Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View The report presents a daily overview of the stock index options market, including option trading volume, PCR, and VIX data for various stock index options on October 16, 2025. 3. Summary by Directory I. Option Trading Volume - On October 16, 2025, the trading volumes of various stock index options were as follows: Shanghai - Shenzhen 300 ETF options (Shanghai) had 206.93 million contracts; CSI 500 ETF options (Shanghai) had 239.22 million contracts; ChiNext ETF options had 218.91 million contracts; Shanghai - Shenzhen 300 stock index options had 18.88 million contracts; CSI 1000 options had 36.24 million contracts; SSE 50 ETF options had 156.74 million contracts; SSE 50 stock index options had 10.48 million contracts; and Shenzhen 100 ETF options had 19.24 million contracts [1]. - The table also shows the call, put, and total trading volumes for each option type, such as 81.65 million call and 77.50 million put contracts for SSE 50 ETF options, with a total of 159.15 million contracts [19]. II. Option PCR - The PCR data for different options on October 16, 2025, showed that the turnover PCR of SSE 50 ETF options was 0.48, with a - 0.27 change compared to the previous period, and the position PCR was 0.87, with a + 0.14 change [2]. - For example, the turnover PCR of Shanghai - Shenzhen 300 ETF options (Shanghai) was 0.60, with a - 0.51 change, and the position PCR was 1.04, with a + 0.12 change [2]. III. Option VIX - The VIX data of different options on October 16, 2025, indicated that the VIX of SSE 50 ETF options was 18.13%, with a - 1.70% change compared to the previous period [3]. - For instance, the VIX of Shanghai - Shenzhen 300 ETF options (Shanghai) was 19.28%, with a - 1.65% change [3].

Report Date - The report is dated October 16, 2025 [1] Core Viewpoint - As stock index options approach expiration, the trading volume ratio of put options has decreased [2] Market Data Statistics Underlying Market Statistics - The closing price of the SSE 50 Index was 3019.20, up 17.85, with a trading volume of 6.341 billion hands, an increase of 0.03 billion hands. The synthetic futures for the current month and next month were 3020.40 and 3021.33 respectively, with basis points of 1.20 and 2.14 [3] - The CSI 300 Index closed at 4618.42, up 12.13, with a trading volume of 24.824 billion hands, a decrease of 3.654 billion hands. The synthetic futures for the current month and next month were 4616.07 and 4604.13 respectively, with basis points of -2.36 and -14.29 [3] - The CSI 1000 Index closed at 7401.84, down 81.61, with a trading volume of 23.464 billion hands, a decrease of 1.021 billion hands. The synthetic futures for the current month and next month were 7400.73 and 7295.07 respectively, with basis points of -1.10 and -106.77 [3] Options Market Statistics - The trading volume of SSE 50 Index options was 72,709, an increase of 17,701, with an open interest of 78,533, an increase of 858. The VL - PCR was 58.30%, and the OI - PCR was 82.83%. The maximum call and put open interests in the near - month were at strike prices of 3050 and 2900 respectively [3] - The trading volume of CSI 300 Index options was 203,367, an increase of 14,560, with an open interest of 200,887, a decrease of 259. The VL - PCR was 73.39%, and the OI - PCR was 97.07%. The maximum call and put open interests in the near - month were at strike prices of 4700 and 4500 respectively [3] - The trading volume of CSI 1000 Index options was 362,400, a decrease of 58,777, with an open interest of 302,815, an increase of 5121. The VL - PCR was 98.62%, and the OI - PCR was 96.70%. The maximum call and put open interests in the near - month were at strike prices of 7500 and 7200 respectively [3] Options Volatility Statistics Near - Month - The ATM - IV of SSE 50 Index options was 14.96%, an increase of 0.35%. The Skew was -3.35%, a decrease of 1.45%. The VIX was 18.74, an increase of 0.152 [6] - The ATM - IV of CSI 300 Index options was 14.54%, a decrease of 0.69%. The Skew was -3.65%, a decrease of 0.48%. The VIX was 20.00, a decrease of 0.103 [6] - The ATM - IV of CSI 1000 Index options was 19.27%, a decrease of 0.05%. The Skew was -4.18%, an increase of 2.21%. The VIX was 24.67, an increase of 0.708 [6] Next - Month - The ATM - IV of SSE 50 Index options was 16.42%, an increase of 0.36%. The Skew was -1.69%, an increase of 0.88% [6] - The ATM - IV of CSI 300 Index options was 17.61%, a decrease of 0.10%. The Skew was -4.64%, a decrease of 0.18% [6] - The