PID Options History — December 2015

In December 2015, PID traded between $13.14 and $14.94. ATM implied volatility averaged 17.8%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded below realized volatility by 3.4% (HV 20d: 21.3%). Max pain ranged from $16.00 to $16.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 2.24.

Notable Days

2015-12-08: Highest Volume — 130 contracts
2015-12-09: Largest IV drop — 41.9% change
2015-12-08: Highest IV Rank — 9.9%
2015-12-11: Largest Expected Move — 5.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.88	$13.14	$14.94	$14.94	$13.60
Max Pain	$16.00	$16.00	$16.00	$16.00	$16.00
ATM IV	17.8%	14.0%	24.1%	17.4%	17.6%
Expected Move	4.7%	3.9%	5.6%	5.0%	5.1%
HV 20d	21.3%	15.1%	28.4%	15.1%	28.0%
HV 60d	20.9%	19.7%	22.7%	19.9%	21.0%
IV Rank	6.1%	3.8%	9.9%	5.9%	6.0%
IV Percentile	74.8%	55.2%	95.2%	77.8%	75.4%
Term Structure	-1.0%	-5.3%	4.1%	-1.9%	-2.0%
VWIV	19.5%	19.5%	19.5%	19.5%	19.5%
Skew 25d	1.4%	-13.0%	6.0%	3.4%	3.2%
Skew 10d	1.4%	-11.6%	7.1%	1.8%	3.5%
Call IV 25d	18.8%	13.8%	28.7%	19.5%	18.9%
Put IV 25d	20.2%	15.6%	23.6%	22.9%	22.1%
Bid-Ask Spread %	124.03	114.09	129.39	120.39	124.38
Gamma HHI	0.54	0.31	0.87	0.52	0.31
Net GEX	-1.0K	-3.5K	-257	-2.0K	-462
Net DEX	78.8K	44.3K	104.5K	76.3K	44.7K
Net VEX	-32	-105	-10	-105	-27
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.24	0.79	4.38	0.79	4.38
Total Volume	85.636	0	130	0	43
Total OI	492.773	37	755	750	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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-12-01	$14.94	$16.00	17.4%	5.0%	15.1%	5.9%	0.0%	3.4%	-1.9%	-2.0K	76.3K	-105	0.00	120.39	N/A	N/A	0	0	677	73
2015-12-02	$14.68	$16.00	18.4%	5.3%	16.0%	6.5%	19.5%	-0.4%	-5.3%	-3.5K	88.3K	-69	0.79	114.09	N/A	N/A	70	55	677	73
2015-12-03	$14.56	$0.00	23.9%	3.9%	15.9%	9.8%	0.0%	-0.0%	-0.3%	-2.8K	90.4K	-60	0.79	121.63	N/A	N/A	70	55	677	73
2015-12-04	$14.52	$0.00	22.3%	4.3%	15.7%	8.8%	0.0%	4.5%	0.0%	-3.3K	94.7K	-41	0.79	125.03	N/A	N/A	70	55	677	73
2015-12-07	$14.13	$0.00	19.0%	4.1%	17.8%	6.8%	0.0%	-0.9%	-2.7%	-1.2K	100.7K	-17	0.00	128.28	N/A	N/A	0	0	677	73
2015-12-08	$13.91	$0.00	24.1%	4.7%	18.2%	9.9%	0.0%	1.4%	0.6%	-689	100.1K	-10	0.86	124.36	N/A	N/A	70	60	677	73
2015-12-09	$13.98	$0.00	14.0%	4.0%	18.5%	3.8%	0.0%	1.1%	1.6%	-1.2K	104.0K	-33	0.86	127.08	N/A	N/A	70	60	677	78
2015-12-10	$13.98	$0.00	16.8%	4.8%	18.2%	5.5%	0.0%	0.7%	-1.2%	-1.0K	104.4K	-30	0.86	121.36	N/A	N/A	70	60	677	78
2015-12-11	$13.64	$0.00	19.4%	5.6%	17.1%	7.1%	0.0%	-0.5%	0.6%	-627	102.7K	-28	0.86	121.52	N/A	N/A	70	60	677	78
2015-12-14	$13.58	$0.00	17.2%	4.9%	17.1%	5.7%	0.0%	1.2%	1.9%	-459	102.9K	-24	0.86	121.55	N/A	N/A	70	60	677	78
2015-12-15	$13.77	$0.00	15.7%	4.5%	17.2%	4.8%	0.0%	3.6%	1.5%	-754	103.7K	-26	0.86	126.29	N/A	N/A	70	60	677	78
2015-12-16	$13.99	$0.00	15.6%	4.5%	18.5%	4.8%	0.0%	5.1%	4.1%	-1.1K	104.5K	-27	0.86	129.39	N/A	N/A	70	60	677	78
2015-12-17	$13.37	$0.00	17.5%	5.0%	22.8%	5.9%	0.0%	-13.0%	-3.9%	-317	101.9K	-21	0.86	121.63	N/A	N/A	70	60	677	78
2015-12-18	$13.14	$0.00	17.7%	5.1%	23.1%	6.1%	0.0%	-2.7%	-2.3%	-274	100.1K	-20	0.81	125.05	N/A	N/A	70	57	677	78
2015-12-21	$13.19	$0.00	17.1%	4.9%	23.4%	5.7%	0.0%	1.8%	-2.9%	-257	44.3K	-17	4.25	124.91	N/A	N/A	8	34	2	35
2015-12-22	$13.42	$0.00	17.4%	5.0%	24.8%	5.9%	0.0%	3.5%	1.3%	-268	44.8K	-18	4.25	120.84	N/A	N/A	8	34	2	35
2015-12-23	$13.84	$0.00	15.1%	4.3%	27.8%	4.5%	0.0%	4.3%	-2.7%	-395	45.3K	-22	4.38	126.61	N/A	N/A	8	35	2	35
2015-12-24	$13.88	$0.00	16.8%	4.8%	27.9%	5.5%	0.0%	4.1%	1.3%	-475	45.2K	-27	4.38	124.35	N/A	N/A	8	35	2	36
2015-12-28	$13.70	$0.00	16.6%	4.8%	28.1%	5.4%	0.0%	1.6%	-3.9%	-428	44.8K	-24	4.38	129.19	N/A	N/A	8	35	2	36
2015-12-29	$13.82	$0.00	16.4%	4.7%	28.4%	5.3%	0.0%	2.4%	-0.6%	-424	45.3K	-24	4.38	124.17	N/A	N/A	8	35	2	36
2015-12-30	$13.64	$0.00	16.1%	4.6%	28.4%	5.1%	0.0%	6.0%	-4.6%	-396	44.7K	-23	4.38	126.57	N/A	N/A	8	35	2	36
2015-12-31	$13.60	$0.00	17.6%	5.1%	28.0%	6.0%	0.0%	3.2%	-2.0%	-462	44.7K	-27	4.38	124.38	N/A	N/A	8	35	2	36