PID Options History — April 2016

In April 2016, PID traded between $13.29 and $14.98. ATM implied volatility averaged 29.4%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.1% (HV 20d: 23.3%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.67.

Notable Days

2016-04-01: Highest Volume — 204 contracts
2016-04-13: Largest IV drop — 45.5% change
2016-04-12: Highest IV Rank — 25.2%
2016-04-01: Largest Expected Move — 8.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.26	$13.29	$14.98	$13.69	$14.66
Max Pain	$14.75	$13.00	$15.00	$13.00	$15.00
ATM IV	29.4%	19.4%	50.4%	30.7%	26.0%
Expected Move	6.8%	5.6%	8.8%	8.8%	7.5%
HV 20d	23.3%	22.0%	25.1%	25.1%	22.3%
HV 60d	28.6%	25.3%	31.4%	31.4%	25.3%
IV Rank	12.5%	6.4%	25.2%	13.3%	10.4%
IV Percentile	82.4%	57.5%	99.2%	95.2%	85.3%
Term Structure	-1.7%	-8.3%	2.9%	-3.3%	1.2%
VWIV	24.0%	19.7%	35.2%	35.2%	25.3%
Skew 25d	1.8%	-5.7%	8.2%	3.0%	1.0%
Skew 10d	4.9%	-7.7%	10.6%	10.6%	6.7%
Call IV 25d	25.4%	17.4%	41.5%	34.9%	30.3%
Put IV 25d	27.2%	19.4%	47.3%	37.9%	31.3%
Bid-Ask Spread %	139.80	130.78	146.70	145.75	137.50
Gamma HHI	0.60	0.29	1.00	0.29	0.46
Net GEX	318	-2.4K	2.2K	-606	793
Net DEX	-101.7K	-162.3K	-27.3K	-54.0K	-106.3K
Net VEX	-333	-550	-27	-531	-332
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.67	0.54	0.74	0.74	0.60
Total Volume	172.571	134	204	204	139
Total OI	224.095	191	251	251	196

Daily Data (21 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
2016-04-01	$13.69	$13.00	30.7%	8.8%	25.1%	13.3%	35.2%	3.0%	-3.3%	-606	-54.0K	-531	0.74	145.75	N/A	N/A	117	87	121	130
2016-04-04	$13.54	$0.00	32.6%	6.7%	24.5%	14.4%	0.0%	3.4%	2.8%	-1.4K	-48.9K	-538	0.74	143.98	N/A	N/A	117	87	121	130
2016-04-05	$13.32	$0.00	35.2%	7.2%	23.9%	16.0%	0.0%	2.8%	-5.1%	-1.9K	-31.2K	-550	0.74	143.41	N/A	N/A	117	87	121	130
2016-04-06	$13.48	$0.00	42.1%	7.3%	22.1%	20.2%	0.0%	5.8%	-3.9%	-1.1K	-37.8K	-528	0.74	143.24	N/A	N/A	117	87	121	130
2016-04-07	$13.29	$0.00	37.9%	6.8%	22.4%	17.6%	0.0%	4.6%	2.5%	-2.4K	-27.3K	-540	0.74	134.55	N/A	N/A	117	87	121	130
2016-04-08	$13.60	$0.00	39.6%	6.0%	23.9%	18.7%	0.0%	-0.8%	-0.2%	-1.0K	-53.7K	-498	0.74	136.91	N/A	N/A	117	87	121	130
2016-04-11	$13.74	$0.00	48.8%	6.7%	23.0%	24.2%	0.0%	2.1%	1.6%	-869	-66.9K	-476	0.74	144.22	N/A	N/A	117	87	121	130
2016-04-12	$14.06	$0.00	50.4%	7.1%	24.4%	25.2%	0.0%	1.2%	-2.1%	645	-95.6K	-379	0.74	130.78	N/A	N/A	117	87	121	130
2016-04-13	$14.37	$0.00	27.5%	7.9%	24.6%	11.3%	0.0%	8.2%	-8.3%	1.7K	-125.8K	-298	0.74	146.70	N/A	N/A	117	87	121	130
2016-04-14	$14.39	$0.00	22.1%	6.3%	23.6%	8.1%	0.0%	4.1%	-1.1%	1.2K	-129.2K	-305	0.74	144.62	N/A	N/A	117	87	121	130
2016-04-15	$14.31	$0.00	23.8%	6.8%	22.2%	9.1%	0.0%	-0.9%	0.7%	1.1K	-117.9K	-357	0.74	144.68	N/A	N/A	117	87	121	130
2016-04-18	$14.46	$0.00	24.9%	7.2%	22.4%	9.8%	0.0%	-5.7%	-1.5%	2.2K	-135.3K	-167	0.54	138.57	N/A	N/A	87	47	111	80
2016-04-19	$14.89	$0.00	19.4%	5.6%	24.1%	6.4%	0.0%	5.2%	2.9%	1.8K	-143.5K	-160	0.54	145.42	N/A	N/A	87	47	111	80
2016-04-20	$14.98	$0.00	20.8%	6.0%	24.0%	7.3%	20.8%	-2.1%	-3.0%	249	-162.3K	-27	0.60	138.05	N/A	N/A	87	52	111	80
2016-04-21	$14.83	$15.00	21.2%	6.1%	22.1%	7.6%	19.7%	1.8%	-4.0%	1.2K	-139.1K	-198	0.60	132.33	N/A	N/A	87	52	111	85
2016-04-22	$14.88	$15.00	21.2%	6.1%	22.0%	7.6%	20.4%	-2.9%	-3.7%	1.2K	-134.9K	-210	0.60	135.54	N/A	N/A	87	52	111	85
2016-04-25	$14.66	$15.00	21.3%	6.1%	23.1%	7.6%	19.9%	1.2%	-4.4%	979	-133.8K	-206	0.60	134.06	N/A	N/A	87	52	111	85
2016-04-26	$14.81	$15.00	23.1%	6.6%	23.2%	8.7%	25.2%	2.1%	-2.0%	903	-126.4K	-259	0.60	139.78	N/A	N/A	87	52	111	85
2016-04-27	$14.85	$15.00	26.8%	7.7%	22.7%	10.9%	29.4%	2.5%	-1.3%	927	-130.7K	-232	0.60	142.04	N/A	N/A	87	52	111	85
2016-04-28	$14.70	$15.00	21.1%	6.0%	23.1%	7.5%	20.2%	1.2%	-3.4%	1.1K	-135.4K	-200	0.60	133.71	N/A	N/A	87	52	111	85
2016-04-29	$14.66	$15.00	26.0%	7.5%	22.3%	10.4%	25.3%	1.0%	1.2%	793	-106.3K	-332	0.60	137.50	N/A	N/A	87	52	111	85