股指支撑力量较强

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - Today, all stock indices fluctuated within a narrow range. Although the uncertainty of overseas tariffs has increased, its marginal impact is gradually weakening. Domestic macro - economic indicators have weakened marginally, leading to an increased expectation of policy - side benefits in the market. With the rising expectation of policy benefits, the market sentiment is positive and optimistic, and the short - term downside risk of stock indices is small. However, overseas uncertainties and weak domestic demand suppress the upward momentum of stock indices from the aspects of risk preference and profit expectation respectively, making it easy for the upward movement of stock indices to encounter resistance. The policy guidance of the Lujiazui Forum on June 18 and its game with market expectations can be regarded as a turning point in the market. In general, the upward and downward spaces of current stock indices are both limited, and it is expected that stock indices will maintain a range - bound oscillation in the short term. [4] - Currently, the implied volatility of options is at a relatively low historical quantile level. Considering the strong support of stock indices, bull spread or ratio spread long positions can be arranged. [4] 3. Summary by Related Catalogs 3.1 Option Indicators - On June 6, 2025, 50ETF rose 0.07% to close at 2.756; 300ETF (SSE) rose 0.05% to close at 3.986; 300ETF (SZSE) rose 0.07% to close at 4.021; the CSI 300 Index fell 0.09% to close at 3873.98; the CSI 1000 Index fell 0.23% to close at 6152.84; 500ETF (SSE) rose 0.02% to close at 5.785; 500ETF (SZSE) fell 0.04% to close at 2.309; the ChiNext ETF fell 0.30% to close at 2.017; the Shenzhen 100ETF fell 0.11% to close at 2.673; the SSE 50 Index fell 0.12% to close at 2688.85; the STAR 50ETF fell 0.38% to close at 1.05; the E Fund STAR 50ETF fell 0.39% to close at 1.02. [6] - The trading volume PCR and position PCR of various options on June 6, 2025, and their comparison with the previous trading day are provided in detail, such as the trading volume PCR of SSE 50ETF options being 84.80 (previous trading day: 83.04), and the position PCR being 94.15 (previous trading day: 94.86). [7] - The implied volatility of at - the - money options in June 2025 and the 30 - trading - day historical volatility of the underlying assets for various options are presented, for example, the implied volatility of at - the - money SSE 50ETF options in June 2025 is 12.32%, and the 30 - trading - day historical volatility of the underlying asset is 8.37%. [8] 3.2 Related Charts - SSE 50ETF Options: Include charts of SSE 50ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [10][11][12] - SSE 300ETF Options: Comprise charts of SSE 300ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [20][21] - SZSE 300ETF Options: Contain charts of SZSE 300ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [23][24] - CSI 300 Index Options: Include charts of CSI 300 index trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [36][37] - CSI 1000 Index Options: Comprise charts of CSI 1000 index trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [49][50] - SSE 500ETF Options: Contain charts of SSE 500ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [62][63] - SZSE 500ETF Options: Include charts of SZSE 500ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [74][75] - ChiNext ETF Options: Comprise charts of ChiNext ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [86][87] - Shenzhen 100ETF Options: Contain charts of Shenzhen 100ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [99][100] - SSE 50 Index Options: Include charts of SSE 50 index trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [112][113] - STAR 50ETF Options: Comprise charts of STAR 50ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [124][125] - E Fund STAR 50ETF Options: Contain charts of E Fund STAR 50ETF trends, option volatility, trading volume PCR, position PCR, implied volatility curves, and at - the - money implied volatility of various tenors. [129][130]