Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - No relevant content Group 3: Summary of Related Catalogs Option Quotes - The daily percentage changes of call options for various commodities are as follows: aluminum 110.63%, cast aluminum alloy 52.98%, log 30.00%, polysilicon 25.07%, zinc 24.79%, tin 22.41%, palm oil 21.40%, lithium carbonate 21.29%, gold 20.78%, and ferrosilicon 19.83% [1] - The daily percentage changes of put options for various commodities are as follows: corn 53.85%, caustic soda 43.50%, industrial silicon 41.67%, soda ash 26.67%, corn starch 24.07%, offset printing paper 20.00%, eggs 17.83%, sugar 11.24%, lead 8.19%, and PVC 4.85% [1] Option Positions - The daily changes in call option positions for various commodities are as follows: glass 72484, soda ash 20918, PTA 17053, polysilicon 14673, aluminum 14245, coking coal 14096, rapeseed meal 14071, industrial silicon 12621, corn 12202, and caustic soda 11155 [2] - The daily changes in put option positions for various commodities are as follows: methanol 29780, PTA 14011, glass 11164, lithium carbonate 9399, styrene 7237, ethylene glycol 7034, rapeseed meal 5637, soybean meal 5482, sugar 5166, and iron ore 4908 [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties and their PCR values are: fuel oil 1.7887, short - fiber 1.5487, styrene 1.5322, methanol 1.5248, crude oil 1.3809, ethylene glycol 1.3654, propylene 1.323, lithium carbonate 1.2158, polypropylene 1.2116, and PTA 1.188 [5] - Low - position PCR varieties and their PCR values are: red dates 0.2068, live pigs 0.207, polysilicon 0.2947, alumina 0.3083, soda ash 0.3261, log 0.3686, urea 0.3696, coking coal 0.3824, apples 0.393, and glass 0.3965 [5] Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties and their PCR values are: propylene 16.4375, short - fiber 7.36, polypropylene 2.0329, iron ore 1.0411, p - xylene 0.9516, cast aluminum alloy 0.9234, copper 0.8426, offset printing paper 0.8077, lead 0.8031, and PTA 0.7501 [6] - Low - volume PCR varieties and their PCR values are: urea 0.1848, polysilicon 0.1914, alumina 0.1967, coking coal 0.2011, live pigs 0.234, palladium 0.2404, tin 0.2569, red dates 0.2611, nickel 0.2795, and aluminum 0.2847 [6] Daily Selections - Call options: manganese silicon (SM606, SM606C6700, trend degree 53, put - call ratio 0.63, remaining days 44), lithium carbonate (lc2607, lc2607 - C - 174000, trend degree 49, put - call ratio 1.22, remaining days 67), synthetic rubber (br2606, br2606C17800, trend degree 49, put - call ratio 0.96, remaining days 56), peanuts (PK610, PK610C8500, trend degree 49, put - call ratio 0.5, remaining days 165), methanol (MA609, MA609C3200, trend degree 45, put - call ratio 1.52, remaining days 135), styrene (eb2606, eb2606 - C - 10800, trend degree 45, put - call ratio 1.53, remaining days 52), urea (UR606, UR606C1900, trend degree 43, put - call ratio 0.37, remaining days 44), polypropylene (pp2606, pp2606 - C - 9600, trend degree 43, put - call ratio 1.21, remaining days 52) [7] - Put options: rapeseed meal (RM609, RM609P2325, trend degree - 55, put - call ratio 0.55, remaining days 135), soybeans No.1 (a2607, a2607 - P - 4400, trend degree - 53, put - call ratio 0.77, remaining days 78), corn (c2607, c2607 - MS - P - 2360, trend degree - 53, put - call ratio 0.53, remaining days 52), alumina (ao2606, ao2606P2850, trend degree - 47, put - call ratio 0.31, remaining days 56), live pigs (lh2607, lh2607 - P - 10800, trend degree - 47, put - call ratio 0.21, remaining days 78), soybean meal (m2607, m2607 - P - 2800, trend degree - 43, put - call ratio 0.85, remaining days 78), soybeans No.2 (b2606, b2606 - P - 3550, trend degree - 37, put - call ratio 0.86, remaining days 52), SSE 50 (IH2606, HO2606 - P - 2800, trend degree - 37, put - call ratio 0.62, remaining days 84) [7] Expiring Options - There are no expiring options on the day [7]

Group 1: Report Summary - The report is the Commodity Options Daily Report on March 26, 2026, providing data on option quotes, positions, and other aspects [1] Group 2: Option Quotes - Among call options, industrial silicon had the highest daily increase of 53.11%, followed by lithium carbonate at 51.40%, and synthetic rubber at 44.05%. Among put options, iron ore had the highest daily increase of 47.75%, followed by fuel oil at 42.12%, and asphalt at 36.38% [1] Group 3: Option Positions - In terms of call option position daily changes, p-xylene had the largest increase of 23,812, followed by corn at 20,719, and soda ash at 20,087. For put options, coking coal had an increase of 5,133, methanol had an increase of 4,572, and ethylene glycol had an increase of 4,070 [2] Group 4: Option Position Put - Call Ratio (PCR) - High - position PCR varieties include fuel