PID Options History — September 2018

In September 2018, PID traded between $15.61 and $16.04. ATM implied volatility averaged 22.0%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded above realized volatility by 11.3% (HV 20d: 10.7%). Max pain ranged from $17.00 to $17.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 3.43.

Notable Days

2018-09-14: Highest Volume — 97 contracts
2018-09-26: Largest IV spike — 121.2% change
2018-09-06: Highest IV Rank — 18.6%
2018-09-04: Largest Expected Move — 9.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.79	$15.61	$16.04	$15.70	$15.75
Max Pain	$17.00	$17.00	$17.00	$17.00	$17.00
ATM IV	22.0%	11.1%	35.8%	33.6%	30.3%
Expected Move	5.7%	3.2%	9.6%	9.6%	8.7%
HV 20d	10.7%	9.3%	12.6%	12.5%	9.4%
HV 60d	10.6%	9.8%	11.2%	11.2%	9.8%
IV Rank	11.2%	5.3%	18.6%	17.4%	15.6%
IV Percentile	40.8%	4.4%	91.3%	87.3%	74.2%
Term Structure	-0.9%	-8.2%	11.7%	-8.2%	-6.8%
VWIV	21.1%	20.0%	22.2%	22.2%	20.0%
Skew 25d	-0.1%	-6.9%	16.4%	16.4%	-5.4%
Skew 10d	-1.2%	-22.5%	21.1%	2.3%	21.1%
Call IV 25d	16.6%	9.6%	28.9%	22.1%	20.8%
Put IV 25d	16.5%	10.8%	38.5%	38.5%	15.4%
Bid-Ask Spread %	136.26	115.89	154.03	146.46	146.87
Gamma HHI	0.46	0.33	0.85	0.33	0.53
Net GEX	-9.9K	-56.7K	-3.3K	-3.4K	-5.3K
Net DEX	69.3K	44.5K	97.8K	76.5K	58.3K
Net VEX	-279	-388	-206	-388	-236
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.43	0.37	12.00	0.37	12.00
Total Volume	74.474	13	97	96	13
Total OI	171.526	88	202	201	88

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
2018-09-04	$15.70	$17.00	33.6%	9.6%	12.5%	17.4%	22.2%	16.4%	-8.2%	-3.4K	76.5K	-388	0.37	146.46	N/A	N/A	70	26	70	131
2018-09-05	$15.68	$17.00	16.3%	4.7%	12.5%	8.1%	20.0%	5.4%	-2.6%	-9.2K	89.9K	-315	0.37	130.22	N/A	N/A	70	26	70	131
2018-09-06	$15.68	$0.00	35.8%	7.2%	12.5%	18.6%	0.0%	-6.9%	-4.6%	-3.3K	72.3K	-385	0.37	147.17	N/A	N/A	70	26	70	131
2018-09-07	$15.61	$0.00	17.0%	3.6%	12.6%	8.5%	0.0%	4.0%	0.6%	-11.4K	97.8K	-292	0.37	115.89	N/A	N/A	70	26	70	131
2018-09-10	$15.65	$0.00	33.6%	4.5%	11.3%	17.4%	0.0%	2.4%	-1.5%	-8.5K	90.6K	-303	0.37	132.47	N/A	N/A	70	26	70	131
2018-09-11	$15.67	$0.00	20.4%	3.8%	11.3%	10.3%	0.0%	3.6%	1.2%	-13.0K	95.2K	-263	0.37	116.75	N/A	N/A	70	26	70	131
2018-09-12	$15.79	$0.00	12.5%	3.6%	11.4%	6.1%	0.0%	4.3%	2.4%	-12.5K	86.7K	-257	0.37	116.88	N/A	N/A	70	26	70	131
2018-09-13	$15.82	$0.00	25.6%	7.3%	10.3%	13.1%	0.0%	-5.3%	-5.5%	-3.6K	71.1K	-335	0.37	149.90	N/A	N/A	70	26	70	131
2018-09-14	$15.83	$0.00	25.3%	7.3%	10.1%	12.9%	0.0%	-4.3%	-2.4%	-3.6K	68.1K	-333	0.37	143.83	N/A	N/A	71	26	70	131
2018-09-17	$15.86	$0.00	25.8%	7.4%	9.5%	13.2%	0.0%	-5.9%	-2.6%	-3.6K	64.8K	-319	0.37	125.72	N/A	N/A	71	26	71	131
2018-09-18	$15.94	$0.00	26.9%	7.7%	9.6%	13.8%	0.0%	-6.2%	-4.5%	-3.4K	52.1K	-287	0.37	139.95	N/A	N/A	71	26	71	131
2018-09-19	$15.94	$0.00	11.5%	3.3%	9.6%	5.5%	0.0%	1.3%	1.9%	-11.6K	71.6K	-238	0.37	136.22	N/A	N/A	71	26	71	131
2018-09-20	$16.04	$0.00	11.1%	3.2%	9.8%	5.3%	0.0%	1.3%	2.8%	-14.7K	63.7K	-222	0.37	146.62	N/A	N/A	71	26	71	131
2018-09-21	$16.02	$0.00	11.3%	3.2%	9.3%	5.4%	0.0%	2.1%	3.1%	-56.7K	56.2K	-206	0.37	137.94	N/A	N/A	71	26	71	131
2018-09-24	$15.75	$0.00	11.7%	3.4%	11.0%	5.6%	0.0%	1.5%	10.1%	-7.3K	50.0K	-220	12.00	123.32	N/A	N/A	1	12	1	87
2018-09-25	$15.75	$0.00	12.7%	3.6%	10.2%	6.2%	0.0%	3.2%	11.7%	-6.9K	44.5K	-214	12.00	125.01	N/A	N/A	1	12	1	87
2018-09-26	$15.76	$0.00	28.2%	8.1%	10.3%	14.5%	0.0%	-6.4%	-5.9%	-4.4K	53.7K	-246	12.00	154.03	N/A	N/A	1	12	1	87
2018-09-27	$15.82	$0.00	28.8%	8.3%	10.1%	14.8%	0.0%	-6.3%	-6.0%	-4.8K	53.8K	-245	12.00	153.78	N/A	N/A	1	12	1	87
2018-09-28	$15.75	$0.00	30.3%	8.7%	9.4%	15.6%	0.0%	-5.4%	-6.8%	-5.3K	58.3K	-236	12.00	146.87	N/A	N/A	1	12	1	87