地缘风险边际减弱，股指震荡收涨

Group 1: Report's Investment Rating - No relevant content found Group 2: Core Viewpoints - Today, all stock indices fluctuated and closed higher. Trump's hint that the Iran war is about to end pushed oil prices sharply down from a historic high, leading to a sharp rebound in Asia - Pacific stock markets on Tuesday. Investors' concerns about long - term tight oil supply, stagflation risks in the global economy, and potential disruptions to central bank monetary easing have eased. However, the future evolution of the US - Iran conflict remains uncertain, but its impact will gradually weaken. Currently, the domestic macro - economy is resilient, with a moderate price level, and the central bank is implementing a moderately loose monetary policy. With clear policy support for aggregate demand and technological innovation, stock indices have strong support. In the short term, stock indices will mainly fluctuate within a range [3] - Since the logic of the medium - to long - term upward trend of stock indices still exists, a bull spread strategy can still be considered for options [3] Group 3: Summary of Relevant Charts 1. Shanghai Stock Exchange 50ETF Options - Figures include the trend of Shanghai Stock Exchange 50ETF, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [14][9][10] 2. Shanghai Stock Exchange 300ETF Options - Figures cover the trend of Shanghai Stock Exchange 300ETF, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [15][18][10] 3. Shenzhen Stock Exchange 300ETF Options - Figures involve the trend of Shenzhen Stock Exchange 300ETF, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [27][29][39] 4. CSI 300 Stock Index Options - Figures consist of the trend of CSI 300 stock index, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [40][42][50] 5. CSI 1000 Stock Index Options - Figures include the trend of CSI 1000 stock index, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [52][55][56] 6. Shanghai Stock Exchange 500ETF Options - Figures cover the trend of Shanghai Stock Exchange 500ETF, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [62][65][73] 7. Shenzhen Stock Exchange 500ETF Options - Figures involve the trend of Shenzhen Stock Exchange 500ETF, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [75][77][82] 8. Shanghai Stock Exchange 50 Stock Index Options - Figures consist of the trend of Shanghai Stock Exchange 50 index, historical volatility, option position PCR, option at - the - money implied volatility, option implied volatility curve, and option at - the - money implied volatility cone [84][86][92]