1. Report Industry Investment Rating - Not provided 2. Core Viewpoints of the Report - The short - term risk preference of the stock market is cautiously optimistic, and the stock index will mainly consolidate in a range. Although there are short - term disturbances such as the sharp fluctuations of silver and the weakening of macro - economic indicators, the long - term upward trend of the stock index is supported by policy - side favorable expectations and the continuous net inflow of incremental funds [1][5] 3. Summary According to Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is "oscillation", the medium - term view is "oscillation", the intraday view is "bullish", and the reference view is "oscillation and consolidation". The core logic is that the risk preference of the stock market is cautiously optimistic [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The intraday view of IF, IH, IC, and IM is "bullish", the medium - term view is "oscillation", and the reference view is "oscillation and consolidation". The core logic is that last Friday, each stock index oscillated and slightly pulled back. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2163.5 billion yuan, a decrease of 30.8 billion yuan from the previous day. The sharp fluctuations of silver disturbed the market sentiment, and the willingness of funds to take profits and leave the market increased, resulting in a continuous contraction of the trading volume of the stock market. In the short term, the macro - economic indicators have weakened, and the pressure of "weak reality" has increased. Coupled with the weakening of risk preference caused by silver and the clear signal of risk control from the regulatory authorities, the stock market sentiment is cautious. However, the sharp fluctuations of precious metals are short - term disturbances from external factors, and the repair of the stock market risk preference will eventually return to its own fundamentals. The favorable expectations on the policy side and the continuous net inflow of incremental funds into the stock market remain unchanged, which constitute the core logic for the long - term upward movement of the stock index [5]

Group 1: Report's Investment Rating of the Industry - No information provided about the industry investment rating Group 2: Core Viewpoints of the Report - The short - term view of the stock market risk preference is cautious, and the stock index will mainly fluctuate and consolidate. In the long - run, the logic of the stock index's upward movement is relatively reliable due to favorable policy expectations and the continuous net inflow of incremental funds into the stock market. However, in the short - term, the "weak reality" pressure of the macro - economy and the weakening of risk preference caused by silver have led to a cautious turn in the stock market sentiment [5] Group 3: Summaries According to Relevant Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector - For the IH2603 variety, the short - term view is "fluctuation", the medium - term view is "fluctuation", the intraday view is "relatively strong", the reference view is "fluctuation and consolidation", and the core logic is that the risk preference of the stock market is cautiously optimistic [1] 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is "relatively strong", the medium - term view is "fluctuation", the reference view is "fluctuation and consolidation". Yesterday, the stock indexes fluctuated and pulled back. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2194.3 billion yuan, a decrease of 309 billion yuan from the previous day. The sharp decline of silver weakened the market risk preference, making stock market funds more cautious and increasing the willingness of funds to take profits and leave the market, resulting in continuous shrinkage of trading volume. In the long - run, the positive policy expectations and the continuous net inflow of incremental funds into the stock market remain unchanged. But in the short - term, the "weak reality" pressure of the macro - economy and the weakening of risk preference caused by silver have led to a cautious turn in the stock market sentiment. Future attention should be paid to the implementation rhythm of policy benefits and the flow of funds [5]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core Viewpoints of the Report - The short - term risk preference of the stock market is cautiously optimistic, and the stock index will mainly fluctuate and consolidate. In the long - term, the logic of the upward movement of the stock index is relatively solid due to favorable policy expectations and the continuous net inflow of incremental funds. In the short - term, due to the weakening of macro - economic indicators, the "weak reality" pressure appears, and the willingness of the capital side to take profits and leave the market has increased, resulting in a decrease in trading volume. [1][5] Group 3: Summary by Related Catalogs 1. Variety Viewpoint Reference - Financial Futures Stock Index Sector - For IH2603, the short - term view is "oscillation", the medium - term view is "oscillation", the intraday view is "bullish", and the reference view is "oscillation and consolidation". The core logic is that the risk preference of the stock market is cautiously optimistic. [1] 2. Price and Market Driving Logic of Main Varieties - Financial Futures Stock Index Sector - The varieties include IF, IH, IC, and IM. The intraday view is "bullish", the medium - term view is "oscillation", and the reference view is "oscillation and consolidation". The core logic is that the stock indexes oscillated and consolidated yesterday. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2503.3 billion yuan, a decrease of 62.4 billion yuan from the previous day. In the long - term, the upward logic of the stock index is solid. In the short - term, there is "weak reality" pressure, and the capital side has a stronger willingness to take profits and leave the market. As the sentiment in the commodity market recovers, the risk preference of the stock market returns to its fundamental logic. [5]

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - The short - term risk preference of the stock market is cautiously optimistic, and the stock index will mainly fluctuate and consolidate. In the short - term, the upward driving force of the stock market is still weak, and the capital side is difficult to form a consensus. However, in the long - term, the positive policy expectations and the continuous inflow of incremental funds into the stock market remain unchanged, and the logic of the stock index's upward movement in the long - run is relatively reliable [5] Group 3: Summary of Key Points by Category 1. Variety View Reference - Financial Futures Stock Index Sector - For the IH2603 variety, the short - term view is "oscillation", the medium - term view is "oscillation", the intraday view is "strong - biased", and the overall view is "oscillating and consolidating". The core logic is that the valuation has increased rapidly, the stock index is oscillating and consolidating, and the demand is rising [1] 2. Price and Market Driving Logic of Main Varieties - Financial Futures Stock Index Sector - The varieties are IF, IH, IC, and IM. The intraday view is "strong - biased", the medium - term view is "oscillation", and the reference view is "oscillating and consolidating". The core logic is that the stock indexes oscillated and rose yesterday. The trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2565.6 billion yuan, a decrease of 41 billion yuan from the previous day. With the stabilization of gold and commodity prices, the resource cycle sector rebounded, and the risk preference of the stock market was restored. This rebound is a technical correction of the previous over - decline caused by the weakening of risk preference due to the sharp correction in the commodity market. Currently, the trading volume of the stock market is still shrinking, indicating that the upward driving force of the stock market is still weak. Due to the weakening of macro - economic indicators and the "weak reality" pressure, combined with the fact that the increase in the stock rebound is mainly contributed by the valuation side, the willingness of the capital side to take profits and leave the market has increased, and it is difficult for the capital side to form a consensus in the short term [5]

Report Summary 1. Report Investment Rating - No investment rating information is provided in the report. 2. Core View - The macro - economic indicators show strong resilience, combined with positive policy expectations and the trend of capital inflow, which form the supporting force for stock index futures. After the holiday, as market liquidity returns and policy benefits further ferment, the risk appetite of the stock market is expected to continue to rise [6]. 3. Summary by Relevant Contents Market Review - Last week, the four stock index futures varieties showed an oscillatory consolidation trend, with relatively large adjustment ranges for the Shanghai 50 and CSI 300. The basis discount depth of the four stock index futures varieties deepened, and all the main contracts maintained a futures discount mode. The futures - spot basis of the main contracts were IH at - 6.1, IF at - 30.1, IC at - 102.8, and IM at - 159.1 [4]. - The A - share market as a whole oscillated and consolidated last week. Although the Shanghai Composite Index failed to extend its nine - day consecutive rise, the overall market performance remained stable. The commercial aerospace sector, where funds were most concentrated, had a significant adjustment but maintained good order. The emerging robot sector did not have a very negative impact on the commercial aerospace sector. The non - ferrous metals sector opened lower due to short - term sharp fluctuations in futures but quickly recovered and some leading varieties hit new highs. Market hotspots were spreading rather than simply switching, and the trading volume remained above 2 trillion for three consecutive days, indicating substantial support from trading volume [4]. Comprehensive Analysis - In terms of macro - economy, the manufacturing PMI in December was 50.1%, up 0.9 percentage points from the previous month, rising to the expansion range [5]. - Overseas, on January 3, 2026 (local time), the US military launched a military strike on Venezuela, which had limited impact on the equity market and commodities in the short term [6].

