股指期权日报 | 2026-01-09 股指期权日报 股指期权市场概况 期权成交量 2026-01-08，上证50ETF期权成交量为106.83万张；沪深300ETF期权（沪市）成交量为110.11万张； 中证500ETF期权（沪市）成交量为162.05万张；深证100ETF期权成交量为4.82万张； 创业板ETF期权成交量为141.52万张；上证50股指期权成交量为4.68万张； 沪深300股指期权成交量为15.12万张；中证1000期权总成交量为35.66万张。 期权PCR 上证50ETF期权成交额PCR报0.71，环比变动为+0.17；持仓量PCR报0.96，环比变动为-0.06； 沪深300ETF期权（沪市）成交额PCR报0.80，环比变动为+0.32；持仓量PCR报1.00，环比变动为-0.05； 中证500ETF期权（沪市）成交额PCR报0.48，环比变动为+0.11；持仓量PCR报1.37，环比变动为+0.07 ； 深圳100ETF期权成交额PCR报0.67 ，环比变动为+0.28；持仓量PCR报1.23；环比变动为-0.23； 创业板ETF期权成交额PCR报0.64，环比变动为+0.12 ；持 ...

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints - No explicit core viewpoints presented in the given content 3. Summary by Directory Option Trading Volume - On January 7, 2026, the trading volume of SSE 50 ETF options was 1.4844 million contracts; the trading volume of CSI 300 ETF options (Shanghai market) was 1.5256 million contracts; the trading volume of CSI 500 ETF options (Shanghai market) was 1.9431 million contracts; the trading volume of Shenzhen 100 ETF options was 0.0828 million contracts; the trading volume of ChiNext ETF options was 1.6736 million contracts; the trading volume of SSE 50 index options was 0.0533 million contracts; the trading volume of CSI 300 index options was 0.2043 million contracts; the total trading volume of CSI 1000 options was 0.3391 million contracts [1] - The detailed breakdown of call and put trading volumes and total trading volumes for various index ETF options on the same day is as follows: for SSE 50 ETF options, call volume was 0.6178 million contracts, put volume was 0.4505 million contracts, and total volume was 1.0683 million contracts; for CSI 300 ETF options (Shanghai market), call volume was 0.6514 million contracts, put volume was 0.4497 million contracts, and total volume was 1.1011 million contracts; for CSI 500 ETF options (Shanghai market), call volume was 0.9397 million contracts, put volume was 0.6809 million contracts, and total volume was 1.6205 million contracts; for Shenzhen 100 ETF options, call volume was 0.0294 million contracts, put volume was 0.0188 million contracts, and total volume was 0.0482 million contracts; for ChiNext ETF options, call volume was 0.9337 million contracts, put volume was 0.7399 million contracts, and total volume was 1.6736 million contracts; for SSE 50 index options, call volume was 0.0146 million contracts, put volume was 0.0387 million contracts, and total volume was 0.0533 million contracts; for CSI 300 index options, call volume was 0.0923 million contracts, put volume was 0.0523 million contracts, and total volume was 0.1512 million contracts; for CSI 1000 index options, call volume was 0.2031 million contracts, put volume was 0.1360 million contracts, and total volume was 0.3391 million contracts [19] Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.54, with a month - on - month change of +0.18; the open interest PCR was reported at 1.01, with a month - on - month change of - 0.06; for CSI 300 ETF options (Shanghai market), the turnover PCR was 0.48, with a month - on - month change of +0.01; the open interest PCR was 1.05, with a month - on - month change of - 0.09; for CSI 500 ETF options (Shanghai market), the turnover PCR was 0.37, with a month - on - month change of +0.02; the open interest PCR was 1.30, with a month - on - month change of - 0.02; for Shenzhen 100 ETF options, the turnover PCR was 0.39, with a month - on - month change of +0.14; the open interest PCR was 1.46, with a month - on - month change of - 0.14; for ChiNext ETF options, the turnover PCR was 0.52, with a month - on - month change of +0.02; the open interest PCR was 1.16, with a month - on - month change of +0.00; for SSE 50 index options, the turnover PCR was 0.23, with a month - on - month change of +0.00; the open interest PCR was 0.76, with a month - on - month change of +0.00; for CSI 300 index options, the turnover PCR was 0.33, with a month - on - month change of +0.08; the open interest PCR was 0.83, with a month - on - month change of +0.01; for CSI 1000 index options, the turnover PCR was 0.36, with a month - on - month change of +0.01; the open interest PCR was 1.12, with a month - on - month change of +0.02 [2][33] Option VIX - The VIX of SSE 50 ETF options was reported at 17.88%, with a month - on - month change of - 0.71%; the VIX of CSI 300 ETF options (Shanghai market) was 18.28%, with a month - on - month change of +0.11%; the VIX of CSI 500 ETF options (Shanghai market) was 23.02%, with a month - on - month change of +0.18%; the VIX of Shenzhen 100 ETF options was 21.43%, with a month - on - month change of +0.59%; the VIX of ChiNext ETF options was 27.75%, with a month - on - month change of - 0.41%; the VIX of SSE 50 index options was 18.19%, with a month - on - month change of - 0.28%; the VIX of CSI 300 index options was 17.99%, with a month - on - month change of +0.14%; the VIX of CSI 1000 index options was 21.63%, with a month - on - month change of - 0.66% [3][48]

