Group 1: Implied Volatility Index and Historical Volatility - The financial option implied volatility index reflects the 30 - day implied volatility trend as of the previous trading day. The commodity option implied volatility index is obtained by weighting the implied volatilities of the two - strike options above and below the at - the - money option of the main contract, 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 the historical volatility, while a smaller difference means the opposite [3] Group 2: Implied Volatility and Historical Volatility Graphs - There are graphs showing the trends of implied volatility (IV), historical volatility (HV), and their differences (IV - HV) for various financial and commodity options, including 50ETF, 1000 - stock index, 500ETF, ES, Shanghai Gold, corn, soybean meal, sugar, cotton, rubber, PTA, methanol, iron ore, crude oil, aluminum, zinc, urea, palm oil, rapeseed meal, Shanghai copper, PVC, and rebar [4][6][7][8][9][10][11][12][13][14][15] Group 3: Implied Volatility and Historical Volatility Quantiles - Implied volatility quantiles represent the current implied volatility level of a variety in history. A high quantile means the current implied volatility is high, and a low quantile means it is low [17] - The implied volatility quantile rankings are as follows: PTA (0.78), natural rubber (0.70), etc. [18] - The historical volatility quantile rankings are as follows: PTA (0.94), 50ETF (0.87), etc. [19]

Core Viewpoint - The article discusses the recent surge in international gold prices, which have consistently broken through key thresholds, reaching historical highs, and the resulting impact on the futures and options markets [1][3]. Group 1: Gold Price Movement - International gold prices have shown strong performance, recently surpassing $3,400 and $3,500 per ounce, with COMEX gold futures reported at $3,440 per ounce, marking a 0.43% increase [1]. - Spot gold prices reached a high of $3,500.12 per ounce, setting a new historical record [1]. Group 2: Options Market Activity - The surge in gold prices has triggered significant activity in the options market, particularly a phenomenon known as "doomsday wheel," which occurs in the days leading up to options expiration [3]. - Several deep out-of-the-money call options for gold futures saw dramatic price increases, with some contracts experiencing gains of up to 9,800% [3]. Group 3: Futures Market Dynamics - Gold futures have attracted substantial capital inflow, with total funds in gold futures reaching approximately 980.4 billion yuan, surpassing major stock index futures [8]. - The total open interest in gold futures has increased significantly, reaching a historical high of 453,000 contracts, up from 392,000 contracts earlier in the month [9]. Group 4: Market Sentiment and Risks - Despite the bullish sentiment towards gold, some institutions are cautioning about potential short-term adjustments due to the rapid price increases and changing market conditions [10]. - The increase in market volatility has led trading firms to raise margin requirements and price limits for gold futures to mitigate risks associated with price fluctuations [9].

Wind数据显示，截至4月22日18时30分，COMEX黄金期货价格报3476.1美元/盎司，当日涨1.48%，最高触及3509.9美元/盎司； 现货黄金（伦敦金现）报3457.960美元/盎司，日内涨1.00%，最高触及3500.120美元/盎司创历史新高。 除国内期权市场外，A股、期货市场炒作情绪亦显著升温。 4月22日，黄金股再度走强，宝鼎科技（002552.SZ）、东江环保（002672.SZ）、深中华A（000017.SZ）涨停，明牌珠宝 （603179.SH）、四川黄金（001337.SZ）涨超5%，多股跟涨。 | 股票代码 | 股票简称 | 现价(元) | 张铁幅(%) | | --- | --- | --- | --- | | 002552.SZ Mi | 宝鼎科技 | 15.02 | 10.04 | | 002672.SZ Mi | 东江环保 | 4.28 | 10.03 | | 000017.SZ Mi | 深中华A | 6.75 | 9.93 | | 002574.SZ Mi | 明牌珠宝 | 6.58 | 7.34 | | 001337.SZ Mi | 四川黄金 | 28.56 | 6 ...