oil with a PCR of 1.8962, short - fiber with 1.5285, and apple with 1.4112. Low - position PCR varieties include live pigs with 0.2019, red dates with 0.2475, and alumina with 0.3471 [5] Group 5: Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties include propylene with a PCR of 9.625, short - fiber with 9.5778, and polypropylene with 2.3977. Low - volume PCR varieties include red dates with 0.1836, soda ash with 0.2033, and polysilicon with 0.2218 [6] Group 6: Daily Selections - Call option selections include synthetic rubber, ferromanganese silicon, and coking coal. Put option selections include soybeans No.1, soybeans No.2, and rapeseed meal [7] Group 7: Near - Expiry Options - For call options, p - xylene, red dates, and apples are near - expiry. For put options, p - xylene, red dates, and apples are also near - expiry, with corresponding break - even prices and price increase/decrease rates provided [8]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report No relevant content provided. 3. Summary by Directory 3.1 Market Overview - The trading volume of the entire market this week was 9,012,194.8, a decrease of 0.88% from last week; the open interest was 9,470,619.0, an increase of 0.04% from last week. Among them, the trading volume of agricultural products decreased by 0.97%, energy and chemical products decreased by 1.45%, black products decreased by 0.36%, precious metals increased by 3.71%, and non - ferrous and new energy products increased by 1.36% [4]. 3.2 Market Data 3.2.1 Market Overview - Lists the flat - value volatility, 60 - day quantile, Skew, and 60 - day quantile of various commodity options, such as the flat - value volatility of corn options is 12.54%, and the Skew is 34.99% [7]. 3.2.2 - 3.2.61 Various Commodity Options - For each type of commodity option (such as corn, soybean meal, etc.), it provides detailed data including the closing price, trading volume, open interest, volume PCR, open interest PCR, flat - value volatility, HV - 10 days, HV - 20 days, and Skew of the main and secondary contracts, as well as the overall contract data. For example, for soybean meal options, the main contract m2605 had a closing price of 3029 this week, a decrease of 99 from last week; the trading volume of call options this week was 276,811, a decrease of 221,158 from last week [8][9].

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core View of the Report - There is no clear core view presented in the provided content. Group 3: Summary According to Relevant Catalogs Option Quotes - **Call Options**: Manganese silicon had the highest daily increase of 215.32%, followed by corn starch at 141.94%, and silicon iron at 75.63% [1]. - **Put Options**: Bottle chips had the highest daily increase of 76.17%, followed by gold at 71.59%, and cast aluminum alloy at 52.80% [1]. Option Positions - **Call Options**: Manganese silicon had the largest daily change in positions at 20,927, followed by glass at 13,743, and methanol at 11,210 [2]. - **Put Options**: Methanol had the largest daily change in positions at 19,199, followed by manganese silicon at 10,925, and lithium carbonate at 8,196 [2]. Option Position Put - Call Ratio (PCR) - **High - PCR Varieties**: Fuel oil had the highest PCR at 2.0387, followed by apples at 1.8654, and p - xylene at 1.6055 [5]. - **Low - PCR Varieties**: Live pigs had the lowest PCR at 0.2115, followed by red dates at 0.2286, and soda ash at 0.3541 [5]. Option Trading Volume Put - Call Ratio (PCR) - **High - PCR Varieties**: Short - fiber had the highest PCR at 5.1377, followed by propylene at 2.7075, and polypropylene at 1.6698 [6]. - **Low - PCR Varieties**: Logs had the lowest PCR at 0.1678, followed by red dates at 0.1856, and silicon iron at 0.2055 [6]. Daily Selections - **Call Options**: Manganese silicon, fuel oil, and methanol were selected, with trend degrees of 55, 53, and 53 respectively [7]. - **Put Options**: Gold, natural rubber, and silver were selected, with trend degrees of - 55, - 55, and - 55 respectively [7]. Near - Expiry Options - **Call Options**: For silver, the call option ag2604C17500 had a remaining period of 3 days, an option closing price of 800.0, and the underlying settlement price was 17,455.0. The break - even underlying price was 18,304.0 with a 4.86% increase, and for the option to double, the underlying price needed to reach 19,108.0 with a 9.47% increase [8]. - **Put Options**: For silver, the put option ag2604P17400 had a remaining period of 3 days, an option closing price of 577.5, and the underlying settlement price was 17,455.0. The break - even underlying price was 16,818.5 with a - 3.65% change, and for the option to double, the underlying price needed to reach 16,237.0 with a - 6.98% change [9].