ATM - IV of CSI 1000 Index options was 23.02%, an increase of 0.86%. The Skew was -7.62%, a decrease of 1.40% [6] Option Types Analysis SSE 50 Index Options - Multiple charts are provided, including the full - contract PCR chart, the main - contract skew chart, the volatility cone chart, and the volatility term - structure chart [10][12] CSI 300 Index Options - Similar to SSE 50 Index options, multiple charts are presented, such as the main - contract volatility chart, the full - contract PCR chart, and the volatility cone chart [14][16] CSI 1000 Index Options - Relevant charts include the main - contract volatility chart, the full - contract PCR chart, and the volatility term - structure chart [19][23][25] SSE 50ETF Options - Charts cover the main - contract volatility, full - contract PCR, and volatility cone [27][28][29] Huatai - Baorui 300ETF Options - There are main - contract volatility, full - contract PCR, and volatility term - structure charts [31][33][36] Southern CSI 500ETF Options - The analysis includes main - contract volatility, full - contract PCR, and volatility cone charts [41][42][45] Huaxia Science and Technology Innovation 50ETF Options - Charts involve main - contract volatility, full - contract PCR, and volatility term - structure [49][51][53] E Fund Science and Technology Innovation 50ETF Options - Main - contract volatility, full - contract PCR, and volatility cone charts are provided [56][60][61] Harvest 300ETF Options - Relevant charts are main - contract volatility, full - contract PCR, and volatility term - structure [63][65] Harvest CSI 500ETF Options - The analysis includes main - contract volatility, full - contract PCR, and volatility cone charts [67][68][69] ChiNext ETF Options - Charts cover main - contract volatility, full - contract PCR, and volatility term - structure [71][72][73] Shenzhen 100ETF Options - There are main - contract volatility, full - contract PCR, and volatility cone charts [75][77][78]

Report Industry Investment Rating - No information provided Core Viewpoints - No information provided Summary by Relevant Catalogs Option Trading Volume - On October 15, 2025, the trading volume of SSE 50 ETF options was 1.8713 million contracts; the trading volume of CSI 300 ETF options (Shanghai market) was 2.4432 million contracts; the trading volume of CSI 500 ETF options (Shanghai market) was 2.9055 million contracts; the trading volume of Shenzhen 100 ETF options was 0.1309 million contracts; the trading volume of ChiNext ETF options was 2.4848 million contracts; the trading volume of SSE 50 index options was 0.0843 million contracts; the trading volume of CSI 300 index options was 0.2510 million contracts; the total trading volume of CSI 1000 options was 0.4212 million contracts [1] - The call trading volume, put trading volume, and total trading volume of various index ETF options on the previous day are presented in a table, including specific figures for SSE 50 ETF options, CSI 300 ETF options (Shanghai market), etc [21] Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.74, with a month - on - month change of - 0.24; the open interest PCR was reported at 0.74, with a month - on - month change of - 0.01. Similar data for other types of options are also provided, including CSI 300 ETF options (Shanghai market), CSI 500 ETF options (Shanghai market), etc [2] - A table shows the turnover PCR, month - on - month change, open interest PCR, and month - on - month change of various index ETF options on the previous day [37] Option VIX - The VIX of SSE 50 ETF options was reported at 19.83%, with a month - on - month change of - 0.08%; the VIX of CSI 300 ETF options (Shanghai market) was reported at 20.93%, with a month - on - month change of + 0.37%. Similar data for other types of options are also provided, including CSI 500 ETF options (Shanghai market), Shenzhen 100 ETF options, etc [3] - A table presents the VIX and month - on - month change values of various index ETF options on the previous day [51]

期权VIX 股指期权日报 | 2025-10-15 股指期权日报 股指期权市场概况 期权成交量 2025-10-14，上证50ETF期权成交量为154.29万张；沪深300ETF期权（沪市）成交量为176.77万张； 中证500ETF期权（沪市）成交量为224.15万张；深证100ETF期权成交量为12.65万张； 创业板ETF期权成交量为320.24万张；上证50股指期权成交量为10.51万张； 沪深300股指期权成交量为22.43万张；中证1000期权总成交量为49.47万张。 期权PCR 上证50ETF期权成交额PCR报0.74，环比变动为-0.24；持仓量PCR报0.74，环比变动为-0.01； 沪深300ETF期权（沪市）成交额PCR报1.11，环比变动为-0.03；持仓量PCR报0.92，环比变动为+0.00； 中证500ETF期权（沪市）成交额PCR报1.12，环比变动为+0.15；持仓量PCR报1.06，环比变动为-0.21 ； 深圳100ETF期权成交额PCR报1.65 ，环比变动为+0.27；持仓量PCR报1.21；环比变动为+0.00； 创业板ETF期权成交额PCR报1.52，环比变动为 ...

