Report Industry Investment Rating - Not provided Core Viewpoints - Not provided Summary by Directory Option Trading Volume - On December 5, 2025, the trading volume of SSE 50 ETF options was 511,600 contracts; CSI 300 ETF options (Shanghai) was 720,100 contracts; CSI 500 ETF options (Shanghai) was 952,800 contracts; Shenzhen 100 ETF options was 94,300 contracts; ChiNext ETF options was 1,861,600 contracts; SSE 50 index options was 34,800 contracts; CSI 300 index options was 83,000 contracts; and CSI 1000 options was 271,200 contracts [1]. - The table shows the call, put, and total trading volumes of various index ETF options on a recent day. For example, SSE 50 ETF options had a call volume of 485,800 contracts, a put volume of 405,400 contracts, and a total volume of 891,200 contracts [18]. Option PCR - The turnover PCR and position PCR, along with their环比 changes, are provided for different options. For instance, SSE 50 ETF options had a turnover PCR of 0.68 (环比 change of -0.15) and a position PCR of 1.07 (环比 change of +0.09) [2][33]. Option VIX - The VIX and its环比 changes are presented for various options. For example, SSE 50 ETF options had a VIX of 13.69% (环比 change of -0.07%) [3][48].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Directory I. Option Trading Volume - On December 4, 2025, the trading volume of SSE 50 ETF options was 551,500 contracts; the trading volume of CSI 300 ETF options (Shanghai market) was 754,800 contracts; the trading volume of CSI 500 ETF options (Shanghai market) was 1,061,000 contracts; the trading volume of Shenzhen 100 ETF options was 70,500 contracts; the trading volume of ChiNext ETF options was 1,604,300 contracts; the trading volume of SSE 50 index options was 20,000 contracts; the trading volume of CSI 300 index options was 89,800 contracts; the total trading volume of CSI 1000 options was 189,900 contracts [1] - The table shows the call volume, put volume, and total volume of various index ETF options on a recent day [18] II. Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.83, with a month - on - month change of - 0.20; the position PCR was reported at 0.98, with a month - on - month change of - 0.01. Similar data are provided for other options such as CSI 300 ETF options (Shanghai market), CSI 500 ETF options (Shanghai market), etc. [2][33] III. Option VIX - The VIX of SSE 50 ETF options was reported at 13.76%, with a month - on - month change of - 0.26%; the VIX of CSI 300 ETF options (Shanghai market) was reported at 15.33%, with a month - on - month change of - 0.12%. Similar data are provided for other options [3][47]

1. Report Industry Investment Rating - No information provided in the content. 2. Core View of the Report - The report presents the trading data of stock index options on December 3, 2025, including option trading volume, PCR (Put - Call Ratio), and VIX (Volatility Index), offering an overview of the stock index option market [1][2][3]. 3. Summary by Relevant Catalogs Option Trading Volume - On December 3, 2025, the trading volumes of various options were as follows: 43.13 million contracts for SSE 50 ETF options, 56.06 million for CSI 300 ETF options (Shanghai market), 77.35 million for CSI 500 ETF options (Shanghai market), 5.68 million for Shenzhen 100 ETF options, 168.90 million for GEM ETF options, 2.51 million for SSE 50 stock index options, 6.03 million for CSI 300 stock index options, and 18.97 million for CSI 1000 options [1]. - The detailed breakdown of call, put, and total trading volumes of each option is also provided in Table 1 [20]. Option PCR - The report shows the PCR data of different options on December 3, 2025. For example, the turnover PCR of SSE 50 ETF options was 1.03 with a +0.16 change compared to the previous period, and the position PCR was 0.98 with a - 0.03 change [2]. - Similar data for other options such as CSI 300 ETF options, CSI 500 ETF options, etc., are also presented, including their turnover and position PCR and corresponding changes [2][36]. Option VIX - The VIX data of various options on December 3, 2025, are reported. For instance, the VIX of SSE 50 ETF options was 14.02% with a +0.02% change compared to the previous period [3]. - The VIX and its changes of other options like CSI 300 ETF options, CSI 500 ETF options are also included in the report [3][53].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoint No core viewpoint is explicitly provided in the given content. The report mainly presents daily data on index option trading, including option volume, PCR, and VIX. 3. Summary by Directory I. Option Volume - On December 2, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 596,600 contracts; that of Shanghai Stock Exchange 300 ETF options was 693,200 contracts; that of Shanghai Stock Exchange 500 ETF options was 872,500 contracts; that of Shenzhen 100 ETF options was 62,700 contracts; that of GEM ETF options was 1,146,500 contracts; that of Shanghai Stock Exchange 50 index options was 16,900 contracts; that of Shanghai Stock Exchange 300 index options was 86,800 contracts; and that of CSI 1000 options was 143,500 contracts [1]. - The table also shows the call volume, put volume, and total volume of various index ETF options on the same day, such as 207,100 call contracts and 224,200 put contracts for Shanghai Stock Exchange 50 ETF options, with a total volume of 431,300 contracts [18]. II. Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.87, with a month - on - month change of +0.16; the position PCR was 1.01, with a month - on - month change of - 0.03. Similar data are provided for other types of options, like the turnover PCR of Shanghai Stock Exchange 300 ETF options (Shanghai) was 0.98, with a month - on - month change of +0.16; the position PCR was 1.12, with a month - on - month change of - 0.05 [2]. - A table summarizes the turnover PCR, month - on - month change, position PCR, and month - on - month change of various index ETF options [32]. III. Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 14.01%, with a month - on - month change of - 0.06%; the VIX of Shanghai Stock Exchange 300 ETF options (Shanghai) was 15.40%, with a month - on - month change of +0.06%. Similar data are presented for other options, such as the VIX of Shenzhen 100 ETF options was 19.91%, with a month - on - month change of - 0.40% [3]. - A table provides the VIX and month - on - month change values of various index ETF options [49].