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The report presents data on commodity option daily market, including option price changes, position changes, put - call ratios of positions and trading volumes, daily option selections, and information on near - expiration options [1][2][5][6][7][8] 3. Summary by Relevant Catalogs Option Price Changes - Among call options, lead had the highest daily increase of 85.52%, followed by alumina (37.79%), manganese silicon (30.71%), etc. Among put options, pulp had the highest daily increase of 65.62%, followed by offset printing paper (61.90%), zinc (43.77%), etc [1] Option Position Changes - For call options, sugar had the largest daily position change of 16314, followed by corn (15329), fuel oil (15196), etc. For put options, methanol had the largest daily position change of 16448, followed by cotton (10035), asphalt (9572), etc [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties included p - xylene (1.9066), fuel oil (1.6502), apple (1.5912), etc. Low - position PCR varieties included live pigs (0.2179), red dates (0.2275), coking coal (0.3493), etc [5] Option Trading Volume Put - Call Ratio (PCR) - High - trading - volume PCR varieties included short - fiber (2.0144), propylene (1.8318), soybean No.2 (1.1925), etc. Low - trading - volume PCR varieties included logs (0.132), red dates (0.1439), alumina (0.2123), etc [6] Daily Option Selections - Call option selections included iron ore, alumina, manganese silicon, etc. Put option selections included gold, zinc, live pigs, etc [7] Near - Expiration Options - For call options, fuel oil, SSE 50, CSI 300, and CSI 1000 options were listed. For put options, fuel oil, SSE 50, CSI 300, and CSI 1000 options were also listed, along with information on remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling points [8]

1. Report Industry Investment Rating - No information provided in the given content 2. Core View of the Report - The report presents the daily situation of commodity options on March 16, 2026, including option quotes, positions, position put - call ratios (PCR), trading volume put - call ratios (PCR), daily selections, and near - expiration options [1] 3. Summary by Relevant Catalogs Option Quotes - **Call Options**: The daily percentage increases of call options for various commodities are as follows: rapeseed meal 62.29%, iron ore 59.89%, asphalt 58.02%, soybean meal 43.81%, etc. [1] - **Put Options**: The daily percentage increases of put options for various commodities are as follows: tin 66.65%, pure benzene 44.32%, gold 30.33%, etc. [1] Option Positions - **Call Options**: The daily changes in call option positions for various commodities are as follows: rapeseed meal 14484, methanol 11657, corn 9878, etc. [2] - **Put Options**: The daily changes in put option positions for various commodities are as follows: soybean meal 39586, styrene 23353, PVC 22735, etc. [2] Option Position Put - Call Ratio (PCR) - **High - position PCR**: Fuel oil 2.2344, styrene 2.0807, pure benzene 1.812, etc. [5] - **Low - position PCR**: red dates 0.2342, live pigs 0.2397, urea 0.3709, etc. [5] Option Trading Volume Put - Call Ratio (PCR) - **High - trading volume PCR**: pure benzene 3.4683, short - fiber 1.5478, propylene 1.4091, etc. [6] - **Low - trading volume PCR**: red dates 0.1064, polysilicon 0.1184, live pigs 0.1523, etc. [6] Daily Selections - **Call Options**: Selected call options include soybean No. 2, iron ore, soybean No. 1, etc., with a trend degree of 55 and different put - call ratios and remaining days [7] - **Put Options**: Selected put options include lead, zinc, Shanghai Stock Exchange 50, etc., with negative trend degrees and different put - call ratios and remaining days [7] Near - Expiration Options - **Call Options**: For near - expiration call options such as iron ore, ethylene glycol, styrene, etc., information on remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling conditions is provided [8] - **Put Options**: For near - expiration put options such as iron ore, ethylene glycol, styrene, etc., information on remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling conditions is provided [9]