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint No information provided. 3. Summary by Relevant Catalog I. Option Trading Volume - On October 13, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 1468,500 contracts; the trading volume of CSI 300 ETF options (Shanghai market) was 1,727,300 contracts; the trading volume of CSI 500 ETF options (Shanghai market) was 1,823,600 contracts; the trading volume of Shenzhen 100 ETF options was 112,100 contracts; the trading volume of ChiNext ETF options was 2,461,100 contracts; the trading volume of Shanghai Stock Exchange 50 index options was 96,000 contracts; the trading volume of CSI 300 index options was 194,000 contracts; and the total trading volume of CSI 1000 options was 448,200 contracts [1]. - The table also shows the call, put, and total trading volumes of various index ETF options on the same day, such as 700,400 call contracts and 842,500 put contracts for Shanghai Stock Exchange 50 ETF options, with a total of 1,542,900 contracts [20]. II. Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.98, with a month - on - month change of +0.38; the position PCR was reported at 0.75, with a month - on - month change of +0.00. Similar data is provided for other types of options, like the turnover PCR of CSI 300 ETF options (Shanghai market) was 1.14, with a month - on - month change of +0.40, and the position PCR was 0.92, with a month - on - month change of - 0.06 [2][34]. III. Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 19.91%, with a month - on - month change of +1.39%. For other options, such as the VIX of CSI 300 ETF options (Shanghai market) was 20.55%, with a month - on - month change of +1.74%, and the VIX of CSI 500 ETF options (Shanghai market) was 25.02%, with a month - on - month change of +1.90% [3][47].

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The report presents the trading data of various index options on October 9, 2025, including trading volume, PCR (Put - Call Ratio), and VIX (Volatility Index), to reflect the market conditions of the index option market. 3. Summary by Directory I. Option Trading Volume - On October 9, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 819,500 contracts; the trading volume of CSI 300 ETF options (Shanghai market) was 956,500 contracts; the trading volume of CSI 500 ETF options (Shanghai market) was 1,214,100 contracts; the trading volume of Shenzhen 100 ETF options was 46,800 contracts; the trading volume of ChiNext ETF options was 1,961,900 contracts; the trading volume of Shanghai Stock Exchange 50 index options was 103,600 contracts; the trading volume of CSI 300 index options was 117,100 contracts; and the total trading volume of CSI 1000 options was 300,500 contracts [1]. - The detailed one - day trading volume data of index ETF options are as follows: the total trading volume of Shanghai Stock Exchange 50 ETF options was 1,665,600 contracts (896,100 call contracts and 769,500 put contracts); the total trading volume of CSI 300 ETF options (Shanghai market) was 1,612,400 contracts (815,300 call contracts and 797,100 put contracts); the total trading volume of CSI 500 ETF options (Shanghai market) was 1,767,100 contracts (848,500 call contracts and 918,600 put contracts); the total trading volume of Shenzhen 100 ETF options was 103,600 contracts (68,000 call contracts and 35,700 put contracts); the total trading volume of ChiNext ETF options was 1,961,900 contracts (988,600 call contracts and 973,300 put contracts); the total trading volume of Shanghai Stock Exchange 50 index options was 103,600 contracts (22,600 call contracts and 34,200 put contracts); the total trading volume of CSI 300 index options was 1,900,000 contracts (118,300 call contracts and 71,700 put contracts); the total trading volume of CSI 1000 index options was 300,500 contracts (156,400 call contracts and 144,100 put contracts) [21]. II. Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.41, with a month - on - month change of - 0.04; the position PCR was reported at 0.86, with a month - on - month change of + 0.06. Similar data for other options are also provided, such as the turnover PCR of CSI 300 ETF options (Shanghai market) was 0.38, with a month - on - month change of - 0.04; the position PCR was 1.18, with a month - on - month change of + 0.10, etc. [2]. - The detailed one - day PCR data of index ETF options are presented in the table, including turnover PCR and its month - on - month change, and position PCR and its month - on - month change for each type of option [36]. III. Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 17.76%, with a month - on - month change of - 0.55%; the VIX of CSI 300 ETF options (Shanghai market) was 17.94%, with a month - on - month change of - 1.08%; and so on for other options [3]. - The detailed one - day VIX data of index ETF options are shown in the table, including the VIX value and its month - on - month change for each type of option [52].