Report Industry Investment Rating - No relevant content provided Core Viewpoints - No core viewpoints are explicitly stated in the provided content Summary by Directory Option Trading Volume - On January 6, 2026, the trading volumes of various index options were as follows: Shanghai Stock Exchange 50 ETF option was 1145600 contracts; Shanghai Stock Exchange CSI 300 ETF option was 1190100 contracts; Shanghai Stock Exchange CSI 500 ETF option was 1462800 contracts; Shenzhen Stock Exchange 100 ETF option was 65800 contracts; ChiNext ETF option was 2065000 contracts; Shanghai Stock Exchange 50 index option was 81200 contracts; CSI 300 index option was 153900 contracts; and CSI 1000 option was 364200 contracts [1] - The detailed breakdown of call, put, and total trading volumes for different index ETF options on the same day is presented in Table 1, including Shanghai Stock Exchange 50 ETF option with call volume of 934300 contracts, put volume of 550100 contracts, and total volume of 1484400 contracts; Shanghai Stock Exchange CSI 300 ETF option with call volume of 855100 contracts, put volume of 670500 contracts, and total volume of 1525600 contracts; etc [18] Option PCR - The PCR data of various index options on January 6, 2026, are as follows: For Shanghai Stock Exchange 50 ETF option, the turnover PCR was 0.36 with a -0.22 monthly change, and the open - interest PCR was 1.07 with a -0.02 monthly change; For Shanghai Stock Exchange CSI 300 ETF option, the turnover PCR was 0.47 with a -0.14 monthly change, and the open - interest PCR was 1.14 with a +0.06 monthly change; etc [2][34] Option VIX - The VIX data of various index options on January 6, 2026, are as follows: Shanghai Stock Exchange 50 ETF option VIX was 18.59% with a +3.80% monthly change; Shanghai Stock Exchange CSI 300 ETF option VIX was 18.17% with a +1.70% monthly change; etc [3][49]

Report Industry Investment Rating - Not provided in the content Core Viewpoints - The report presents the trading data of various stock index options on January 5, 2026, including trading volume, PCR, and VIX, to reflect the market situation of stock index options [1][2][3] Summary by Directory 1. Option Trading Volume - On January 5, 2026, the trading volumes of various options were as follows: Shanghai - Shenzhen 300ETF option (Shanghai) was 78.90 million contracts; CSI 500ETF option (Shanghai) was 105.32 million contracts; Shenzhen 100ETF option was 3.50 million contracts; ChiNext ETF option was 169.50 million contracts; SSE 50 stock index option was 5.11 million contracts; Shanghai - Shenzhen 300 stock index option was 10.32 million contracts; and CSI 1000 option was 31.41 million contracts [1] - The detailed breakdown of call, put, and total trading volumes of each option is shown in Table 1 [19] 2. Option PCR - The PCR data of various options and their changes are presented. For example, the turnover PCR of SSE 50ETF option was 0.58, with a month - on - month change of - 0.23; the position PCR was 1.10, with a month - on - month change of + 0.18. Similar data for other options are also provided [2][34] 3. Option VIX - The VIX data of various options and their changes are given. For instance, the VIX of SSE 50ETF option was 14.79%, with a month - on - month change of + 0.35%. The data for other options are also included [3][49]

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints - No clear core viewpoints presented in the given content 3. Summary by Directory Option Trading Volume - On December 31, 2025, the trading volume of SSE 50 ETF options was 581,500 contracts; CSI 300 ETF options (Shanghai market) was 696,100 contracts; CSI 500 ETF options (Shanghai market) was 1,105,100 contracts; Shenzhen 100 ETF options was 36,000 contracts; ChiNext ETF options was 1,264,700 contracts; SSE 50 index options was 26,500 contracts; CSI 300 index options was 98,000 contracts; and CSI 1000 options was 221,900 contracts [1]. - The near - day trading volume details of index ETF options on another table show that the total trading volume of SSE 50 ETF options was 600,100 contracts, CSI 300 ETF options (Shanghai market) was 789,000 contracts, CSI 500 ETF options (Shanghai market) was 1,053,200 contracts, Shenzhen 100 ETF options was 35,000 contracts, ChiNext ETF options was 1,264,700 contracts, SSE 50 index options was 26,500 contracts, CSI 300 index options was 103,200 contracts, and CSI 1000 index options was 221,900 contracts [19]. Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.80 with a month - on - month change of - 0.01; the position PCR was reported at 0.92 with a month - on - month change of - 0.03. Similar data is provided for other options including CSI 300 ETF options (Shanghai market), CSI 500 ETF options (Shanghai market), Shenzhen 100 ETF options, ChiNext ETF options, SSE 50 index options, CSI 300 index options, and CSI 1000 index options [2][34]. Option VIX - The VIX of SSE 50 ETF options was reported at 14.43% with a month - on - month change of - 0.37%; the VIX of CSI 300 ETF options (Shanghai market) was reported at 16.34% with a month - on - month change of - 0.17%. Similar data is provided for other options including CSI 500 ETF options (Shanghai market), Shenzhen 100 ETF options, ChiNext ETF options, SSE 50 index options, CSI 300 index options, and CSI 1000 index options [3][47].