1. Market Overview - The trading volume of the market this week was 11,521,370.6, with a week - on - week increase of 0.51%, and the open interest was 8,953,943, with a week - on - week decrease of 0.01% [4]. - The trading volume of agricultural products this week was 2,487,110.4, with a week - on - week increase of 2.76%, and the open interest was 3,248,462, with a week - on - week increase of 0.16% [4]. - The trading volume of energy and chemical products this week was 7,108,318.2, with a week - on - week increase of 0.61%, and the open interest was 3,498,076, with a week - on - week decrease of 0.15% [4]. - The trading volume of black commodities this week was 531,268.4, with a week - on - week increase of 1.04%, and the open interest was 825,749, with a week - on - week decrease of 0.05% [4]. - The trading volume of precious metals this week was 325,839.8, with a week - on - week decrease of 1.22%, and the open interest was 341,823, with a week - on - week increase of 0.05% [4]. - The trading volume of non - ferrous metals and new energy products this week was 1,068,833.8, with a week - on - week decrease of 1.45%, and the open interest was 1,039,833, with a week - on - week increase of 0.14% [4]. 2. Market Data 2.1 Market Overview - The report provides the implied volatility, quantile, and skew of various commodity options, such as the implied volatility of corn options was 15.72%, and the skew was 47.0% [5]. 2.2 - 2.61 Option Data of Each Commodity - For each commodity option (such as corn, soybean meal, etc.), the report details the closing price, trading volume, open interest, volume PCR, open interest PCR, implied volatility, HV - 10 days, HV - 20 days, and skew of the main and secondary contracts, as well as the overall contract data [6][7][8]...[65].

1. Report Industry Investment Rating - No relevant content provided. 2. Core Viewpoints of the Report - The report presents the daily data of commodity options on March 10, 2026, including option quotes, option positions, option position put - call ratios (PCR), option trading volume put - call ratios (PCR), daily preferred options, and near - maturity options [1][2][5][6][7][8][9]. 3. Summary by Relevant Catalog Option Quotes - Among call options, short - fiber had the highest daily increase of 241.94%, followed by crude oil with 232.02% and asphalt with 213.04%. Among put options, palladium had the highest daily increase of 56.89%, followed by nickel with 26.26% and corn starch with 23.61% [1]. Option Positions - In call options, corn had the largest daily change in position of 28813, followed by sugar with 9143 and corn starch with 5166. In put options, soybean meal had the largest daily change in position of 27520, followed by fuel oil with 27171 and methanol with 25419 [2]. Option Position Put - Call Ratios (PCR) - High - position PCR varieties included fuel oil with 2.3886, crude oil with 2.1135, and apple with 1.902. Low - position PCR varieties included live pigs with 0.2505, red dates with 0.2593, and alumina with 0.3405 [5]. Option Trading Volume Put - Call Ratios (PCR) - High - trading volume PCR varieties included propylene with 8.9256, pure benzene with 4.3629, and short - fiber with 2.6259. Low - trading volume PCR varieties included red dates with 0.0661, live pigs with 0.1081, and coking coal with 0.1562 [6]. Daily Preferred Options - For call options, recommended varieties included asphalt, aluminum, and synthetic rubber, with a trend degree of 55. For put options, recommended varieties included SSE 50, copper, and zinc, with negative trend degrees [7]. Near - Maturity Options - For call options, taking glass as an example, with a remaining period of 2 days, the option closing price was 9.0, the underlying settlement price was 1134.0, the break - even underlying price was 1150.0 (a 1.41% increase), and the underlying price for the option to double was 1160.0 (a 2.29% increase). For put options, taking glass as an example, with a remaining period of 2 days, the option closing price was 28.5, the underlying settlement price was 1134.0, the break - even underlying price was 1090.5 (a - 3.84% decrease), and the underlying price for the option to double was 1061.0 (a - 6.44% decrease) [8][9].