Report Industry Investment Rating - Not provided in the content Core Viewpoint - The report presents the trading data of various index options on December 1, 2025, including option volume, PCR, and VIX, and their corresponding changes compared to the previous period [1][2][3] Summary by Directory Option Volume - On December 1, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 490,600 contracts; the trading volume of Shanghai Stock Exchange CSI 300 ETF options was 662,500 contracts; the trading volume of Shanghai Stock Exchange CSI 500 ETF options was 1,001,200 contracts; the trading volume of Shenzhen 100 ETF options was 106,000 contracts; the trading volume of ChiNext ETF options was 1,370,500 contracts; the trading volume of Shanghai Stock Exchange 50 index options was 28,300 contracts; the trading volume of CSI 300 index options was 73,800 contracts; and the total trading volume of CSI 1000 options was 169,000 contracts [1] Option PCR - The trading volume PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.71, with a month - on - month change of - 0.21; the open interest PCR was reported at 1.05, with a month - on - month change of + 0.05. Similar data was presented for other types of options, showing different PCR values and their month - on - month changes [2] Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 14.07%, with a month - on - month change of - 0.29%. Other types of options also had their respective VIX values and month - on - month changes, such as the VIX of Shanghai Stock Exchange CSI 300 ETF options being 15.34% with a - 0.02% change [3]

Report Summary 1. Investment Rating No investment rating information is provided in the report. 2. Core View The report presents a daily overview of the stock index options market, including option trading volume, PCR (Put-Call Ratio), and VIX (Volatility Index) data for various stock index options on November 28, 2025, enabling investors to understand the market's trading activity, sentiment, and volatility. 3. Summary by Directory Option Trading Volume - On November 28, 2025, the trading volumes of different stock index options were as follows: Shanghai - Shenzhen 300 ETF options (Shanghai market) reached 823,000 contracts; CSI 500 ETF options (Shanghai market) were 1,014,700 contracts; Shenzhen 100 ETF options were 61,800 contracts; ChiNext ETF options were 1,520,100 contracts; SSE 50 Index options were 18,700 contracts; Shanghai - Shenzhen 300 Index options were 90,500 contracts; and CSI 1000 options totaled 173,500 contracts [1]. - The detailed breakdown of call, put, and total trading volumes for each option type is presented in Table 1. For example, the total trading volume of SSE 50 ETF options was 490,600 contracts, with 242,600 call contracts and 248,000 put contracts [20]. Option PCR - The PCR data for different stock index options on November 28, 2025, are as follows: The SSE 50 ETF option's turnover PCR was 0.92, with a +0.11 change compared to the previous period, and the position PCR was 0.99, with a - 0.01 change. The Shanghai - Shenzhen 300 ETF option (Shanghai market)'s turnover PCR was 1.11, with a +0.16 change, and the position PCR was 1.10, with a +0.01 change. Other option types also have corresponding PCR and change data [2][37]. Option VIX - The VIX data for different stock index options on November 28, 2025, are as follows: The SSE 50 ETF option's VIX was 14.36%, with a - 0.32% change compared to the previous period; the Shanghai - Shenzhen 300 ETF option (Shanghai market)'s VIX was 15.36%, with a - 0.29% change. Other option types also have corresponding VIX and change data [3][52].

Report Industry Investment Rating - No relevant content provided. Core Viewpoints - The report provides a daily overview of the index option market, including option trading volume, PCR, and VIX data for various index options on November 27, 2025 [1][2][3]. Summary by Directory Option Trading Volume - On November 27, 2025, the trading volumes of various index options were as follows: Shanghai - Shenzhen 300 ETF options (Shanghai market) had 104.87 million contracts; CSI 500 ETF options (Shanghai market) had 123.69 million contracts; Shenzhen 100 ETF options had 8.37 million contracts; ChiNext ETF options had 198.59 million contracts; SSE 50 index options had 2.17 million contracts; Shanghai - Shenzhen 300 index options had 8.20 million contracts; and CSI 1000 options had 18.41 million contracts [1]. - A table also shows the call, put, and total trading volumes of different index ETF options on the same day [18]. Option PCR - The PCR data of different index options on November 27, 2025, is presented. For example, the SSE 50 ETF option's turnover PCR was 0.81 with a - 0.07 change compared to the previous period, and the position PCR was 1.00 with a + 0.16 change [2][33]. Option VIX - The VIX data of various index options on November 27, 2025, is provided. For instance, the SSE 50 ETF option's VIX was 14.68% with a - 0.74% change compared to the previous period [3][48].

