Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - The trading volume of financial options reached 13.42 million contracts, indicating relatively active trading in the financial options market. The trading volume of most varieties' PCR ratios was significantly lower than 1, suggesting that the call options in the options market were more popular than the put options [1][3]. - The IV of SSE CSI 500 ETF options increased by 0.11%. On the SSE, the VIX indices of various ETF options rose to varying degrees, while on the CFFEX, the VIX index of CSI 1000 index options decreased by 0.28% [1][3]. 3. Summary by Directory 3.1. Market Quick Overview - **Trading Volume and Open Interest**: The report provides the closing price, price change, option trading volume, option open interest, trading volume PCR, and open interest PCR of multiple options, including SSE SSE 50 ETF, SSE CSI 300 ETF, etc. [9]. - **Volatility**: It presents the implied volatility index (VIX), IV price change, skewness index (SKEW), historical volatility (30 - day and 90 - day), and the difference between implied and historical volatility of multiple options. For example, the VIX of SSE SSE 50 ETF options was 17.65, with an IV increase of 0.06% [10]. 3.2. Product Research - **SSE SSE 50 ETF Options**: Various charts are provided, including the volatility smile curve, volatility term structure, VIX index, SKEW index, trading volume PCR, and open interest PCR [16]. - **SSE CSI 300 ETF Options**: Similar to the above, relevant charts for SSE CSI 300 ETF options are presented [19]. - **SSE CSI 500 ETF Options**: Charts such as the volatility smile curve, volatility term structure, etc., are included [23]. - **SSE STAR 50 ETF Options**: The report shows the volatility smile curve, volatility term structure, and other related information [26]. - **SSE STAR - BOARD 50 ETF Options**: Relevant charts for SSE STAR - BOARD 50 ETF options are provided [30]. - **SZSE CSI 300 ETF Options**: Information on volatility smile curve, volatility term structure, etc., is given [33]. - **SZSE CSI 500 ETF Options**: The report presents various charts related to SZSE CSI 500 ETF options [36].