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints - The overall view on financial futures in the stock index sector is oscillating with a slight upward bias. For IH2603, it is expected to be oscillating in the short - and medium - term, and showing a slight upward trend intraday. For IF, IH, IC, and IM, the intraday view is slightly upward, and the medium - term view is oscillating, with an overall view of oscillating with a slight upward bias [1][5]. - In the short term, the stock index will maintain range - bound oscillations. Although it faced technical resistance when approaching the previous high and pulled back after rising, in the long run, the positive policy expectations and the net inflow of funds will support the stock index. As policy expectations ferment and the demand for long - term funds to allocate A - shares increases, the risk appetite in the stock market will gradually rise [5]. 3. Summary by Related Catalogs 3.1 Variety Viewpoint Reference - Financial Futures Stock Index Sector | Variety | Short - term | Medium - term | Intraday | Viewpoint Reference | Core Logic Summary | | --- | --- | --- | --- | --- | --- | | IH2603 | Oscillating | Oscillating | Slightly upward | Oscillating with a slight upward bias | Unchanged positive policy expectations and net inflow of funds [1] | 3.2 Main Variety Price Market Driving Logic - Financial Futures Stock Index Sector - **Varieties**: IF, IH, IC, IM - **Intraday View**: Slightly upward; **Medium - term View**: Oscillating; **Reference View**: Oscillating with a slight upward bias - **Core Logic**: The stock indexes oscillated and declined yesterday. The total trading volume of the stock market was 2157.7 billion yuan, a decrease of 23.4 billion yuan from the previous day. As the stock index approached the previous high, it faced technical resistance and pulled back after rising. In the short term, attention should be paid to the pace of capital entry. In the long term, positive policy expectations and the net inflow of funds support the stock index. As policy expectations ferment and the demand for long - term funds to allocate A - shares increases, the risk appetite in the stock market will gradually rise [5].

Report Summary 1. Hot News - Li Qiang chaired a meeting of the leading group for the compilation of the Outline Draft of the 15th Five - Year Plan, emphasizing the planning of major projects to boost future development and current economic stability [2] - The People's Bank of China kept the one - year and five - year Loan Prime Rates (LPR) unchanged at 3% and 3.5% respectively for seven consecutive months [2] - Four futures exchanges will temporarily exempt certain handling fees for most futures varieties from January 1, 2026, to December 31, 2026, and the China Financial Futures Exchange will halve some handling fees [2] - Federal Reserve Governor Milan said the need for a 50 - basis - point interest rate cut has weakened [2] - US President Trump will meet with senior national security officials, and Russia's Foreign Ministry is evacuating the families of diplomats in Venezuela [2] 2. Sector Performance - Key sectors to watch: silver, rapeseed oil, ethylene glycol, Shanghai nickel, and PVC [3] - Night trading performance: different commodity futures sectors showed varying degrees of increase, with the precious metals sector leading at 33.87%, followed by the non - ferrous metals sector at 24.53%, and the coal, coke, steel, and ore sector at 10.46% [3] 3. Sector Positions - The chart shows the changes in commodity futures sector positions in the past five days, but specific data is not described in text [4] 4. Performance of Major Asset Classes | Asset Class | Name | Daily Return (%) | Monthly Return (%) | Annual Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 0.69 | 0.74 | 16.87 | | | SSE 50 | 0.53 | 1.70 | 12.49 | | | CSI 300 | 0.95 | 1.88 | 17.20 | | | CSI 500 | 1.20 | 3.19 | 26.72 | | | S&P 500 | 0.64 | 0.43 | 16.95 | | | Hang Seng Index | 0.43 | - 0.22 | 28.62 | | | German DAX | - 0.05 | 1.85 | 21.94 | | | Nikkei 225 | 1.81 | 0.30 | 26.34 | | | UK FTSE 100 | - 0.32 | 1.50 | 20.71 | | Fixed - income | 10 - year Treasury Bond Futures | - 0.09 | 0.04 | - 0.87 | | | 5 - year Treasury Bond Futures | - 0.06 | 0.11 | - 0.64 | | | 2 - year Treasury Bond Futures | - 0.02 | 0.08 | - 0.50 | | Commodity | WTI Crude Oil | 2.49 | - 0.80 | - 19.45 | | | London Spot Gold | 2.37 | 5.34 | 69.35 | | | LME Copper | 0.25 | 6.58 | 35.64 | | | Wind Commodity Index | 4.40 | 12.78 | 50.89 | | Other | US Dollar Index | - 0.46 | - 1.19 | - 9.42 | | | CBOE Volatility Index | 0.00 | - 8.81 | - 14.06 | [5] 5. Stock Market Risk Preference and Commodity Trends - The report presents charts of stock market risk preference and major commodity trends, including the Baltic Dry Index, CRB Spot Index, WTI crude oil, London spot gold and silver, LME copper, and agricultural futures, but specific data is not described in text [6]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - On December 12, 2025, all stock indices oscillated and rebounded. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets was 2.12 trillion yuan, an increase of 233.5 billion yuan from the previous day [3]. - The Central Economic Work Conference pointed out that in 2026, China will continue to implement a more proactive fiscal policy and a moderately loose monetary policy. The key tasks for next year are to focus on domestic demand and build a strong domestic market, and to adhere to innovation - driven development and cultivate new growth drivers. Policy benefits in expanding domestic demand and supporting technological innovation will continue and intensify, which will play a positive role in stabilizing total economic demand and promoting structural transformation and upgrading. The risk appetite of the stock market has recovered, driving the stock index to rebound [3]. - External risk factors have eased, and the domestic liquidity environment is relatively loose. In the short term, the risk appetite of the stock market is relatively positive and optimistic. Overall, the expectation of policy benefits is gradually fermenting, and the stock index will be mainly oscillating and strengthening in the short term [3]. - For options, considering the long - term upward trend of the stock index, a bull spread or ratio spread strategy with a moderately bullish view can be adopted [3]. Summary by Relevant Catalogs 1 Option Indicators - **ETF and Index Performance**: On December 12, 2025, 50ETF rose 0.45% to 3.134; 300ETF (Shanghai Stock Exchange) rose 0.56% to 4.694; 300ETF (Shenzhen Stock Exchange) rose 0.55% to 4.766; the CSI 300 Index rose 0.63% to 4580.95; the CSI 1000 Index rose 0.81% to 7370.94; 500ETF (Shanghai Stock Exchange) rose 1.17% to 7.285; 500ETF (Shenzhen Stock Exchange) rose 1.20% to 2.872; the ChiNext ETF rose 0.89% to 3.174; the Shenzhen 100ETF rose 0.58% to 3.449; the SSE 50 Index rose 0.59% to 2994.64; the STAR 50ETF rose 1.87% to 1.42; and the E Fund STAR 50ETF rose 1.63% to 1.37 [5]. - **Volume and Position PCR**: The report provides the volume PCR and position PCR of various options on December 12, 2025, and their values on the previous trading day, including 50ETF options, SSE 300ETF options, etc [6]. - **Implied Volatility and Historical Volatility**: The report presents the implied volatility of at - the - money options in December 2025 and the 30 - trading - day historical volatility of the underlying assets for various options, such as 50ETF options, SSE 300ETF options [7][8]. 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 at - the - money implied volatility of different tenors [9][10][11]. - **SSE 300ETF Options**: There are charts of the SSE 300ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [20][21][22]. - **SZSE 300ETF Options**: Charts cover the SZSE 300ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [32][33][34]. - **CSI 300 Index Options**: The report shows charts of the CSI 300 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [44][45][46]. - **CSI 1000 Index Options**: There are charts of the CSI 1000 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [57][58][59]. - **SSE 500ETF Options**: Charts include the SSE 500ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [71][72][73]. - **SZSE 500ETF Options**: The report provides charts of the SZSE 500ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [84][85][86]. - **ChiNext ETF Options**: There are charts of the ChiNext ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [97][98][99]. - **Shenzhen 100ETF Options**: The report shows charts of the Shenzhen 100ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [110][111][112]. - **SSE 50 Index Options**: Charts cover the SSE 50 index trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [123][124][125]. - **STAR 50ETF Options**: There are charts of the STAR 50ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [136][137][138]. - **E Fund STAR 50ETF Options**: The report provides charts of the E Fund STAR 50ETF trend, option volatility, volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of different tenors [145][146][147].

