油脂期权早报-20260330

Report Industry Investment Rating - Not available Core Viewpoints - The report provides comprehensive analysis and strategy suggestions for four types of oil options, including rapeseed oil, palm oil, peanut oil, and soybean oil options, covering market data, option factors, and market sentiment analysis [7][19][31][43] Summary by Related Catalogs Rapeseed Oil Options (OI) - Market Data: OI605 contract closed at 9840 yuan yesterday, up 80 yuan (0.81%) from the previous day, with a trading volume of 161,645 lots (down 34,893 lots) and an open interest of 218,416 lots (up 1535 lots) [7] - Option Factors - Volume and Open Interest PCR: Call option volume was 10,192 (up 832), open interest was 20,283 (up 275); put option volume was 6,763 (down 2,295), open interest was 19,225 (up 34). Volume PCR was 0.66 (down 0.3), open - interest PCR was 0.95 (down 0.01) [5] - Option Factors - Pressure and Support: The at - the - money strike price was 9900, resistance was 11200, support was 9200, weighted implied volatility was 28.68% (up 2.91%), and the annual average implied volatility was 18.73% [6] - Strategy Suggestions: Directional strategy - construct a condor spread portfolio; volatility strategy - do not recommend seller - based strategies [8] Palm Oil Options (P) - Market Data: P2605 contract closed at 9614 yuan yesterday, up 56 yuan (0.58%) from the previous day, with a trading volume of 321,996 lots (down 49,396 lots) and an open interest of 279,944 lots (down 5170 lots) [19] - Option Factors - Volume and Open Interest PCR: Call option volume was 79,968 (up 22,694), open interest was 82,976 (up 4587); put option volume was 32,289 (up 6150), open interest was 78,882 (up 3309). Volume PCR was 0.4 (down 0.05), open - interest PCR was 0.95 (down 0.01) [17] - Option Factors - Pressure and Support: The at - the - money strike price was 9800, resistance was 10000, support was 9000, weighted implied volatility was 34.92% [18] - Strategy Suggestions: Directional strategy - construct a bull call spread portfolio; volatility strategy - do not recommend seller - based strategies [20] Peanut Oil Options (PK) - Market Data: PK605 contract closed at 8258 yuan yesterday, up 68 yuan (0.83%) from the previous day, with a trading volume of 120,074 lots (up 69,834 lots) and an open interest of 188,494 lots (up 2905 lots) [31] - Option Factors - Volume and Open Interest PCR: Call option volume was 64,702 (down 17,813), open interest was 70,592 (down 191); put option volume was 28,901 (up 770), open interest was 35,535 (down 992). Volume PCR was 0.45 (up 0.11), open - interest PCR was 0.5 (down 0.01) [29] - Option Factors - Pressure and Support: The at - the - money strike price was 8100, resistance was 8500, support was 7900, weighted implied volatility was 15.52% [30] - Strategy Suggestions: Directional strategy - construct a bull call spread portfolio; volatility strategy - none [32] Soybean Oil Options (Y) - Market Data: Y2605 contract closed at 8646 yuan yesterday, up 90 yuan (1.05%) from the previous day, with a trading volume of 185,973 lots (down 24,867 lots) and an open interest of 545,392 lots (down 9356 lots) [43] - Option Factors - Volume and Open Interest PCR: Call option volume was 39,131 (up 7868), open interest was 80,897 (up 1906); put option volume was 15,091 (up 4363), open interest was 103. Volume PCR was 0.39 (up 0.04), open - interest PCR was 0.66 (down 0.01) [41] - Option Factors - Pressure and Support: The at - the - money strike price was 8700, resistance was 9000, support was 8200, weighted implied volatility was 17.19% [42] - Strategy Suggestions: Directional strategy - construct a bull call spread portfolio; volatility strategy - do not recommend seller - based strategies [44]