1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In the past week, trading volume and volatility of commodity options decreased, but implied volatility increased for some varieties in the non - ferrous metals, precious metals, and agricultural product sectors. A sector - rotation strategy of selling options may yield considerable potential returns [4]. - The trading volume of methanol, peanut, and corn options increased. In an uptrend, there is still room for the skew to rise. Spread strategies or collar strategies can be used to earn returns from both directional movements and skew arbitrage [4]. - New energy sectors may be affected by energy - storage - related policies. Buying long - dated options for hedging can be considered [4]. - The price of rebar has reached a resistance level. Buying long - dated put options for risk avoidance can be attempted [4]. 3. Summary by Related Catalogs 3.1 Market Overview - Overall market: The trading volume of the entire commodity options market decreased by 0.96%, while the open interest increased by 0.04%. Among different sectors, the trading volume of agricultural products decreased by 0.35%, energy and chemicals by 0.44%, black metals by 1.5%, precious metals by 2.16%, and non - ferrous metals and new energy by 1.32%. The open interest of agricultural products, energy and chemicals, black metals, and non - ferrous metals and new energy increased, while that of precious metals decreased by 0.41% [5]. 3.2 Market Data 3.2.1 Market Overview - A table presents the implied volatility, 60 - day percentile, skew, and 60 - day percentile of various commodity options, including corn, soybean meal, and others [14]. 3.2.2 - 3.2.59 Option Data for Specific Commodities - Data for each commodity option, such as corn, soybean meal, and others, including the closing price, trading volume, open interest, volume PCR, open interest PCR, implied volatility, historical volatility (HV - 10 and HV - 20), and skew of the main and secondary contracts, are provided [15 - 75].