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隐波上升，情绪持续升温
Nan Hua Qi Huo·2025-08-25 06:43

Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The implied volatility of financial options has risen, and market sentiment has continued to heat up. The trading volume of 50ETF options has increased significantly compared to the previous week, and the put - call trading ratio has decreased, while the put - call holding ratio has increased [1][2]. 3. Summary by Relevant Catalog 3.1 Financial Option Data - 50ETF options had an average daily trading volume of 1.9067 million contracts this week, a 20.55% increase from the previous week. The put - call trading ratio was 0.64, lower than the historical average, and the put - call holding ratio last week was 1.19, higher than the historical average [1][4]. - Huatai - Baorui 300ETF options had an average daily trading volume of 1.8624 million contracts and an average daily holding volume of 1.5178 million contracts [1][4]. - Southern China Securities 500ETF options had an average daily trading volume of 2.3846 million contracts and an average daily holding volume of 1.5008 million contracts [1][4]. - Huaxia Shanghai - Stock Exchange Science and Technology Innovation 50ETF options had an average daily trading volume of 2.1747 million contracts and an average daily holding volume of 2.0811 million contracts [1][4]. - Shenzhen 100ETF options had an average daily trading volume of 189,900 contracts and an average daily holding volume of 164,000 contracts [1][4]. - GEM ETF options had an average daily trading volume of 2.9074 million contracts and an average daily holding volume of 1.9249 million contracts [1][4]. - CSI 300 index options had an average daily trading volume of 134,600 lots and an average daily holding volume of 162,000 lots [1][4]. - CSI 1000 index options had an average daily trading volume of 317,000 lots and an average daily holding volume of 253,000 lots [1][4]. 3.2 Volatility - As of the close on Friday, the implied volatility of CSI 300 index options was 19.30%, a 1.29% increase from a week ago [2][5]. - The implied volatility of 50ETF options was 19.78%, a 3.60% increase from a week ago [2][5]. - The implied volatility of CSI 1000 index options was 26.01%, a 4.72% increase from a week ago [2][5].