Hot News - In October, the wholesale sales of new energy passenger vehicles reached 1.621 million, a year-on-year increase of 18.5% and a month-on-month increase of 8.5%. From January to October, the cumulative wholesale was 12.058 million, a growth of 29.9% [4]. - Since 13:01 on November 10, 2025, China has suspended the implementation of countermeasures against the US Section 301 investigation on the maritime, logistics, and shipbuilding industries for one year [4]. - In October, Malaysia's palm oil inventory was 2,464,452 tons, a month-on-month increase of 4.44%, and the palm oil production was 2,043,886 tons, a month-on-month increase of 11.02% [4]. - In the first three quarters of 2025, the net inflow of domestic gold ETFs was 79.015 tons, a year-on-year increase of 164.03%. The gold consumption was 682.730 tons, a year-on-year decrease of 7.95%. Among them, gold jewelry consumption was 270.036 tons, a year-on-year decrease of 32.50%; gold bars and coins consumption was 352.116 tons, a year-on-year increase of 24.55%; industrial and other gold consumption was 60.578 tons, a year-on-year increase of 2.72% [4]. - As of November 10, 2025, the total inventory of domestic soda ash manufacturers was 1.7062 million tons, a decrease of 0.008 million tons from last Thursday, a decline of 0.47%. Among them, the inventory of light soda ash was 0.7977 million tons, a month-on-month decrease of 0.0169 million tons, and the inventory of heavy soda ash was 0.9085 million tons, a month-on-month increase of 0.0089 million tons [4]. Plate Performance - Key focus: Soda ash, glass, coking coal, SHFE copper, SHFE gold [5]. - Night session performance: Non-metallic building materials rose 3.25%, precious metals rose 29.09%, oilseeds rose 9.52%, non-ferrous metals rose 23.21%, soft commodities rose 2.72%, coal, coke, steel and minerals rose 13.02%, energy rose 2.90%, chemicals rose 11.18%, grains rose 1.20%, and agricultural and sideline products rose 3.90% [5]. Large - Class Asset Performance | Category | Name | Daily Return (%) | Monthly Return (%) | Year - to - Date Return (%) | | --- | --- | --- | --- | --- | | Equity | Shanghai Composite Index | 0.53 | Fetching... | 19.90 | | | SSE 50 | 0.51 | -0.12 | 13.75 | | | CSI 300 | 0.35 | -0.29 | 19.32 | | | CSI 500 | 0.22 | -1.39 | 28.26 | | | S&P 500 | 1.54 | -0.64 | 16.17 | | | Hang Seng Index | 1.55 | 0.11 | 32.85 | | | German DAX | 1.65 | 0.38 | 20.35 | | | Nikkei 225 | 1.26 | -4.20 | 27.62 | | | FTSE 100 | 1.08 | 0.62 | 19.75 | | Fixed - Income | 10 - year Treasury Bond Futures | 0.01 | -0.18 | -0.40 | | | 5 - year Treasury Bond Futures | 0.02 | -0.12 | -0.56 | | | 2 - year Treasury Bond Futures | -0.00 | -0.07 | -0.49 | | Commodity | CRB Commodity Index | 1.38 | -0.09 | 2.81 | | | WTI Crude Oil | 0.47 | -2.09 | -16.53 | | | London Spot Gold | 2.88 | -0.57 | 56.84 | | | LME Copper | 1.47 | -1.46 | 23.83 | | | Wind Commodity Index | 1.61 | -2.67 | 30.21 | | Other | US Dollar Index | 0.07 | 0.43 | -8.17 | | | CBOE Volatility Index | 0.00 | 3.27 | 9.97 | [7]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - On October 29, 2025, all stock indices fluctuated and rose. The total trading volume of the Shanghai, Shenzhen, and Beijing stock markets throughout the day was 2.2907 trillion yuan, an increase of 125.4 billion yuan compared to the previous day. The stock market rebounded with increased volume, and the Shanghai Composite Index broke through 4000 points, indicating a rapid rise in the risk appetite of stock market investors [4]. - Due to the policy emphasis on significantly improving the level of scientific and technological self - reliance during the "15th Five - Year Plan" period, and the mention of 4 emerging industries and 6 future industries in the suggestions of the "15th Five - Year Plan", the policy利好 expectations for the technology industry are fermenting. In