Report Industry Investment Rating - Not provided Core Viewpoints - Not provided Summary by Relevant Catalogs Option Trading Volume - On December 30, 2025, the trading volume of SSE 50 ETF options was 621,100 contracts; CSI 300 ETF options (Shanghai market) was 780,100 contracts; CSI 500 ETF options (Shanghai market) was 1,033,100 contracts; Shenzhen 100 ETF options was 44,300 contracts; ChiNext ETF options was 1,312,900 contracts; SSE 50 index options was 25,100 contracts; CSI 300 index options was 94,800 contracts; and CSI 1000 options was 211,400 contracts [1] - The table shows the call, put, and total trading volumes of various index ETF options on a recent day, such as the total trading volume of SSE 50 ETF options was 581,500 contracts [20] Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.74, with a month - on - month change of +0.10; the position PCR was reported at 0.94, with a month - on - month change of - 0.07. Similar data for other options are also provided [2] - The table presents the turnover PCR, month - on - month change, position PCR, and month - on - month change of various index ETF options on a recent day [34] Option VIX - The VIX of SSE 50 ETF options was reported at 14.23%, with a month - on - month change of +0.34%. Similar data for other options are also provided [3] - The table shows the VIX and month - on - month change values of various index ETF options on a recent day [51]

Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoint No information provided. 3. Summary by Directory I. Option Trading Volume - On December 29, 2025, the trading volume of SSE 50 ETF options was 904,600 contracts; CSI 300 ETF options (Shanghai market) was 1,151,700 contracts; CSI 500 ETF options (Shanghai market) was 1,599,100 contracts; Shenzhen 100 ETF options was 44,800 contracts; ChiNext ETF options was 1,150,700 contracts; SSE 50 index options was 23,500 contracts; CSI 300 index options was 135,800 contracts; and CSI 1000 options was 202,700 contracts [1]. - The table shows the call, put, and total trading volumes of various index ETF options on the same day, such as 317,200 call and 303,900 put contracts for SSE 50 ETF options, with a total of 621,100 contracts [19]. II. Option PCR - The turnover PCR of SSE 50 ETF options was reported at 0.74, with a month - on - month change of +0.10; the open interest PCR was 0.94, with a month - on - month change of - 0.07. Similar data for other options are also provided, like CSI 300 ETF options (Shanghai market) with a turnover PCR of 0.79 (+0.27) and an open interest PCR of 0.92 (-0.02) [2]. - The table presents the turnover PCR, its month - on - month change, open interest PCR, and its month - on - month change for different index ETF options [34]. III. Option VIX - The VIX of SSE 50 ETF options was reported at 14.23%, with a month - on - month change of +0.34%. For other options, such as CSI 300 ETF options (Shanghai market), the VIX was 16.05% (+0.35%). Similar data for other index options are also given [3]. - The table shows the VIX and its month - on - month change for various index ETF options [50].

Report Industry Investment Rating - Not provided Core View - The report provides a daily overview of the stock index options market, including option trading volume, PCR, and VIX data for various types of options on December 26, 2025 [1][2][3] Summary by Directory Option Trading Volume - On December 26, 2025, the trading volume of Shanghai Stock Exchange 50ETF options was 553,000 contracts; the trading volume of CSI 300ETF options (Shanghai market) was 683,500 contracts; the trading volume of CSI 500ETF options (Shanghai market) was 1,265,000 contracts; the trading volume of Shenzhen 100ETF options was 58,500 contracts; the trading volume of ChiNext ETF options was 1,441,900 contracts; the trading volume of Shanghai Stock Exchange 50 stock index options was 35,400 contracts; the trading volume of CSI 300 stock index options was 83,900 contracts; and the total trading volume of CSI 1000 options was 321,200 contracts [1] - The table also shows the call, put, and total trading volumes of different index ETF options on the same day [20] Option PCR - The turnover PCR of Shanghai Stock Exchange 50ETF options was reported at 0.65, with a month - on - month change of - 0.10; the position PCR was reported at 1.01, with a month - on - month change of + 0.02. Similar data are provided for other types of options [2] - A table presents the turnover PCR, month - on - month change, position PCR, and month - on - month change of different index ETF options [36] Option VIX - The VIX of Shanghai Stock Exchange 50ETF options was reported at 13.89%, with a month - on - month change of + 0.48%. Similar data for other types of options are also given [3] - A table shows the VIX and month - on - month change values of different index ETF options [52]

