华泰期货股指期权日报-20250722

Report Summary 1. Report Industry Investment Rating No information provided on the industry investment rating. 2. Core View The report presents a daily overview of the stock index options market, including option trading volume, PCR (Put - Call Ratio), and VIX (Volatility Index) data for various stock index options on July 21, 2025. 3. Summary by Directory Option Trading Volume - On July 21, 2025, the trading volumes of different stock index options were as follows: 1.1944 million contracts for SSE 50 ETF options, 1.2434 million contracts for CSI 300 ETF options (Shanghai market), 1.4163 million contracts for CSI 500 ETF options (Shanghai market), 0.0876 million contracts for Shenzhen 100 ETF options, 1.5380 million contracts for ChiNext ETF options, 0.0259 million contracts for SSE 50 stock index options, 0.0791 million contracts for CSI 300 stock index options, and 0.1670 million contracts for CSI 1000 options [1][20]. Option PCR - The PCR data of different stock index options on July 21, 2025 showed that the turnover PCR and position PCR of each option had different changes compared with the previous period. For example, the turnover PCR of SSE 50 ETF options was 0.43, with a month - on - month change of - 0.04; the position PCR was 1.12, with a month - on - month change of - 0.01 [2][29]. Option VIX - The VIX data of different stock index options on July 21, 2025 also had different changes compared with the previous period. For example, the VIX of SSE 50 ETF options was 15.72%, with a month - on - month change of + 0.88%; the VIX of CSI 300 ETF options (Shanghai market) was 15.99%, with a month - on - month change of + 0.72% [3][44].