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints The report presents the trading data of various stock index options on September 30, 2025, including trading volume, PCR (Put-Call Ratio), and VIX (Volatility Index), to reflect the market conditions of these options. 3. Summary by Directory Option Trading Volume - On September 30, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 1473700 contracts; the trading volume of Shanghai Stock Exchange 300 ETF options was 1447200 contracts; the trading volume of Shanghai Stock Exchange 500 ETF options was 1529500 contracts; the trading volume of Shenzhen 100 ETF options was 127900 contracts; the trading volume of ChiNext ETF options was 1374900 contracts; the trading volume of Shanghai Stock Exchange 50 stock index options was 51800 contracts; the trading volume of Shanghai Stock Exchange 300 stock index options was 176000 contracts; the total trading volume of China Securities 1000 options was 267700 contracts [1]. - The detailed trading volume data of call and put options for each type of option are also provided. For example, the call trading volume of Shanghai Stock Exchange 50 ETF options was 453800 contracts, and the put trading volume was 365700 contracts, with a total trading volume of 819500 contracts [20]. Option PCR - The PCR data of various options show the changes in the ratio of put option trading volume or open interest to call option trading volume or open interest. For example, the trading volume PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.45, with a month-on-month change of -0.03; the open interest PCR was reported at 0.80, with a month-on-month change of +0.01 [2]. Option VIX - The VIX data of various options reflect the implied volatility of the options. For example, the VIX of Shanghai Stock Exchange 50 ETF options was reported at 18.30%, with a month-on-month change of -0.43%; the VIX of Shanghai Stock Exchange 300 ETF options was reported at 19.02%, with a month-on-month change of -0.66% [3].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - Not provided in the content Summary by Relevant Catalogs Option Trading Volume - On September 29, 2025, the trading volumes of various options were as follows: 788,200 contracts for SSE 50 ETF options, 937,300 contracts for SSE 300 ETF options (Shanghai market), 1,443,500 contracts for CSI 500 ETF options (Shanghai market), 124,500 contracts for Shenzhen 100 ETF options, 1,787,700 contracts for ChiNext ETF options, 117,400 contracts for SSE 50 index options, 106,400 contracts for SSE 300 index options, and 306,600 contracts for CSI 1000 options [1]. - The detailed trading volumes (including call, put, and total) of different index ETF options on a recent day are presented in a table, with specific values for each type of option [20]. Option PCR - The PCR data of different options on a recent day are as follows: for SSE 50 ETF options, the turnover PCR is 0.48 (with a -0.19 change compared to the previous period), and the open - interest PCR is 0.79 (with a +0.01 change); for SSE 300 ETF options (Shanghai market), the turnover PCR is 0.47 (-0.16 change), and the open - interest PCR is 1.08 (-0.03 change); for CSI 500 ETF options (Shanghai market), the turnover PCR is 0.63 (-0.25 change), and the open - interest PCR is 1.28 (-0.04 change); for Shenzhen 100 ETF options, the turnover PCR is 0.73 (+0.03 change), and the open - interest PCR is 1.16 (-0.02 change); for ChiNext ETF options, the turnover PCR is 0.59 (-0.15 change), and the open - interest PCR is 1.33 (+0.14 change); for SSE 50 index options, the turnover PCR is 0.28 (-0.07 change), and the open - interest PCR is 0.70 (+0.04 change); for SSE 300 index options, the turnover PCR is 0.30 (-0.19 change), and the open - interest PCR is 0.92 (+0.05 change); for CSI 1000 index options, the turnover PCR is 0.67 (-0.42 change), and the