Report Industry Investment Rating No relevant information provided. Core Viewpoints No explicit core viewpoints are presented in the given content. Summary by Relevant Catalogs Option Trading Volume - On November 26, 2025, the trading volume of SSE 50 ETF options was 928,000 contracts; CSI 300 ETF options (Shanghai) was 1,367,900 contracts; CSI 500 ETF options (Shanghai) was 1,800,800 contracts; Shenzhen 100 ETF options was 123,300 contracts; ChiNext ETF options was 2,904,100 contracts; SSE 50 index options was 16,300 contracts; CSI 300 index options was 99,700 contracts; and CSI 1000 options was 171,100 contracts [1]. - The table shows the call, put, and total trading volumes of various index ETF options on the same day, such as 364,400 call and 327,700 put contracts for SSE 50 ETF options, with a total of 692,100 contracts [20]. Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.88, with a month - on - month change of - 0.12; the position PCR was 0.84, with a month - on - month change of + 0.03. Similar data are provided for other types of options [2]. - The table details the turnover PCR, its month - on - month change, position PCR, and its month - on - month change for different index ETF options [34]. Option VIX - The VIX of SSE 50 ETF options was reported at 15.43%, with a month - on - month change of - 0.70%. Other options also have corresponding VIX values and month - on - month changes [3]. - The table lists the VIX and its month - on - month change values for various index ETF options [47].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report presents a daily overview of the stock index options market, including option trading volume, PCR (Put-Call Ratio), and VIX (Volatility Index), providing data on various types of stock index options. 3. Summary by Related Catalogs Option Trading Volume - On November 25, 2025, the trading volumes of different stock index options were as follows: Shanghai Stock Exchange 50 ETF option was 1012700 contracts; CSI 300 ETF option (Shanghai market) was 1325100 contracts; CSI 500 ETF option (Shanghai market) was 1723500 contracts; Shenzhen 100 ETF option was 202000 contracts; ChiNext ETF option was 2947000 contracts; Shanghai Stock Exchange 50 stock index option was 23700 contracts; CSI 300 stock index option was 96100 contracts; and CSI 1000 option was 227100 contracts [1]. - The detailed trading volumes of call and put options and total trading volumes of different stock index options are shown in Table 1. For example, the call trading volume of Shanghai Stock Exchange 50 ETF option was 493100 contracts, the put trading volume was 434800 contracts, and the total trading volume was 928000 contracts [20]. Option PCR - The PCR data of different stock index options are as follows: The turnover PCR of Shanghai Stock Exchange 50 ETF option was reported at 1.00, with a month-on-month change of -0.33; the position PCR was reported at 0.80, with a month-on-month change of +0.04. Similar data are provided for other options [2][34]. Option VIX - The VIX data of different stock index options are as follows: The VIX of Shanghai Stock Exchange 50 ETF option was reported at 16.13%, with a month-on-month change of -0.54%. Similar data are provided for other options [3][49].

Report Summary 1. Report Industry Investment Rating No information provided in the report. 2. Core View of the Report ETF options are approaching expiration, and the implied volatility of near - month contracts is rising [2]. 3. Summary by Related Catalogs 3.1 Market Data Statistics - **Underlying Market Statistics**: The closing prices of the Shanghai Composite 50 Index, CSI 300 Index, and CSI 1000 Index increased by 17.64, 42.36, and 93.54 respectively. The trading volumes of the Shanghai Composite 50 Index and CSI 300 Index decreased by 8.40 billion and 16.26 billion hands, while that of the CSI 1000 Index increased by 4.77 billion hands. For ETFs, the trading volume of some decreased, while others increased [3]. - **Option Market Statistics**: The trading volumes of some option contracts decreased, such as the Shanghai Composite 50 Index Option and Shanghai Composite 50 ETF Option, while others increased, like the CSI 1000 Index Option and Southern CSI 500 ETF Option. The open - interest also showed different trends of increase or decrease [3]. - **Option Volatility Statistics**: In the near - month contracts, the ATM - IV of most option contracts decreased, except for the Southern CSI 500 ETF Option and Huaxia Science and Technology Innovation 50 ETF Option which increased. The same - term HV of some contracts increased, and the Skew also had different changes [6]. 3.2 Option Index Data Statistics - **PCR and Maximum Positions**: The VL - PCR and OI - PCR of different option contracts varied. For example, the VL - PCR of the Shanghai Composite 50 Index Option was 54.85%, and the OI - PCR was 69.94%. The maximum positions of call and put options in the near - month contracts also differed for each option [3]. 3.3 Option Charts - For each type of option (e.g., Shanghai Composite 50 Index Option, CSI 300 Index Option), there are charts showing the full - contract PCR, the main - contract skewness trend, the volatility cone, and the volatility term structure, which visually present the historical and current option data [10][14][24]