Core Views - The financial options implied volatility index reflects the 30 - day implied volatility trend as of the previous trading day, and the commodity options implied volatility index is obtained by weighting the implied volatilities of the two - strike prices above and below the at - the - money option of the main contract month, reflecting the implied volatility change trend of the main contract [3] - The difference between the implied volatility index and historical volatility indicates the relative level of implied volatility to historical volatility. A larger difference means higher implied volatility relative to historical volatility, and a smaller difference means lower implied volatility relative to historical volatility [3] - The implied volatility quantile represents the current implied volatility level of a variety in history. A high quantile means the current implied volatility is high, while a low quantile means it is low. The volatility spread is the implied volatility index minus the historical volatility [5] Summary by Related Content Implied Volatility Index, Historical Volatility and Their Spread Chart - The chart shows the implied volatility (IV), historical volatility (HV) and their differences (IV - HV) of various financial and commodity options, including 300 - stock index, 50ETF, 1000 - stock index, 500ETF, silver, gold, soybean meal, corn, sugar, cotton, methanol, rubber, iron ore, PTA, copper, crude oil, aluminum, PVC, rebar, zinc, urea, palm oil, etc [4] Implied Volatility Quantile and Volatility Spread Quantile Ranking Chart - The chart presents the implied volatility quantile ranking and historical volatility quantile ranking of different varieties such as 300 - stock index, 50ETF, PTA, methanol, PVC, iron ore, cotton, etc [5][6]

Report Summary Core View - The report provides daily volatility data, including implied volatility indices, historical volatility, and their spread trends for various financial and commodity options [3]. Details by Category Implied Volatility Index and Historical Volatility - Financial option implied volatility indices reflect the 30 - day implied volatility (IV) trend as of the previous trading day, while commodity option implied volatility indices are weighted by the IV of the two - strike prices above and below the at - the - money option of the main contract, showing the IV change trend of the main contract [3]. - The difference between the implied volatility index and historical volatility (HV) indicates the relative level of IV to HV, with a larger difference meaning higher IV relative to HV and vice versa [3]. Implied Volatility and Historical Volatility Charts - The report presents charts showing the IV, HV, and IV - HV spreads for multiple options such as 300 Index, 50ETF, 1000 Index, 500ETF, and various commodity options like corn, sugar, cotton, etc. [4]. Implied Volatility Quantile and Volatility Spread Quantile Ranking - Implied volatility quantiles represent the current level of a variety's IV in history. A high quantile means the current IV is high, and a low quantile means it is low. Volatility spread is the difference between the implied volatility index and historical volatility [5]. - The report shows the ranking of implied volatility quantiles and historical volatility quantiles for different options, including 300 Index, 50ETF, corn, PTA, etc. [6]

Report Summary 1. Core Concepts - The implied volatility index of financial options reflects the 30 - day implied volatility trend as of the previous trading day. The implied volatility index of commodity options is obtained by weighting the implied volatilities of the two - strike options above and below the at - the - money option of the main contract month, reflecting the implied volatility change trend of the main contract [3] - The difference between the implied volatility index and historical volatility: a larger difference indicates that the implied volatility is relatively higher than historical volatility, while a smaller difference means the opposite [3] - The implied volatility quantile represents the current level of the implied volatility of a variety in history. A high quantile means the current implied volatility is high, and a low quantile means it is low. The volatility spread is the implied volatility index minus the historical volatility [5] 2. Implied Volatility and Historical Volatility Data - The report presents the implied volatility (IV), historical volatility (HV), and their differences (IV - HV) of various financial and commodity options, including 300股指, 50ETF, 1000股指, 500ETF, silver, Shanghai gold, soybean meal, corn, sugar, cotton, methanol, rubber, iron ore, PTA, crude oil, aluminum, PVC, rebar, zinc, urea, palm oil, etc. [4] 3. Implied Volatility Quantile and Volatility Spread Quantile Ranking - Implied volatility quantile ranking: 50ETF (0.65), 300股指 (0.78 for one and 0.52 for another), PTA (0.32 and 0.38), cotton (0.14 and 0.22), iron ore (0.07), PVC (0.20), etc. [6]

Group 1: Volatility Index Explanation - Financial option implied volatility index reflects the 30 - day implied volatility (IV) trend as of the previous trading day, and the commodity option implied volatility index is obtained by weighting the IV of the two - strike options above and below the at - the - money option of the main contract, reflecting the IV change trend of the main contract [3] - The difference between the IV index and historical volatility (HV) indicates the relative level of IV to HV. A larger difference means IV is relatively higher, and a smaller difference means IV is relatively lower [3] Group 2: Volatility Data Graphs - The graphs show the IV, HV, and IV - HV differences of various financial and commodity options, including 300 Index, 50ETF, 1000 Index, 500ETF, silver, gold, soybean meal, corn, sugar, cotton, methanol, rubber, iron ore, PTA, crude oil, aluminum, PVC, rebar, zinc, urea, palm oil, and rapeseed oil [4] Group 3: Implied Volatility and Volatility Spread Quantiles - Implied volatility quantiles represent the current level of a variety's IV in history. A high quantile means the current IV is high, and a low quantile means the current IV is low. Volatility spread is the difference between the IV index and HV [5] - The implied volatility quantile rankings are as follows: 300 Index (0.83), 50ETF (0.74), PTA (0.19), etc., and the historical volatility quantile rankings are also presented [6]