open - interest PCR is 0.99 (+0.02 change) [2][28]. Option VIX - The VIX data of different options on a recent day are as follows: for SSE 50 ETF options, the VIX is 18.73% (with a +1.92% change compared to the previous period); for SSE 300 ETF options (Shanghai market), the VIX is 19.68% (+1.54% change); for CSI 500 ETF options (Shanghai market), the VIX is 24.28% (-0.15% change); for Shenzhen 100 ETF options, the VIX is 27.23% (-0.07% change); for ChiNext ETF options, the VIX is 36.65% (-1.00% change); for SSE 50 index options, the VIX is 18.54% (+1.01% change); for SSE 300 index options, the VIX is 19.17% (+0.95% change); for CSI 1000 index options, the VIX is 24.70% (-0.16% change) [3][43].

Report Summary 1. Investment Rating The provided content does not contain information about the industry investment rating. 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 index options on September 26, 2025. 3. Section Summaries Option Trading Volume - On September 26, 2025, the trading volumes were as follows: 883,800 contracts for SSE 50 ETF options, 1,061,000 for CSI 300 ETF options (Shanghai market), 1,492,600 for CSI 500 ETF options (Shanghai market), 69,200 for Shenzhen 100 ETF options, 1,769,800 for ChiNext ETF options, 43,800 for SSE 50 index options, 134,200 for CSI 300 index options, and 282,500 for CSI 1000 options [1]. - The table also shows the call, put, and total trading volumes for each option type [20]. Option PCR - The report provides the turnover PCR and position PCR, along with their环比 changes, for different index options. For example, the turnover PCR of SSE 50 ETF options was 0.67 with a +0.07环比 change, and the position PCR was 0.79 with a -0.01环比 change [2][30]. Option VIX - The VIX values and their环比 changes are reported for each option type. For instance, the VIX of SSE 50 ETF options was 16.81% with a +0.29%环比 change [3][42].

Report Industry Investment Rating - Not mentioned in the provided content Core Viewpoints - The report presents the trading data of various index options on September 25, 2025, including option volume, PCR, and VIX, which helps investors understand the market conditions and sentiment of index options [1][2][3] Summary by Related Catalogs Option Volume - On September 25, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 1.1772 million contracts; the trading volume of Shanghai Stock Exchange 300 ETF options (Shanghai market) was 1.2981 million contracts; the trading volume of China Securities 500 ETF options (Shanghai market) was 2.273 million contracts; the trading volume of Shenzhen 100 ETF options was 0.1449 million contracts; the trading volume of ChiNext ETF options was 1.9582 million contracts; the trading volume of Shanghai Stock Exchange 50 index options was 0.0543 million contracts; the trading volume of Shanghai Stock Exchange 300 index options was 0.1098 million contracts; the total trading volume of China Securities 1000 options was 0.2291 million contracts [1] - The table shows the call, put, and total trading volumes of various index ETF options on September 25, 2025, such as the total trading volume of Shanghai Stock Exchange 50 ETF options was 0.8838 million contracts [20] Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.59, with a month - on - month change of - 0.09; the position PCR was reported at 0.79, with a month - on - month change of + 0.01. Similar data were provided for other types of options [2] - The table shows the turnover PCR, month - on - month change, position PCR, and month - on - month change of various index ETF options on September 25, 2025 [28] Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 16.53%, with a month - on - month change of - 1.15%. Similar data were provided for other types of options [3] - The table shows the VIX and month - on - month change values of various index ETF options on September 25, 2025 [42]