聚酯期权早报-20260312
Wu Kuang Qi Huo·2026-03-12 05:34
  1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - For all the analyzed options (EG, PF, PR, PX, TA), it is recommended to construct a bull spread combination strategy of call options for directional trading to obtain directional returns, and due to large geopolitical risks, strategies mainly based on sellers (such as single - selling and double - selling) are not recommended [7][19][31][43][56] 3. Summary by Related Catalogs 3.1 EG (Ethylene Glycol) 3.1.1标的期货市场数据 - The closing price of the eg2605 contract yesterday was 4577 yuan, up 201 yuan or 4.59% from the previous day. The trading volume was 939,371 lots, a decrease of 146,022 lots from the previous day, and the open interest was 334,653 lots, an increase of 28,121 lots from the previous day [3][6] 3.1.2 期权因子 - 量仓PCR - The trading volume of EG call options was 106,627, with a change of 7,351; the open interest was 65,646, with a change of 960. The trading volume PCR was 0.54, a decrease of 0.26, and the open interest PCR was 1.03, an increase of 0.04. The trading volume of EG put options was 57,711, a decrease of 21,694; the open interest was 67,291, an increase of 3,340 [4] 3.1.3 期权因子 - 压力支撑 - The pressure level of the EG option underlying was 5,000, and the support level was 3,800 [6] 3.1.4 行情解读与策略建议 - The implied volatility of EG options fluctuated above the mean of 0.0000. The open interest PCR of EG options was reported at 1.0251, at the 89.39% level in the past year. Directional strategy: construct a bull spread combination strategy of call options. Volatility strategy: due to large geopolitical risks, strategies mainly based on sellers are not recommended [6][7] 3.2 PF (Short - Fiber) 3.2.1 标的期货市场数据 - The closing price of the PF604 contract yesterday was 8,130 yuan, up 62 yuan or 0.76% from the previous day. The trading volume was 157,572 lots, a decrease of 73,425 lots from the previous day, and the open interest decreased by 7,846 lots from the previous day [15][18] 3.2.2 期权因子 - 量仓PCR - The trading volume of PF call options was 15,733, with a change of 5,631; the open interest was 10,545, a decrease of 5,712. The trading volume PCR was 0.88, a decrease of 1.19, and the open interest PCR was 1.45, a decrease of 0.37. The trading volume of PF put options was 13,781, a decrease of 7,044; the open interest was 15,282, a decrease of 14,259 [16] 3.2.3 期权因子 - 压力支撑 - The pressure level of the PF option underlying was 8,400, and the support level was 6,100 [17][18] 3.2.4 行情解读与策略建议 - The implied volatility of PF options fluctuated above the mean of 0.0000. The open interest PCR of PF options was reported at 1.4492, at the 94.29% level in the past year. Directional strategy: construct a bull spread combination strategy of call options. Volatility strategy: due to large geopolitical risks, strategies mainly based on sellers are not recommended [18][19] 3.3 PR (Bottle Chip) 3.3.1 标的期货市场数据 - The closing price of the PR605 contract yesterday was 7,836 yuan, up 512 yuan or 6.99% from the previous day. The trading volume was 110,145 lots, an increase of 4,148 lots from the previous day, and the open interest was 43,193 lots, an increase of 1,073 lots from the previous day [27][30] 3.3.2 期权因子 - 量仓PCR - The trading volume of PR call options was 6,897, with a change of 5,154; the open interest was 3,050, a decrease of 3,734. The trading volume PCR was 0.44, a decrease of 0.88, and the open interest PCR was 1.02, a decrease of 0.07. The trading volume of PR put options was 3,015, an increase of 722; the open interest was 3,101, a decrease of 4,289 [28] 3.3.3 期权因子 - 压力支撑 - The pressure level of the PR option underlying was 7,000, and the support level was 5,900 [29][30] 3.3.4 行情解读与策略建议 - The implied volatility of PR options fluctuated above the mean of 0.0000. The open interest PCR of PR options was reported at 1.0167, at the 53.88% level in the past year. Directional strategy: construct a bull spread combination strategy of call options. Volatility strategy: due to large geopolitical risks, strategies mainly based on sellers are not recommended [30][31] 3.4 PX (Para - Xylene) 3.4.1 标的期货市场数据 - The closing price of the PX605 contract yesterday was 9,532 yuan, up 474 yuan or 5.23% from the previous day. The trading volume was 685,213 lots, a decrease of 116,698 lots from the previous day, and the open interest was 233,296 lots, an increase of 12,656 lots from the previous day [39][42] 3.4.2 期权因子 - 量仓PCR - The trading volume of PX call options was 38,115, with a change of 2,077; the open interest was 31,316, an increase of 3,297. The trading volume PCR was 0.72, a decrease of 0.16, and the open interest PCR was 1.06, a decrease of 0.02. The trading volume of PX put options was 27,371, an increase of 7,937; the open interest was 33,075, an increase of 2,817 [40] 3.4.3 期权因子 - 压力支撑 - The pressure level of the PX option underlying was 10,400, and the support level was 7,000 [41][42] 3.4.4 行情解读与策略建议 - The implied volatility of PX options fluctuated above the mean of 0.0000. The open interest PCR of PX options was reported at 1.0562, at the 70.61% level in the past year. Directional strategy: construct a bull spread combination strategy of call options. Volatility strategy: due to large geopolitical risks, strategies mainly based on sellers are not recommended [42][43] 3.5 TA (Purified Terephthalic Acid) 3.5.1 标的期货市场数据 - The closing price of the TA605 contract yesterday was 6,660 yuan, up 282 yuan or 4.42% from the previous day. The trading volume was 2,835,760 lots, a decrease of 666,455 lots from the previous day, and the open interest was 1,229,940 lots, an increase of 76,850 lots from the previous day [52][55] 3.5.2 期权因子 - 量仓PCR - The trading volume of TA call options was 1,312,230, with a change of 597,193; the open interest was 146,137, a decrease of 81,374. The trading volume PCR was 0.89, a decrease of 0.14, and the open interest PCR was 1.12, a decrease of 0.19. The trading volume of TA put options was 1,169,930, an increase of 429,248; the open interest was 163,412, an increase of 133,307 [53] 3.5.3 期权因子 - 压力支撑 - The pressure level of the TA option underlying was 6,500, and the support level was 5,000 [54][55] 3.5.4 行情解读与策略建议 - The implied volatility of TA options fluctuated above the mean of 0.0000. The open interest PCR of TA options was reported at 1.1182, at the 88.57% level in the past year. Directional strategy: construct a bull spread combination strategy of call options. Volatility strategy: due to large geopolitical risks, strategies mainly based on sellers are not recommended [55][56]
聚酯期权早报-20260312 - Reportify