PID Options History — April 2017

In April 2017, PID traded between $14.78 and $15.13. ATM implied volatility averaged 25.9%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 17.2% (HV 20d: 8.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 2.56.

Notable Days

2017-04-03: Highest Volume — 48 contracts
2017-04-25: Largest IV spike — 72.9% change
2017-04-05: Highest IV Rank — 21.0%
2017-04-05: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.99	$14.78	$15.13	$14.96	$15.07
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	25.9%	17.6%	33.8%	31.8%	31.4%
Expected Move	7.1%	5.1%	9.7%	9.1%	9.0%
HV 20d	8.7%	6.3%	10.1%	10.0%	10.0%
HV 60d	9.3%	8.8%	9.7%	9.5%	9.4%
IV Rank	15.8%	10.5%	21.0%	19.7%	19.4%
IV Percentile	34.4%	1.2%	76.6%	65.1%	63.9%
Term Structure	-3.2%	-12.3%	3.8%	-9.7%	-1.5%
VWIV	32.7%	31.7%	33.8%	31.7%	32.6%
Skew 25d	-0.1%	-24.9%	16.6%	-2.7%	-3.5%
Skew 10d	5.7%	-13.5%	25.7%	19.5%	25.0%
Call IV 25d	21.3%	13.8%	40.3%	18.2%	17.9%
Put IV 25d	21.2%	14.3%	34.6%	15.5%	14.4%
Bid-Ask Spread %	137.49	104.16	152.20	142.75	138.55
Gamma HHI	0.56	0.51	0.71	0.53	0.59
Net GEX	-6.3K	-10.8K	-3.9K	-5.5K	-4.3K
Net DEX	65.1K	26.9K	87.0K	65.8K	42.2K
Net VEX	-504	-580	-226	-563	-505
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.56	2.13	2.69	2.69	2.13
Total Volume	47.632	45	48	48	47
Total OI	163.421	156	165	165	161

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
2017-04-03	$14.96	$15.00	31.8%	9.1%	10.0%	19.7%	31.7%	-2.7%	-9.7%	-5.5K	65.8K	-563	2.69	142.75	N/A	N/A	13	35	19	146
2017-04-04	$15.00	$15.00	33.8%	9.7%	9.6%	21.0%	33.8%	3.4%	-11.6%	-4.7K	75.7K	-577	2.69	152.20	N/A	N/A	13	35	19	146
2017-04-05	$14.96	$15.00	33.8%	9.7%	8.8%	21.0%	32.6%	-24.9%	-10.2%	-5.2K	73.8K	-580	2.69	149.66	N/A	N/A	13	35	19	146
2017-04-06	$15.00	$0.00	25.6%	5.7%	8.8%	15.7%	0.0%	5.7%	-0.7%	-8.4K	63.7K	-509	2.69	126.24	N/A	N/A	13	35	19	146
2017-04-07	$14.94	$0.00	24.4%	5.8%	8.9%	14.9%	0.0%	-6.1%	-1.1%	-6.4K	74.1K	-560	2.69	141.47	N/A	N/A	13	35	19	146
2017-04-10	$15.05	$0.00	27.0%	5.8%	9.1%	16.5%	0.0%	1.9%	-1.4%	-6.6K	70.7K	-543	2.69	123.52	N/A	N/A	13	35	19	146
2017-04-11	$15.05	$0.00	26.4%	6.1%	8.2%	16.2%	0.0%	-4.4%	3.5%	-7.8K	66.3K	-525	2.69	107.21	N/A	N/A	13	35	19	146
2017-04-12	$15.05	$0.00	21.5%	6.2%	6.3%	13.0%	0.0%	-4.4%	-2.7%	-7.6K	67.2K	-524	2.69	104.16	N/A	N/A	13	35	19	146
2017-04-13	$14.93	$0.00	22.3%	6.4%	7.0%	13.5%	0.0%	16.6%	3.8%	-4.8K	73.6K	-566	2.69	146.31	N/A	N/A	13	35	19	146
2017-04-17	$15.01	$0.00	21.1%	6.0%	7.1%	12.7%	0.0%	2.0%	-0.8%	-8.4K	63.6K	-488	2.69	144.48	N/A	N/A	13	35	19	146
2017-04-18	$14.94	$0.00	21.4%	6.2%	7.2%	13.0%	0.0%	-0.3%	1.8%	-5.4K	76.8K	-543	2.69	144.23	N/A	N/A	13	35	19	146
2017-04-19	$14.78	$0.00	23.0%	6.6%	7.8%	13.9%	0.0%	1.5%	-12.3%	-6.2K	83.2K	-523	2.69	146.31	N/A	N/A	13	35	19	146
2017-04-20	$14.88	$0.00	19.1%	5.5%	8.2%	11.4%	0.0%	1.6%	1.0%	-6.5K	78.4K	-524	2.69	141.18	N/A	N/A	13	35	19	146
2017-04-21	$14.82	$0.00	26.0%	7.5%	8.3%	15.9%	0.0%	2.0%	2.4%	-7.1K	87.0K	-501	2.69	149.29	N/A	N/A	13	35	19	146
2017-04-24	$15.07	$0.00	17.6%	5.1%	10.1%	10.5%	0.0%	13.6%	-3.5%	-4.5K	26.9K	-226	2.46	150.62	N/A	N/A	13	32	19	137
2017-04-25	$15.13	$0.00	30.5%	8.7%	10.1%	18.8%	0.0%	-3.0%	-10.5%	-10.8K	38.6K	-305	2.13	137.36	N/A	N/A	15	32	19	137
2017-04-26	$15.07	$0.00	22.8%	6.5%	10.0%	13.8%	0.0%	2.3%	-6.6%	-6.3K	48.2K	-473	2.13	129.82	N/A	N/A	15	32	24	137
2017-04-27	$15.11	$0.00	31.9%	9.1%	10.0%	19.7%	0.0%	-3.2%	-1.4%	-3.9K	60.8K	-537	2.13	136.92	N/A	N/A	15	32	24	137
2017-04-28	$15.07	$0.00	31.4%	9.0%	10.0%	19.4%	0.0%	-3.5%	-1.5%	-4.3K	42.2K	-505	2.13	138.55	N/A	N/A	15	32	24	137