股票股指期权：隐波持续回落，可考虑备兑策略

Report Industry Investment Rating - Not provided in the content Core Viewpoint - With the continuous decline of implied volatility in stock index options, investors can consider the covered call strategy [1] Summary by Related Catalogs Market Data Statistics - Underlying Market: The closing prices of the Shanghai Stock Exchange 50 Index, CSI 300 Index, and CSI 1000 Index were 2993.68, 4576.49, and 7386.68 respectively, with increases of 24.06, 49.82, and 52.47. The trading volumes were 46.52 billion, 200.38 billion, and 234.41 billion shares respectively, with changes of 9.25 billion, 57.48 billion, and 33.73 billion shares. The synthetic futures prices and basis for the current and next months are also provided [1] - Option Market: The trading volumes of Shanghai Stock Exchange 50 Index Options, CSI 300 Index Options, and CSI 1000 Index Options were 28345, 86757, and 169033 respectively, with changes of 9677, 12980, and -4500. The open interests were 65173, 172339, and 301690 respectively, with changes of 2743, 723, and 4331. The VL - PCR and OI - PCR values are also presented [1] Volatility Statistics - Near - Month: The ATM - IV of Shanghai Stock Exchange 50 Index Options was 10.97%, with a change of - 1.04%. The same - term HV was 12.03%, with a change of 0.54%. Similar data for other options are also provided [4] - Next - Month: The ATM - IV of Shanghai Stock Exchange 50 Index Options was 12.58%, with a change of - 0.66%. The same - term HV was 11.82%, with a change of 0.10%. Similar data for other options are also given [4] Option Types - Shanghai Stock Exchange 50 Index Options: Figures for full - contract PCR, main - contract skewness, volatility cone, and volatility term structure are presented [7][8] - CSI 300 Index Options: Similar figures for full - contract PCR, main - contract skewness, volatility cone, and volatility term structure are provided [11][12] - CSI 1000 Index Options: Figures for relevant indicators are also shown [15][16] - Shanghai Stock Exchange 50ETF Options: Figures for full - contract PCR, main - contract skewness, volatility cone, and volatility term structure are included [24][25] - Huatai Berui 300ETF Options: Similar figures for relevant indicators are presented [28][29] - Southern China Securities 500ETF Options: Figures for relevant indicators are provided [35][36] - Huaxia Science and Technology Innovation 50ETF Options: Figures for relevant indicators are shown [43][44] - E Fund Science and Technology Innovation 50ETF Options: Figures for relevant indicators are presented [51][52] - Harvest 300ETF Options: Figures for relevant indicators are provided [62][63] - Harvest China Securities 500ETF Options: Figures for relevant indicators are shown [68][69] - Growth Enterprise Market ETF Options: Figures for relevant indicators are presented [72][73] - Shenzhen Stock Exchange 100ETF Options: Figures for relevant indicators are provided [76][77]