Report Summary 1. Investment Rating No investment rating for the industry is provided in the report. 2. Core View The market has undergone a significant adjustment, and the implied volatility of financial options has decreased. The trading volume of 50ETF options has declined compared to the previous week, with the trading volume of put options lower than that of call options. The put - call trading ratio has increased compared to the previous week but is below the historical average, while the put - call holding ratio has decreased compared to the previous week but is above the historical average [1][2]. 3. Section Summaries 3.1 Financial Option Data - Trading Volume and Holdings: The average daily trading volume of 50ETF options this week was 1.4576 million contracts, a decrease of 18.99% compared to the previous week. The put - call trading ratio was 0.8, which increased compared to the previous week and was below the historical average. The put - call holding ratio last week was 0.85, which decreased compared to the previous week and was above the historical average. The average daily trading volume of Huatai Bairui 300ETF options was 1.5743 million contracts, and the average daily holdings were 1.4231 million contracts; the average daily trading volume of Southern China Securities 500ETF options was 2.1945 million contracts, and the average daily holdings were 1.4044 million contracts; the average daily trading volume of Huaxia Shanghai Stock Exchange Science and Technology Innovation 50ETF options was 2.1735 million contracts, and the average daily holdings were 2.1941 million contracts; the average daily trading volume of Shenzhen 100ETF options was 0.2263 million contracts, and the average daily holdings were 0.1551 million contracts; the average daily trading volume of GEM ETF options was 2.8928 million contracts, and the average daily holdings were 1.6524 million contracts; the average daily trading volume of CSI 300 index options was 0.1834 million lots, and the average daily holdings were 0.2248 million lots; the average daily trading volume of CSI 1000 index options was 0.3718 million lots, and the average daily holdings were 0.3404 million lots [1][4]. - Implied Volatility: As of the close on Friday, the implied volatility of CSI 300 index options was 20.54%, a decrease of 3.19% compared to a week ago. The implied volatility of 50ETF options was 18.48%, a decrease of 3.81% compared to a week ago. The implied volatility of CSI 1000 index options was 25.51%, a decrease of 0.98% compared to a week ago [2][4].
隐波下降,市场深度调整