Group 1: Report Summary - The report is the Commodity Options Daily Report on March 5, 2026, analyzing the options market [1] Group 2: Option Quotes - Among call options, propylene had the highest daily increase of 133.33%, followed by aluminum at 123.11% and polypropylene at 76.25% [1] - Among put options, gold had the highest daily increase of 52.30%, followed by polysilicon at 44.41% and caustic soda at 30.48% [1] Group 3: Option Positions - For call options, methanol had the largest daily change in positions at 48,593, followed by lithium carbonate at 16,177 and caustic soda at 12,891 [2] - For put options, methanol had the largest daily change in positions at 53,463, followed by fuel oil at 34,607 and PTA at 14,167 [2] Group 4: Option Position Put - Call Ratio (PCR) - High - position PCR varieties included apple with a PCR of 2.182, fuel oil with 1.6353, and crude oil with 1.5023 [5] - Low - position PCR varieties included live pigs with a PCR of 0.2798, red dates with 0.294, and alumina with 0.2987 [5] Group 5: Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties included silver with a PCR of 1.3639, polysilicon with 1.1719, and lithium carbonate with 1.1067 [6] - Low - volume PCR varieties included urea with a PCR of 0.1498, live pigs with 0.1631, and PVC with 0.2079 [6] Group 6: Daily Selections - Call option selections included asphalt, bottle chips, rapeseed oil, etc., with a trend degree of 55 [7] - Put option selections included SSE 50, polysilicon, live pigs, etc., with negative trend degrees [7] Group 7: Near - Expiry Options - For call options, lithium carbonate, industrial silicon, and polysilicon were analyzed, including remaining days, option closing prices, break - even points, and target price increases for option doubling [8] - For put options, lithium carbonate, industrial silicon, and polysilicon were analyzed, including remaining days, option closing prices, break - even points, and target price decreases for option doubling [8]

1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints of the Report - After the holiday, the overall volatility of the commodity options market decreased. The trading volume of agricultural product options increased due to contract roll - over. Some varieties in the black and non - ferrous sectors experienced increased volatility and higher open interest. The geopolitical risks over the weekend led to increased expected volatility in the precious metals, non - ferrous metals, and chemical sectors. Considering the high implied volatility of call options, a bull call spread strategy can be considered for long positions, and the strike price of the long call option can be gradually raised to reduce the maximum risk of the position [5]. 3. Summary by Directory 3.1 Market Overview - The overall volatility of the commodity options market decreased after the holiday. The trading volume of agricultural product options increased during the contract roll - over. Some varieties in the black and non - ferrous sectors saw increased volatility and higher open interest. Due to weekend geopolitical risks, the expected volatility of precious metals, non - ferrous metals, and the chemical sector increased. A bull call spread strategy can be used for long positions, and the strike price of the long call option can be gradually raised to reduce the maximum risk of the position [5]. - Market data shows that the trading volume of the entire market decreased by 0.67% to 5,512,888.0, while the open interest increased by 0.09% to 7,701,848. Among different sectors, the trading volume of agricultural products increased by 0.06% to 1,422,480.75, and the open interest decreased by 0.14% to 2,507,785; the trading volume of energy and chemicals decreased by 0.43% to 2,419,537.25, and the open interest increased by 0.23% to 3,144,995; the trading volume of the black sector increased by 3.82% to 488,594.0, and the open interest increased by 0.13% to 766,022; the trading volume of precious metals decreased by 2.71% to 307,045.75, and the open interest increased by 0.2% to 309,152; the trading volume of non - ferrous and new energy decreased by 1.33% to 875,230.25, and the open interest increased by 0.46% to 973,894 [6]. 3.2 Market Data 3.2.1 Market Overview - The report provides the implied volatility, 60 - day percentile of implied volatility, skew, and 60 - day percentile of skew for various commodity options, including corn, soybean meal, rapeseed meal, etc. For example, the implied volatility of corn is 9.97%, and the skew is 7.54% [12]. 3.2.2 - 3.2.61 Option Data for Each Commodity - For each commodity option (such as corn, soybean meal, etc.), the report details the closing price, price change, remaining trading days, trading volume (including call and put trading volume, and total trading volume), trading volume PCR, open interest (including call and put open interest, and total open interest), open interest PCR, implied volatility, historical volatility (HV - 10 days and HV - 20 days), and skew of the main and secondary contracts, as well as the overall contract data [13 - 74].