PID Options History — February 2017

In February 2017, PID traded between $14.61 and $15.06. ATM implied volatility averaged 27.7%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 18.1% (HV 20d: 9.6%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 10 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 3.70.

Notable Days

2017-02-28: Highest Volume — 128 contracts
2017-02-24: Largest IV spike — 47.6% change
2017-02-07: Highest IV Rank — 22.5%
2017-02-28: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.85	$14.61	$15.06	$14.75	$14.81
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	27.7%	18.5%	36.2%	34.0%	35.4%
Expected Move	7.3%	5.3%	10.1%	9.7%	10.1%
HV 20d	9.6%	8.0%	11.0%	11.0%	8.2%
HV 60d	10.8%	10.2%	11.6%	11.6%	10.2%
IV Rank	17.0%	11.0%	22.5%	21.1%	22.0%
IV Percentile	43.5%	1.6%	84.9%	79.4%	82.1%
Term Structure	-5.0%	-12.9%	6.3%	-7.0%	-12.9%
VWIV	24.4%	18.9%	35.9%	27.6%	35.9%
Skew 25d	-1.5%	-21.9%	17.2%	-21.9%	-8.2%
Skew 10d	10.3%	-2.1%	38.1%	3.8%	31.6%
Call IV 25d	21.6%	13.2%	41.0%	41.0%	30.2%
Put IV 25d	20.1%	14.9%	42.0%	19.2%	22.0%
Bid-Ask Spread %	140.35	113.50	156.46	153.38	140.42
Gamma HHI	0.78	0.58	0.94	0.80	0.71
Net GEX	-742	-2.9K	873	441	-2.0K
Net DEX	17.1K	-7.9K	46.4K	-4.4K	44.8K
Net VEX	-202	-442	-10	-13	-442
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.70	0.00	9.10	0.00	5.40
Total Volume	56.474	4	128	4	128
Total OI	53.579	7	117	7	117

Daily Data (19 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
2017-02-01	$14.75	$0.00	34.0%	9.7%	11.0%	21.1%	0.0%	-21.9%	-7.0%	441	-4.4K	-13	0.00	153.38	N/A	N/A	4	0	7	0
2017-02-02	$14.66	$15.00	36.0%	7.6%	10.5%	22.4%	27.6%	-14.0%	-3.0%	412	-3.4K	-13	0.00	153.20	N/A	N/A	4	0	7	0
2017-02-03	$14.77	$15.00	30.9%	7.1%	10.4%	19.1%	21.3%	-3.4%	6.3%	493	-3.6K	-13	0.00	154.16	N/A	N/A	4	0	7	0
2017-02-06	$14.66	$15.00	28.4%	5.5%	10.6%	17.5%	19.8%	-3.5%	-1.5%	505	-2.8K	-11	0.00	143.68	N/A	N/A	4	0	7	0
2017-02-07	$14.61	$15.00	36.2%	5.6%	10.6%	22.5%	18.9%	1.4%	0.2%	528	-2.6K	-10	0.00	131.27	N/A	N/A	4	0	7	0
2017-02-08	$14.61	$15.00	19.6%	5.6%	10.6%	11.8%	19.5%	0.5%	-0.4%	521	-2.4K	-10	0.00	113.50	N/A	N/A	4	0	7	0
2017-02-09	$14.72	$15.00	26.3%	7.5%	10.4%	16.1%	24.4%	2.4%	-5.4%	450	-3.4K	-11	0.00	153.00	N/A	N/A	4	0	7	0
2017-02-10	$14.80	$15.00	27.4%	7.9%	10.6%	16.8%	26.2%	-7.4%	1.3%	469	-3.7K	-11	0.00	156.46	N/A	N/A	4	0	7	0
2017-02-13	$14.87	$15.00	20.9%	6.0%	10.6%	12.6%	19.5%	0.4%	-1.7%	651	-4.3K	-11	0.00	150.55	N/A	N/A	10	0	7	0
2017-02-14	$14.93	$15.00	21.6%	6.2%	10.7%	13.0%	22.5%	-5.0%	-5.1%	873	-7.9K	-38	8.50	119.13	N/A	N/A	10	85	13	0
2017-02-15	$15.00	$15.00	24.3%	7.0%	8.5%	14.8%	22.2%	3.7%	-8.3%	-2.7K	38.7K	-396	8.50	137.24	N/A	N/A	10	85	13	85
2017-02-16	$15.01	$15.00	18.5%	5.3%	8.4%	11.0%	19.6%	-2.2%	-5.8%	-2.3K	37.6K	-394	8.50	138.24	N/A	N/A	10	85	13	85
2017-02-17	$14.98	$15.00	23.1%	6.6%	8.4%	14.0%	22.3%	-2.2%	-5.3%	-2.4K	37.2K	-388	8.50	134.77	N/A	N/A	10	85	13	85
2017-02-21	$15.06	$15.00	21.7%	6.2%	8.5%	13.1%	23.8%	0.4%	-5.5%	-1.4K	40.2K	-400	8.50	120.13	N/A	N/A	10	85	13	85
2017-02-22	$15.06	$15.00	30.5%	8.7%	8.0%	18.8%	29.1%	15.6%	-11.2%	-1.5K	39.4K	-397	9.10	150.06	N/A	N/A	10	91	13	85
2017-02-23	$15.06	$15.00	22.8%	6.5%	8.0%	13.8%	23.3%	-1.2%	-10.9%	-2.9K	36.6K	-392	4.55	129.82	N/A	N/A	20	91	13	91
2017-02-24	$14.91	$15.00	33.6%	9.6%	8.8%	20.8%	31.3%	-2.0%	-8.9%	-1.9K	42.7K	-440	4.40	138.85	N/A	N/A	20	88	23	91
2017-02-27	$14.92	$15.00	34.5%	9.9%	8.8%	21.4%	32.2%	17.2%	-9.9%	-2.3K	46.4K	-442	4.40	148.83	N/A	N/A	20	88	23	94
2017-02-28	$14.81	$15.00	35.4%	10.1%	8.2%	22.0%	35.9%	-8.2%	-12.9%	-2.0K	44.8K	-442	5.40	140.42	N/A	N/A	20	108	23	94