addition, with the conclusion of the China - US economic and trade talks and the news of the China - US presidential meeting, the external uncertainty risk factors are gradually easing. The internal policy利好 expectations and the easing of external risk factors jointly drive the continuous upward movement of the stock market risk appetite [4]. - However, there are fewer incremental policies in November, and there is still a possibility of a technical correction in the stock indices. In general, the future trend of the market mainly depends on the game between the fermentation rhythm of policy利好 expectations and the profit - taking rhythm of funds. In the short term, the stock indices will mainly fluctuate widely [4]. - Currently, the implied volatility of options remains relatively stable. Considering the long - term upward trend of the stock indices, the strategy of bull spread or covered call is maintained [4]. 3. Summary by Related Catalogs 3.1 Option Indicators - On October 29, 2025, the 50ETF rose 0.44% to close at 3.210; the 300ETF (Shanghai Stock Exchange) rose 1.25% to close at 4.862; the 300ETF (Shenzhen Stock Exchange) rose 1.17% to close at 5.013; the CSI 300 Index rose 1.19% to close at 4747.84; the CSI 1000 Index rose 1.20% to close at 7569.12; the 500ETF (Shanghai Stock Exchange) rose 2.06% to close at 7.594; the 500ETF (Shenzhen Stock Exchange) rose 2.05% to close at 3.031; the GEM ETF rose 2.96% to close at 3.300; the Shenzhen 100ETF rose 2.00% to close at 3.677; the SSE 50 Index rose 0.41% to close at 3063.02; the STAR 50ETF rose 1.29% to close at 1.57; the E Fund STAR 50ETF rose 1.27% to close at 1.52 [6]. - The trading volume PCR and position PCR of various options on October 29, 2025, and their changes compared to the previous trading day are provided in detail, for example, the trading volume PCR of the SSE 50ETF option was 93.07 (previous trading day: 93.02), and the position PCR was 97.12 (previous trading day: 97.23) [7]. - The implied volatility of the at - the - money options in November 2025 and the 30 - trading - day historical volatility of the underlying assets of various options are provided, such as the implied volatility of the at - the - money options of the SSE 50ETF option in November 2025 was 14.78%, and the 30 - trading - day historical volatility of the underlying asset was 12.75% [8]. 3.2 Related Charts - **SSE 50ETF Option**: Charts include the SSE 50ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [10][12][14][19]. - **SSE 300ETF Option**: Charts cover the SSE 300ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [22][24][26][32]. - **SZSE 300ETF Option**: Charts involve the SZSE 300ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [35]. - **CSI 300 Index Option**: Charts include the CSI 300 index trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [38]. - **CSI 1000 Index Option**: Charts cover the CSI 1000 index trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [40]. - **SSE 500ETF Option**: Charts involve the SSE 500ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [54]. - **SZSE 500ETF Option**: Charts include the SZSE 500ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [69]. - **GEM ETF Option**: Charts cover the GEM ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [83]. - **Shenzhen 100ETF Option**: Charts involve the Shenzhen 100ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [96]. - **SSE 50 Index Option**: Charts include the SSE 50 index trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [109]. - **STAR 50ETF Option**: Charts cover the STAR 50ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [122]. - **E Fund STAR 50ETF Option**: Charts involve the E Fund STAR 50ETF trend, option volatility, trading volume PCR, position PCR, implied volatility curve, and at - the - money implied volatility of each term [133].