PID Options History — April 2018

In April 2018, PID traded between $15.55 and $16.15. ATM implied volatility averaged 26.8%, placing in the 13.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 14.0% (HV 20d: 12.8%). Max pain ranged from $14.00 to $14.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.05.

Notable Days

2018-04-24: Highest Volume — 75 contracts
2018-04-20: Largest IV spike — 39.5% change
2018-04-10: Highest IV Rank — 19.7%
2018-04-03: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.89	$15.55	$16.15	$15.55	$15.91
Max Pain	$14.00	$14.00	$14.00	$14.00	$14.00
ATM IV	26.8%	18.1%	37.8%	31.6%	28.2%
Expected Move	7.2%	4.5%	9.4%	9.1%	8.1%
HV 20d	12.8%	10.4%	14.2%	12.5%	10.4%
HV 60d	15.7%	15.4%	15.9%	15.5%	15.8%
IV Rank	13.7%	9.0%	19.7%	16.3%	14.5%
IV Percentile	57.3%	18.7%	94.4%	85.7%	69.0%
Term Structure	-3.7%	-9.6%	0.1%	-9.6%	-6.5%
VWIV	46.3%	43.9%	52.3%	43.9%	52.3%
Skew 25d	-0.0%	-18.2%	14.4%	1.4%	-0.1%
Skew 10d	1.5%	-7.6%	13.0%	1.1%	-7.6%
Call IV 25d	26.2%	12.6%	39.1%	39.1%	36.4%
Put IV 25d	26.2%	11.6%	41.6%	40.4%	36.3%
Bid-Ask Spread %	151.84	136.99	178.55	152.39	156.71
Gamma HHI	0.93	0.91	0.96	0.94	0.91
Net GEX	2.9K	2.5K	3.6K	2.5K	2.9K
Net DEX	-29.5K	-35.1K	-20.9K	-27.5K	-30.9K
Net VEX	-257	-281	-223	-260	-253
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.05	0.04	0.06	0.04	0.06
Total Volume	73.762	73	75	73	75
Total OI	73.667	73	75	73	75

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
2018-04-02	$15.55	$0.00	31.6%	9.1%	12.5%	16.3%	0.0%	1.4%	-9.6%	2.5K	-27.5K	-260	0.04	152.39	N/A	N/A	70	3	70	3
2018-04-03	$15.64	$0.00	32.6%	9.4%	12.6%	16.9%	0.0%	2.7%	-9.0%	2.5K	-27.9K	-267	0.04	153.97	N/A	N/A	70	3	70	3
2018-04-04	$15.79	$0.00	30.0%	8.6%	13.1%	15.4%	0.0%	2.5%	-1.6%	2.6K	-27.3K	-259	0.04	156.03	N/A	N/A	70	3	70	3
2018-04-05	$15.98	$0.00	22.1%	4.7%	13.8%	11.2%	0.0%	0.1%	-0.8%	3.6K	-20.9K	-229	0.04	142.43	N/A	N/A	70	3	70	3
2018-04-06	$15.87	$0.00	26.0%	4.5%	13.9%	13.3%	0.0%	2.0%	-0.9%	3.3K	-21.0K	-226	0.04	136.99	N/A	N/A	70	3	70	3
2018-04-09	$15.86	$0.00	36.1%	7.2%	13.7%	18.8%	0.0%	-12.3%	0.1%	2.6K	-31.6K	-277	0.04	152.65	N/A	N/A	70	3	70	3
2018-04-10	$16.01	$0.00	37.8%	7.5%	14.2%	19.7%	0.0%	2.7%	-2.6%	2.7K	-35.1K	-281	0.04	153.11	N/A	N/A	70	3	70	3
2018-04-11	$16.03	$0.00	26.5%	7.6%	13.8%	13.5%	0.0%	11.6%	-2.7%	2.7K	-34.9K	-279	0.04	151.96	N/A	N/A	70	3	70	3
2018-04-12	$16.02	$0.00	23.1%	6.6%	13.8%	11.7%	0.0%	2.4%	-2.5%	3.3K	-31.4K	-269	0.04	151.59	N/A	N/A	70	3	70	3
2018-04-13	$15.96	$0.00	25.8%	7.4%	13.8%	13.2%	0.0%	1.6%	-2.4%	2.7K	-34.2K	-279	0.04	152.58	N/A	N/A	70	3	70	3
2018-04-16	$16.03	$0.00	23.8%	6.8%	13.9%	12.1%	43.9%	2.0%	-2.2%	3.3K	-29.7K	-260	0.04	150.68	N/A	N/A	71	3	70	3
2018-04-17	$16.13	$14.00	24.3%	7.0%	13.1%	12.4%	0.0%	5.1%	-0.8%	3.1K	-35.0K	-271	0.04	152.88	N/A	N/A	71	3	71	3
2018-04-18	$16.15	$14.00	21.7%	6.2%	13.0%	11.0%	44.4%	3.7%	-2.2%	3.6K	-32.4K	-262	0.04	154.13	N/A	N/A	71	3	71	3
2018-04-19	$15.97	$14.00	18.1%	5.2%	13.4%	9.0%	0.0%	-1.0%	-7.5%	3.3K	-26.3K	-244	0.04	178.55	N/A	N/A	71	3	71	3
2018-04-20	$15.86	$14.00	25.2%	7.2%	12.4%	12.9%	43.9%	14.4%	-4.0%	2.8K	-33.0K	-262	0.04	148.04	N/A	N/A	71	3	71	3
2018-04-23	$15.80	$14.00	25.5%	7.3%	11.9%	13.0%	45.4%	-2.2%	-2.8%	2.8K	-29.6K	-251	0.04	142.03	N/A	N/A	71	3	71	3
2018-04-24	$15.70	$14.00	25.2%	7.2%	11.6%	12.8%	47.4%	-5.1%	-7.1%	2.8K	-30.3K	-246	0.06	147.71	N/A	N/A	71	4	71	3
2018-04-25	$15.70	$14.00	25.7%	7.4%	11.5%	13.1%	44.5%	-18.2%	-6.2%	2.9K	-22.1K	-223	0.06	147.86	N/A	N/A	71	4	71	4
2018-04-26	$15.87	$14.00	26.4%	7.6%	12.0%	13.5%	46.6%	-15.3%	-2.9%	2.8K	-29.9K	-252	0.06	150.88	N/A	N/A	71	4	71	4
2018-04-27	$15.92	$14.00	27.1%	7.8%	11.5%	13.9%	48.2%	1.1%	-3.3%	2.8K	-29.5K	-248	0.06	155.58	N/A	N/A	71	4	71	4
2018-04-30	$15.91	$14.00	28.2%	8.1%	10.4%	14.5%	52.3%	-0.1%	-6.5%	2.9K	-30.9K	-253	0.06	156.71	N/A	N/A	71	4	71	4