PID Options History — May 2016

In May 2016, PID traded between $13.82 and $14.59. ATM implied volatility averaged 28.5%, placing in the 11.9% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 7.9% (HV 20d: 20.6%). Max pain ranged from $13.00 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.57.

Notable Days

2016-05-02: Highest Volume — 139 contracts
2016-05-23: Largest IV drop — 39.7% change
2016-05-03: Highest IV Rank — 15.7%
2016-05-03: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.17	$13.82	$14.59	$14.59	$14.32
Max Pain	$13.29	$13.00	$15.00	$15.00	$13.00
ATM IV	28.5%	19.7%	34.8%	26.9%	29.3%
Expected Move	8.0%	5.3%	10.0%	7.7%	8.4%
HV 20d	20.6%	18.0%	23.9%	21.8%	19.4%
HV 60d	23.6%	21.9%	25.6%	25.2%	21.9%
IV Rank	11.9%	6.5%	15.7%	11.0%	12.3%
IV Percentile	85.0%	51.2%	94.8%	88.1%	88.1%
Term Structure	-2.3%	-12.5%	7.1%	-2.4%	-4.2%
VWIV	32.9%	24.9%	42.2%	25.6%	42.2%
Skew 25d	3.5%	0.6%	5.7%	1.8%	4.2%
Skew 10d	6.5%	1.3%	12.6%	4.4%	3.9%
Call IV 25d	28.6%	20.8%	39.0%	31.6%	31.4%
Put IV 25d	32.0%	23.2%	43.1%	33.4%	35.6%
Bid-Ask Spread %	128.30	119.35	149.18	149.18	129.28
Gamma HHI	0.68	0.48	0.93	0.48	0.93
Net GEX	1.6K	729	2.8K	729	2.5K
Net DEX	-99.4K	-127.3K	-73.1K	-116.3K	-117.6K
Net VEX	-275	-380	-180	-261	-200
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.57	0.49	0.60	0.60	0.49
Total Volume	136.762	130	139	139	131
Total OI	194.857	191	196	196	193

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
2016-05-02	$14.59	$15.00	26.9%	7.7%	21.8%	11.0%	25.6%	1.8%	-2.4%	729	-116.3K	-261	0.60	149.18	N/A	N/A	87	52	111	85
2016-05-03	$14.24	$15.00	34.8%	10.0%	22.9%	15.7%	30.3%	4.1%	-8.8%	1.1K	-96.3K	-328	0.60	144.17	N/A	N/A	87	52	111	85
2016-05-04	$13.98	$15.00	32.4%	9.3%	23.9%	14.3%	39.9%	3.0%	-2.0%	889	-76.3K	-380	0.60	137.98	N/A	N/A	87	52	111	85
2016-05-05	$13.94	$13.00	28.7%	8.2%	23.3%	12.1%	30.9%	3.8%	0.1%	839	-75.7K	-380	0.60	126.17	N/A	N/A	87	52	111	85
2016-05-06	$13.97	$13.00	22.5%	5.3%	21.9%	8.3%	27.2%	2.4%	2.4%	2.4K	-103.8K	-235	0.60	128.17	N/A	N/A	87	52	111	85
2016-05-09	$13.82	$13.00	30.9%	7.8%	22.1%	13.4%	29.1%	3.9%	-1.1%	1.1K	-73.1K	-364	0.60	128.39	N/A	N/A	87	52	111	85
2016-05-10	$14.15	$13.00	32.3%	6.8%	22.2%	14.3%	24.9%	4.0%	1.2%	2.8K	-99.7K	-264	0.60	121.61	N/A	N/A	87	52	111	85
2016-05-11	$14.20	$13.00	29.4%	8.4%	20.7%	12.5%	33.1%	3.3%	-7.0%	1.6K	-96.0K	-284	0.60	124.23	N/A	N/A	87	52	111	85
2016-05-12	$14.14	$13.00	25.4%	7.3%	20.7%	10.1%	32.0%	1.7%	1.2%	1.1K	-95.7K	-301	0.60	125.07	N/A	N/A	87	52	111	85
2016-05-13	$13.94	$13.00	31.1%	8.9%	21.2%	13.5%	31.5%	3.2%	-5.0%	1.0K	-76.0K	-346	0.60	124.74	N/A	N/A	87	52	111	85
2016-05-16	$14.21	$13.00	28.1%	8.0%	22.1%	11.6%	34.6%	4.4%	-2.4%	1.2K	-99.1K	-261	0.60	124.90	N/A	N/A	87	52	111	85
2016-05-17	$14.23	$13.00	32.6%	9.4%	19.0%	14.3%	34.2%	5.7%	-12.5%	1.8K	-98.9K	-265	0.60	127.01	N/A	N/A	87	52	111	85
2016-05-18	$14.07	$13.00	29.5%	8.5%	19.0%	12.4%	34.4%	4.1%	-3.8%	1.0K	-88.5K	-302	0.60	123.84	N/A	N/A	87	52	111	85
2016-05-19	$14.08	$13.00	29.5%	8.5%	18.9%	12.4%	30.0%	0.6%	-1.5%	1.2K	-91.5K	-272	0.60	122.96	N/A	N/A	87	52	111	85
2016-05-20	$14.13	$13.00	32.6%	9.4%	18.9%	14.3%	35.8%	3.9%	-9.0%	1.2K	-89.5K	-285	0.60	125.69	N/A	N/A	87	52	111	85
2016-05-23	$14.07	$13.00	19.7%	5.6%	18.3%	6.5%	28.5%	2.4%	7.1%	2.3K	-120.1K	-196	0.54	119.35	N/A	N/A	87	47	111	80
2016-05-24	$14.15	$13.00	23.0%	6.6%	18.0%	8.5%	34.2%	2.2%	5.9%	1.7K	-116.1K	-217	0.49	122.55	N/A	N/A	87	43	111	80
2016-05-25	$14.44	$13.00	22.9%	6.6%	19.7%	8.4%	31.8%	4.9%	-3.8%	2.8K	-127.3K	-180	0.49	124.16	N/A	N/A	87	43	111	81
2016-05-26	$14.45	$13.00	28.9%	8.3%	19.4%	12.1%	41.3%	3.1%	-2.7%	1.7K	-116.6K	-228	0.49	132.57	N/A	N/A	88	43	111	81
2016-05-27	$14.41	$13.00	28.8%	8.3%	19.4%	12.0%	40.2%	5.7%	-0.5%	1.7K	-112.8K	-229	0.49	132.34	N/A	N/A	88	43	112	81
2016-05-31	$14.32	$13.00	29.3%	8.4%	19.4%	12.3%	42.2%	4.2%	-4.2%	2.5K	-117.6K	-200	0.49	129.28	N/A	N/A	88	43	112	81