39N/AN/A0050
2008-07-15$15.97$0.00136.0%39.0%23.4%83.0%0.0%-38.0%-41.3%86-3.0K-130.00185.56N/AN/A0050
2008-07-16$16.73$0.0092.8%26.6%30.4%56.4%0.0%22.9%-22.5%134-2.6K-120.00189.61N/AN/A0050
2008-07-17$17.06$0.0094.9%27.2%31.7%57.7%0.0%15.2%-32.2%138-3.0K-140.00192.51N/AN/A0050
2008-07-18$17.27$0.0056.6%16.2%32.2%34.1%0.0%5.7%-16.4%169-2.8K-130.00194.27N/AN/A020950
2008-07-21$17.25$0.0075.9%21.8%28.8%46.0%0.0%6.8%-23.1%146-3.2K-130.00195.24N/AN/A0050
2008-07-22$17.41$0.0079.1%22.7%29.1%48.0%0.0%8.7%-28.4%142-3.4K-140.00195.59N/AN/A0050
2008-07-23$17.61$0.0054.9%15.8%29.3%33.1%0.0%6.5%37.3%132-3.8K-140.00196.35N/AN/A0050
2008-07-24$17.14$0.0092.3%26.5%30.3%56.1%0.0%11.5%-19.6%106-3.7K-130.00193.36N/AN/A0050
2008-07-25$17.23$0.0077.2%22.1%29.2%46.8%0.0%7.8%-6.2%124-3.5K-130.00193.76N/AN/A0050
2008-07-28$16.90$0.0048.6%13.9%30.0%29.2%0.0%5.8%2.9%149-2.6K-110.00190.97N/AN/A0050
2008-07-29$17.22$0.0060.3%17.3%30.8%36.3%0.0%5.9%-3.6%140-3.2K-120.00193.36N/AN/A0050
2008-07-30$17.47$0.0092.3%26.5%31.0%56.1%0.0%5.7%-33.6%129-3.7K-130.00195.24N/AN/A0050
2008-07-31$17.28$0.0083.3%23.9%30.3%50.5%0.0%11.9%-12.1%126-3.5K-130.00193.36N/AN/A0050