新能源期权 2026/03/30 新能源期权早报 李立勤 投研高级经理 黄柯涵 期权研究员 从业资格号: F3074095 从业资格号：F03138607 交易咨询号: Z0017896 邮箱：lilq@wkqh.cn | 期权因子-压力支撑 | 期权品种 | 标的合约 | 平值行权价 | 压力位 | 支撑位 | 加权隐波率 | 加权隐波率变化 | 年平均隐波率 | HISV20 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | LC（碳酸锂期权） | lc2605 | 168000 | 208000 | 120000 | 74.53% | 3.70% | 47.34% | 63.94% | | 行情解读与策略建议 邮箱：huangkh@wkqh.cn 电话: 0755-23375252 碳酸锂 (LC) - 市场数据与策略建议 2026-03-30 ▌标的期货市场数据 | 期权品种 | 标的合约 | | 品与2017 01 C LTAL | 231/ ロリード | 灰量(元宵) | | 持仓量(万 | A 215/1 | | --- | ...

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core Viewpoints - The report analyzes the market conditions of three new - energy option varieties: lithium carbonate (LC), polysilicon (PS), and industrial silicon (SI), including their futures market data, option factors, and provides corresponding option strategy suggestions [7][18][31]. 3. Summary by Related Catalogs Lithium Carbonate (LC) - **Futures Market Data**: The LC2605 contract closed at 159,620 yuan yesterday, up 2,740 yuan (1.74%) from the previous day. The trading volume was 231,813 lots, a decrease of 56,759 lots, and the open interest was 310,683 lots, a decrease of 6,281 lots [4][7]. - **Option Factors**: - **Volume - Open Interest PCR**: For LC call options, the trading volume was 91,668, a decrease of 15,431; the open interest was 121,646, an increase of 3,643. The volume PCR was 0.78 (with a change of 0.18), and the open - interest PCR was 0.89 (with a change of 0.01). For LC put options, the trading volume was 71,199, an increase of 7,134; the open interest was 108,067, an increase of 4,284 [5]. - **Pressure - Support**: The implied volatility of LC options fluctuated above the mean of 0.4566. The option's open - interest PCR was 0.8884, at the 73.47% level in the past year. The pressure level of the LC option underlying was 208,000, and the support level was 100,000 [7]. - **Option Strategy Suggestions**: - **Directional Strategy**: None. - **Volatility Strategy**: Construct a neutral - biased short call + put option combination strategy to obtain option time value. Dynamically adjust positions to keep the delta of the positions neutral. Examples are S_LC2605P144000, S_C23605P15000, S_LC2605C176000, S_LC2605C180000 [8]. Polysilicon (PS) - **Futures Market Data**: The PS2605 contract closed at 41,705 yuan yesterday, down 1,750 yuan (4.02%) from the previous day. The trading volume was 5,856 lots, a decrease of 7,021 lots, and the open interest was 34,647 lots, an increase of 190 lots [15][18]. - **Option Factors**: - **Volume - Open Interest PCR**: For PS call options, the trading volume was 9,735, a decrease of 20,835; the open interest was 35,364, an increase of 1,080. The volume PCR was 0.26 (with a change of 0.15), and the open - interest PCR was 0.47 (with a change of - 0.01). For PS put options, the trading volume was 2,570, a decrease of 1,050; the open interest was 16,730, an increase of 307 [16]. - **Pressure - Support**: The implied volatility of PS options fluctuated above the mean of 0.4394. The option's open - interest PCR was 0.4731, at the 0.00% level in the past year. The pressure level of the PS option underlying was 70,000, and the support level was 35,000 [17][18]. - **Option Strategy Suggestions**: - **Directional Strategy**: None. - **Volatility Strategy**: Construct a short call + put option combination strategy to obtain option time - value returns. Dynamically adjust positions to keep the delta of the positions neutral. Examples are S_PS2605P40000, S_PS2605C45000 [19]. Industrial Silicon (SI) - **Futures Market Data**: The SI2605 contract closed at 8,685 yuan yesterday, down 20 yuan (0.22%) from the previous day. The trading volume was 104,089 lots, a decrease of 26,908 lots, and the open interest was 236,662 lots, a decrease of 1,623 lots [28][31]. - **Option Factors**: - **Volume - Open Interest PCR**: For SI call options, the trading volume was 35,741, a decrease of 9,955; the open interest was 83,577, an increase of 4,399. The volume PCR was 0.2 (with a change of - 0.04), and the open - interest PCR was 0.43 (with a change of - 0.02). For SI put options, the trading volume was 7,280, a decrease of 3,679; the open interest was 35,902, an increase of 415 [29]. - **Pressure - Support**: The implied volatility of SI options fluctuated above the mean of 0.3137. The option's open - interest PCR was 0.4296, at the 35.10% level in the past year. The pressure level of the SI option underlying was 11,000, and the support level was 8,000 [30][31]. - **Option Strategy Suggestions**: - **Directional Strategy**: None. - **Volatility Strategy**: Construct a dynamic short call + put option combination strategy to obtain option time value and directional returns. Dynamically adjust positions to keep the delta of the positions neutral. Examples are S_SL2605P8000, S_SI2605P8200, S_SI2605C8800, S_SI2605C9000 [32].

2026/03/13 新能源期权 新能源期权早报 李立勤 投研高级经理 黄柯涵 期权研究员 从业资格号: F3074095 从业资格号：F03138607 交易咨询号: Z0017896 邮箱：lilq@wkqh.cn 邮箱：huangkh@wkqh.cn 电话: 0755-23375252 碳酸锂 (LC) - 市场数据与策略建议 2026-03-13 ▌标的期货市场数据 | 2017 11 11 | | | | FIAND IN | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | THE FORT FOR | | | | | | （碳酸锌相机）。 | C2605 | 156980 | OCO 1000 | .78% | 219828 | 7510 | 325382 | -5054 | | | | | | | | | | | | 期权因子-量仓PCR | 期权品种 | 成交量 - | 量变化 | 持仓量 | 合変化 | 成交量PCR | 量PCR变化 | 持仓量PCR | 仓PCR变化 | | --- | - ...