Whales with a lot of money to spend have taken a noticeably bearish stance on Caterpillar.Looking at options history for Caterpillar (NYSE:CAT) we detected 13 trades.If we consider the specifics of each trade, it is accurate to state that 38% of the investors opened trades with bullish expectations and 61% with bearish.From the overall spotted trades, 4 are puts, for a total amount of $157,421 and 9, calls, for a total amount of $821,915.Projected Price TargetsAfter evaluating the trading volumes and Open I ...

研究所 农产品研发报告 农产品日报 2026 年 01 月 07 日 研究员：王玺圳、刘倩楠 期货从业证号： F03118729、F3013727 投资咨询证号： Z0022817、Z0014425 联系方式： :wangxizhen_qh@chin astock.com.cn 棉花、棉纱日报 第一部分 市场信息 | 期货盘面 | 收盘 | 涨跌幅 | 成交量(手) | 增减幅 | 空盘量 | 增减量 | | --- | --- | --- | --- | --- | --- | --- | | CF01合约 | 15200 | 245 | 10,135 | 672 | 68,415 | -8049 | | CF05合约 | 15035 | 180 | 618,089 | 223930 | 925,465 | 9611 | | CF09合约 | 15225 | 185 | 73,247 | 40596 | 95,727 | 17291 | | CY01合约 | 20250 | 0 | 32 | 0 | 378 | 0 | | CY05合约 | 20880 | 0 | 61 | 0 | 171 | 0 | | ...

美国国债期权交易员正加大押注力度，认为未来几周10年期美债收益率将突破近期区间，跌破 4%关 口，至11月以来最低水平。 自12月底以来，期权市场的看涨情绪就在持续增强。本周开始陆续公布不受政府停摆影响的关键经济数 据之际，投资者处于观望状态。过去一个月，基准10年期美债收益率在0.1个百分点左右的范围内波 动。 美国国债期权交易员正加大押注力度，认为未来几周10年期美债收益率将突破近期区间，跌破 4%关 口，至11月以来最低水平。 自12月底以来，期权市场的看涨情绪就在持续增强。本周开始陆续公布不受政府停摆影响的关键经济数 据之际，投资者处于观望状态。过去一个月，基准10年期美债收益率在0.1个百分点左右的范围内波 动。 周二公布的仓位数据显示，三月10年期期权买盘进一步涌现，押注美债走高。本周的资金流向显示，一 位大买家押注收益率将从当前略低于4.2%的水平回落至3.95%左右。 这些期权将于2月20日到期，意味着覆盖了美联储1月28日的政策决议。交易员预计，该央行在连续三次 降息以应对就业市场降温迹象后，可能会按兵不动。 随着一系列劳动力市场数据即将发布，尤其是周五的12月非农报告，10年期美债期权头寸 ...

来源：市场资讯 （来源：吴说） QCP 资本分析指出，亚洲早盘 BTC 和 ETH 分别升至 9.2 万美元和 3,100 美元，在美股走强、油价走软 背景下同步上行，显示加密资产与风险资产的联动正走向制度性转变。期权方面，看跌偏度收敛，2026 年 1 月 30 日 10 万美元看涨期权需求升温；但近期美盘回吐频繁，仍需谨慎仓位管理。而有关"委内瑞 拉影子比特币储备"传闻应谨慎对待。 ...

