贵金属期权早报-20260324

Report Industry Investment Rating - Not provided in the content Core Viewpoints - For silver options, the ag2606 contract closed at 15,411 yuan yesterday, down 2037 yuan or 11.67% from the previous day. The implied volatility of AG (silver options) fluctuates above the mean of 0.4663. The AG option's open interest PCR is at 0.6943, at the 0.00% level in the past year. The pressure level is 37,600 and the support level is 10,000. It is recommended to construct a bearish option bear spread combination strategy for directional gain [6][7]. - For gold options, the au2604 contract closed at 940 yuan yesterday, down 88.66 yuan or 8.61% from the previous day. The implied volatility of AU (gold options) fluctuates above the mean of 0.2711. The AU option's open interest PCR is at 0.5371, at the 0.82% level in the past year. The pressure level is 1200 and the support level is 904. It is also recommended to construct a bearish option bear spread combination strategy for directional gain [18][19]. Summary by Relevant Catalogs 1. Silver Options 1.1.标的期货市场数据 - The ag2606 contract closed at 15,411 yuan yesterday, down 2037 yuan or 11.67% from the previous day. The trading volume was 1,259,320 lots, an increase of 125,087 lots from the previous day. The open interest was 222,721 lots, an increase of 3,575 lots from the previous day [6]. 1.2. 期权因子 - 量仓PCR - For AG (silver call options), the trading volume was 409,140, with a change of ୧୦୮୧୧. The open interest was 171,172, an increase of 15,920. The trading volume PCR was 1.41, a decrease of 0.08. The open interest PCR was 0.69, a decrease of 0.09. For AG (silver put options), the trading volume was 576,453, an increase of 56,727. The open interest was 118,846, a decrease of 2,874 [4]. 1.3. 期权因子 - 压力支撑 - For AG (silver options) with the ag2604 contract, the at - the - money strike price was 15,500, the pressure level was 37,600, the support level was 10,000, the weighted implied volatility was 138.46%, with a change of 34.02%, the annual average implied volatility was 46.63%, and HISV20 was 81.67% [5]. 1.4. 行情解读与策略建议 - The implied volatility of AG (silver options) fluctuates above the mean of 0.4663. The AG option's open interest PCR is at 0.6943, at the 0.00% level in the past year. From the option perspective, the pressure level is 37,600 and the support level is 10,000. It is recommended to construct a bearish option bear spread combination strategy for directional gain, and there is no volatility strategy [7]. 2. Gold Options 2.1. 标的期货市场数据 - The au2604 contract closed at 940 yuan yesterday, down 88.66 yuan or 8.61% from the previous day. The trading volume was 386,422 lots, an increase of 43,191 lots from the previous day. The open interest was 62,764 lots, a decrease of 6,229 lots from the previous day [18]. 2.2. 期权因子 - 量仓PCR - For AU (gold call options), the trading volume was 172,093, an increase of 42,995. The open interest was 79,395, an increase of 8,686. The trading volume PCR was 1.17, an increase of 0.16. The open interest PCR was 0.54, a decrease of 0.08. For AU (gold put options), the trading volume was 201,838, an increase of 71,056. The open interest was 42,643, a decrease of 932 [16]. 2.3. 期权因子 - 压力支撑 - For AU (gold options) with the au2604 contract, the pressure level and other relevant data are presented in the table, with the pressure level being 1200 and the support level being 904 [17][18]. 2.4. 行情解读与策略建议 - The implied volatility of AU (gold options) fluctuates above the mean of 0.2711. The AU option's open interest PCR is at 0.5371, at the 0.82% level in the past year. From the option perspective, the pressure level is 1200 and the support level is 904. It is recommended to construct a bearish option bear spread combination strategy for directional gain, and there is no volatility strategy [18][19].