| | 看涨期权 | 看跌期权 | | | --- | --- | --- | --- | | 品种 | 日涨跌幅 | 品种 | 日涨跌幅 | | 苯乙烯 | 123.33% | 液化石油气 | 21.76% | | 烧碱 | 118.81% | 天然橡胶 | 15.91% | | 纯苯 | 107.53% | 锡 | 14.98% | | 短纤 | 106.14% | 豆一 | 13.10% | | 丙烯 | 87.13% | 镍 | 10.18% | | 对二甲苯 | 72.26% | 白银 | 9.34% | | 红枣 | 64.52% | 铂 | 7.79% | | 苹果 | 46.38% | 尿素 | 7.55% | | 胶版印刷纸 | 38.82% | 铜 | 5.10% | | 乙二醇 | 38.20% | 锰硅 | 4.40% | | | 看涨期权 | 看跌期权 | | | --- | --- | --- | --- | | 品种 | 日涨跌幅 | 品种 | 日涨跌幅 | | 苯乙烯 | 123.33% | 液化石油气 | 21.76% | | 烧碱 | 118.81% | 天然橡胶 | 15 ...

| | 看涨期权 | 看跌期权 | | | --- | --- | --- | --- | | 品种 | 日涨跌幅 | 品种 | 日涨跌幅 | | 液化石油气 | 125.17% | 锡 | 88.55% | | 原油 | 118.22% | 碳酸锂 | 86.57% | | 苹果 | 92.23% | 铝 | 56.82% | | 纯苯 | 91.11% | 鸡蛋 | 52.08% | | 聚丙烯 | 87.75% | 锌 | 46.02% | | 塑料 | 82.78% | 镍 | 40.05% | | 甲醇 | 73.77% | 铸造铝合金 | 39.75% | | 燃料油 | 69.68% | 天然橡胶 | 34.80% | | 沥青 | 61.09% | 铂 | 34.45% | | 丙烯 | 56.81% | 多晶硅 | 27.81% | 交易咨询业务资格： 证监许可【2012】1091号 完稿时间:2026年03月04日 | 分析师： | 杜淑芳 | | --- | --- | | 从业资格证号: | F0230469 | | 投资咨询证号: | Z0000690 | | TEL: | 0575 ...

Group 1: Report Industry Investment Rating - No information provided Group 2: Core View of the Report - The report presents data on commodity option daily market conditions, including option price changes, option positions, and Put - Call Ratios (PCR) for various commodity options on February 27, 2026, as well as daily preferred options and information on expiring options [1][2][5][6][7] Group 3: Summary by Related Catalogs Option Quotes - For call options, manganese silicon had the highest daily increase of 133.33%, followed by ferrosilicon with 37.72% and lithium carbonate with 25.94%. For put options, PVC had a daily increase of 41.32%, polycrystalline silicon 39.68%, and palm oil 37.41%. The calculation is based on the closing price of the at - the - money options of the main contracts of each variety [1] Option Positions - For call options, glass had the largest daily change in position of 45,943, followed by methanol with 35,737 and manganese silicon with 35,447. For put options, lithium carbonate had a daily position change of 21,389, iron ore 13,959, and PTA 13,864 [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties included apple with 1.9461, lithium carbonate with 1.2111, and short - fiber with 1.1513. Low - position PCR varieties included alumina with 0.2496, jujube with 0.2897, and live pigs with 0.2946 [5] Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties included polycrystalline silicon with 1.7396, propylene with 1.479, and apple with 1.3897. Low - volume PCR varieties included jujube with 0.2004, manganese silicon with 0.2173, and live pigs with 0.2551 [6] Daily Preferred Options - Call options: The selected varieties were lithium carbonate, CSI 1000, soybean meal, fuel oil, cotton, soybean No. 2, soybean No. 1, and corn, with a trend degree of 53 - 55 and different put - call ratios and remaining days [7] - Put options: The selected varieties were polycrystalline silicon, coking coal, PVC, live pigs, palm oil, iron ore, ethylene glycol, and plastic, with a negative trend degree of - 39 to - 55 and different put - call ratios and remaining days [7] Expiring Options - There were no expiring options on the day [7]

商品期权日报(2026 年 02 月 26 日) 表 1：期权行情 | | 看涨期权 | | 看跌期权 | | --- | --- | --- | --- | | 品种 | 日涨跌幅 | 品种 | 日涨跌幅 | | 豆粕 | 56.52% | 短纤 | 21.07% | | 豆二 | 43.62% | 液化石油气 | 16.29% | | 豆油 | 31.60% | 甲醇 | 15.98% | | 豆一 | 28.70% | PTA | 9.09% | | 铂 | 27.61% | 塑料 | 9.03% | | 螺纹钢 | 26.87% | 苯乙烯 | 5.63% | | 纯碱 | 25.26% | 尿素 | 5.36% | | 铁矿石 | 25.22% | 对二甲苯 | 3.38% | | 玉米 | 25.00% | 原油 | 1.73% | | 铅 | 18.64% | 纯苯 | 0.51% | | | 看涨期权 | 看跌期权 | | | --- | --- | --- | --- | | 品种 | 日涨跌幅 | 品种 | 日涨跌幅 | | 豆粕 | 56.52% | 短纤 | 21.07% | | 豆二 ...