1. Report's Industry Investment Rating - Not provided in the report 2. Report's Core View - The report provides a daily overview of the stock index options market, including option trading volume, PCR, and VIX data for various stock index options on December 25, 2025 [1][2][3] 3. Summary by Relevant Catalog Option Trading Volume - On December 25, 2025, the trading volume of Shanghai - 50 ETF options was 880,800 contracts; CSI 300 ETF options (Shanghai) was 1,015,900 contracts; CSI 500 ETF options (Shanghai) was 1,176,500 contracts; Shenzhen 100 ETF options was 88,300 contracts; GEM ETF options was 1,763,900 contracts; Shanghai - 50 stock index options was 18,800 contracts; CSI 300 stock index options was 94,600 contracts; and CSI 1000 options was 239,600 contracts [1] Option PCR - Shanghai - 50 ETF options: The trading volume PCR was 0.74, with a month - on - month change of +0.19; the open interest PCR was 0.99, with a month - on - month change of - 0.02 [2] - CSI 300 ETF options (Shanghai): The trading volume PCR was 0.55, with a month - on - month change of - 0.06; the open interest PCR was 0.93, with a month - on - month change of - 0.18 [2] - CSI 500 ETF options (Shanghai): The trading volume PCR was 0.54, with a month - on - month change of +0.04; the open interest PCR was 1.10, with a month - on - month change of - 0.22 [2] - Shenzhen 100 ETF options: The trading volume PCR was 0.62, with a month - on - month change of +0.10; the open interest PCR was 1.43, with a month - on - month change of +0.03 [2] - GEM ETF options: The trading volume PCR was 0.73, with a month - on - month change of +0.16; the open interest PCR was 1.11, with a month - on - month change of - 0.39 [2] - Shanghai - 50 stock index options: The trading volume PCR was 0.47, with a month - on - month change of - 0.03; the open interest PCR was 0.66, with a month - on - month change of +0.01 [2] - CSI 300 stock index options: The trading volume PCR was 0.41, with a month - on - month change of - 0.08; the open interest PCR was 0.69, with a month - on - month change of +0.01 [2] - CSI 1000 stock index options: The trading volume PCR was 0.44, with a month - on - month change of - 0.08; the open interest PCR was 0.99, with a month - on - month change of +0.00 [2] Option VIX - Shanghai - 50 ETF options: The VIX was 13.41%, with a month - on - month change of - 0.22% [3] - CSI 300 ETF options (Shanghai): The VIX was 15.20%, with a month - on - month change of - 0.37% [3] - CSI 500 ETF options (Shanghai): The VIX was 19.32%, with a month - on - month change of - 0.26% [3] - Shenzhen 100 ETF options: The VIX was 19.46%, with a month - on - month change of - 0.74% [3] - GEM ETF options: The VIX was 25.06%, with a month - on - month change of +0.16% [3] - Shanghai - 50 stock index options: The VIX was 14.43%, with a month - on - month change of - 0.43% [3] - CSI 300 stock index options: The VIX was 15.94%, with a month - on - month change of - 0.36% [3] - CSI 1000 stock index options: The VIX was 19.09%, with a month - on - month change of - 0.40% [3]

Report Industry Investment Rating - Not provided Core Viewpoints - The report presents the trading data of various index options on December 24, 2025, including trading volume, PCR, and VIX, along with their环比 changes [1][2][3] Summary by Directory Option Trading Volume - On December 24, 2025, the trading volume of Shanghai Stock Exchange 50 ETF options was 880,800 contracts; CSI 300 ETF options (Shanghai) was 1,015,900 contracts; CSI 500 ETF options (Shanghai) was 1,176,500 contracts; Shenzhen 100 ETF options was 88,300 contracts; ChiNext ETF options was 1,763,900 contracts; Shanghai Stock Exchange 50 index options was 22,500 contracts; CSI 300 index options was 74,600 contracts; and CSI 1000 options was 248,400 contracts [1] Option PCR - The turnover PCR of Shanghai Stock Exchange 50 ETF options was reported at 0.55, with a环比 change of +0.03; the position PCR was 1.01, with a环比 change of -0.01. Similar data for other options are also provided [2] Option VIX - The VIX of Shanghai Stock Exchange 50 ETF options was reported at 13.63%, with a环比 change of +0.64%. Similar data for other options are also provided [3]