每经AI快讯，12月31日，大商所公告，焦煤期权自2026年1月16日(周五)起上市交易。当日8:55—9:00集 合竞价，9:00开盘。1月16日(周五)当晚，焦煤期权开展夜盘交易。焦煤期权首批上市交易合约是以 JM2604、JM2605、JM2606、JM2607、JM2608、JM2609、JM2610、JM2611、JM2612期货合约为标的 的期权合约。 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - On December 26, 2025, stock indices oscillated upwards with the total stock market turnover reaching 2160.3 billion yuan, an increase of 216.5 billion yuan from the previous day. The recent increase in trading volume and consecutive rise of stock indices indicate a continuous recovery of market risk appetite. As the new year approaches, positive policy expectations are gradually fermenting. With the appreciation of the RMB, a large amount of relatively high - interest time deposits will mature next year, and their "re - allocation" may bring a large influx of incremental funds into the stock market. The positive policy expectations and the net capital inflow trend together form the medium - and long - term support for stock indices. As the stock indices approach the previous high, short - term attention should be paid to whether they can break through the technical resistance of the previous high. In general, the bullish factors are continuously fermenting, and the stock indices are expected to be oscillating strongly in the short term. For options, since the current position PCR and implied volatility are both in the normal range, a bull spread or ratio spread strategy with a mild bullish view can be adopted [3] 3. Summary by Relevant Catalogs 3.1 Option Indicators - **ETF and Index Performance**: On December 26, 2025, the 50ETF rose 0.42% to 3.120; the 300ETF (Shanghai Stock Exchange) rose 0.38% to 4.784; the 300ETF (Shenzhen Stock Exchange) rose 0.41% to 4.860; the CSI 300 Index rose 0.32% to 4657.24; the CSI 1000 Index rose 0.35% to 7605.53; the 500ETF (Shanghai Stock Exchange) rose 0.61% to 7.580; the 500ETF (Shenzhen Stock Exchange) rose 0.57% to 2.991; the GEM ETF rose 0.12% to 3.226; the SZSE 100ETF rose 0.29% to 3.485; the SSE 50 Index rose 0.41% to 3045.40; the STAR 50ETF fell 0.21% to 1.42; the E Fund STAR 50ETF fell 0.15% to 1.37 [5] - **Volume PCR and Position PCR**: The volume PCR and position PCR of various options on December 26, 2025, showed different changes compared with the previous trading day. For example, the volume PCR of SSE 50ETF options was 87.56 (previous day: 112.71), and the position PCR was 97.69 (previous day: 96.89) [6] - **Implied Volatility and Historical Volatility**: The implied volatility and 30 - day historical volatility of 2026 January at - the - money options of various options were reported. For instance, the implied volatility of SSE 50ETF options was 11.49%, and the 30 - day historical volatility of the underlying was 10.75% [7] 3.2 Relevant Charts - **SSE 50ETF Options**: The report includes charts of the SSE 50ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [9][11][13] - **SSE 300ETF Options**: Charts of the SSE 300ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms are presented [21][23][25] - **SZSE 300ETF Options**: There are charts of the SZSE 300ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [34][36][38] - **CSI 300 Index Options**: The report provides charts of the CSI 300 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [46][48][49] - **CSI 1000 Index Options**: Charts of the CSI 1000 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms are included [54][57][59] - **SSE 500ETF Options**: The relevant charts cover the SSE 500ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [65][67][69] - **SZSE 500ETF Options**: There are charts of the SZSE 500ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [78][80][82] - **GEM ETF Options**: The report shows charts of the GEM ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [91][92][93] - **SZSE 100ETF Options**: Charts of the SZSE 100ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms are provided [104][106][108] - **SSE 50 Index Options**: The relevant charts include the SSE 50 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [116][118][120] - **STAR 50ETF Options**: There are charts of the STAR 50ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [129][131][132] - **E Fund STAR 50ETF Options**: The report presents charts of the E Fund STAR 50ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and implied volatility of at - the - money options for different terms [137][139][141]

先锋期货期权日报 2025-12-26 风险揭示 本报告中的信息或所表述的意见并不构成对任何人的投资建议。本报告所载 的资料、工具、意见及推测只提供给客户作参考之用。过去的表现并不代表未来 的表现，未来的回报也无法保证，投资者可能会损失本金。 在任何情况下，我们不对任何人因使用本报告中的任何内容所引致的任何损 失负任何责任，投资者需自行承担风险。此报告中所指的投资及服务可能不适合 阁下，我们建议阁下如有任何疑问应咨询独立投资顾问。 | 标 的 | 平值期权隐 | 排 名 | 标的30天历 | 排 名 | 标的当日 | 排 名 | | --- | --- | --- | --- | --- | --- | --- | | | 含波动率 | | 史波动率 | | 真实波幅 | | | ag2602 | 4.3% | 1 | 2.6% | 4 | 7.2% | 3 | | pt2606 | 4.0% | 2 | 3.4% | 2 | 3.2% | 14 | | lc2602 | 4.0% | 3 | 2.9% | 3 | 6.0% | 4 | | pd2606 | 3.9% | 4 | 3.8% | 1 | 12. ...

F03118729、F3013727 期货从业证号： 研究所 农产品研发报告 农产品日报 2024 年 12 月 25 日 研究员：王玺圳、刘倩楠 投资咨询证号： Z0022817、Z0014425 联系方式： :wangxizhen_qh@chin astock.com.cn 棉花、棉纱日报 第一部分 市场信息 | 期货盘面 | 收盘 | 涨跌幅 | 成交量(手) | 增减幅 | 空盘量 | 增减量 | | --- | --- | --- | --- | --- | --- | --- | | CF01合约 | 14295 | 85 | 48,165 | 3561 | 155,084 | -14309 | | CF05合约 | 14255 | 75 | 297,416 | 55610 | 835,075 | 20504 | | CF09合约 | 14430 | 85 | 18,800 | 6440 | 43,382 | 3227 | | CY01合约 | 20190 | 65 | 85 | 70 | 819 | -40 | | CY05合约 | 20385 | 135 | 38 | 9 | 112 | 4 ...

It's that time of the year again, when investors are rebalancing their portfolios and setting new strategies for the year ahead. We already dove into the best Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) stocks of 2025, but now it's time to talk about the elephant in the room: the underperformers.The worst performer on the Dow this year is UnitedHealth Group Inc (NYSE:UNH). The healthcare company has been mired in controversy since December 2024, following the murder of CEO Brian Thompson. A s ...