Report Summary 1. Report Industry Investment Rating No information provided in the given content. 2. Core View of the Report No information provided in the given content. 3. Summary According to Relevant Catalogs Option Quotes - The daily price changes of call options for various commodities are as follows: pure benzene 157.06%, cotton 98.72%, styrene 88.56%, etc. [1] - The daily price changes of put options for various commodities are as follows: polysilicon 74.15%, rebar 34.96%, live pigs 33.71%, etc. [1] Option Positions - The daily changes in call option positions for various commodities are as follows: glass 34469, PVC 30362, soda ash 27019, etc. [2] - The daily changes in put option positions for various commodities are as follows: styrene 21940, PVC 21271, lithium carbonate 19475, etc. [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties include apple (2.0819), synthetic rubber (1.2172), short - fiber (1.1526), etc. [5] - Low - position PCR varieties include alumina (0.2279), live pigs (0.2783), red dates (0.2981), etc. [5] Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties include apple (1.7363), iron ore (1.3325), palladium (1.3072), etc. [6] - Low - volume PCR varieties include nickel (0.2591), red dates (0.2607), cast aluminum alloy (0.2889), etc. [6] Daily Selections - Call option selections include cotton, natural rubber, urea, etc., with a trend degree of 55 for most and different put - call ratios and remaining days [7] - Put option selections include ferrosilicon, iron ore, manganese silicon, etc., with a negative trend degree for most and different put - call ratios and remaining days [7] Near - Expiry Options - Call options of near - expiry options include apple, p - xylene, iron ore, etc., with details such as remaining days, option closing prices, and break - even points [8][9] - Put options of near - expiry options include apple, p - xylene, iron ore, etc., with details such as remaining days, option closing prices, and break - even points [8][9]

1. Report Industry Investment Rating - Not provided in the content 2. Core Viewpoints of the Report - Not provided in the content 3. Summary by Relevant Catalogs 3.1 Market Overview - The report presents the trading volume and open interest data of the commodity options market, including the overall market and different sectors such as agriculture, energy and chemicals, black metals, precious metals, and non - ferrous metals and new energy. The overall trading volume of the market this week was 6,628,465.8, a decrease of 0.95% from last week, and the open interest was 7,083,253, a decrease of 0.24% from last week. Among them, the trading volume of agricultural products increased by 0.48%, while the trading volume of other sectors decreased to varying degrees [5]. 3.2 Market Data 3.2.1 Market Overview - The report provides the quantitative data of commodity options, including the at - the - money volatility, 60 - day quantile, skew, and 60 - day skew quantile of various options. For example, the at - the - money volatility of corn options is 8.65%, and the 60 - day quantile is 13.33% [15]. 3.2.2 - 3.2.61 Various Option Data - For each type of option (such as corn options, soybean meal options, etc.), the report details the closing price, trading volume, open interest, volume PCR, open interest PCR, at - the - money volatility, HV - 10 days, HV - 20 days, and skew of the main and secondary contracts. For example, for corn options, the total trading volume of the main contract this week was 145,658, an increase of 48,066 from last week, and the volume PCR was 0.4574, a decrease of 0.0707 from last week [17].

Group 1: Report Industry Investment Rating - No relevant information provided Group 2: Core View of the Report - No relevant information provided Group 3: Option Quotes - The daily price increase rates of call options for tin, caustic soda, and copper are 145.46%, 114.29%, and 39.01% respectively. The daily price increase rates of put options for log, styrene, and asphalt are 62.50%, 54.94%, and 40.30% respectively [1]. Group 4: Option Positions - The daily changes in call option positions for soda ash, glass, and methanol are 28,697, 19,552, and 18,395 respectively. The daily changes in put option positions for caustic soda, PTA, and glass are 24,635, 18,672, and 14,859 respectively [2]. Group 5: Option Position Put - Call Ratio PCR - High - position PCR varieties include apple (1.6364), offset printing paper (1.2648), and propylene (1.0963). Low - position PCR varieties include soda ash (0.2516), live pigs (0.2569), and alumina (0.2755) [5]. Group 6: Option Trading Volume Put - Call Ratio PCR - High - trading - volume PCR varieties include apple (1.6044), offset printing paper (1.1722), and iron ore (1.1403). Low - trading - volume PCR varieties include ethylene glycol (0.1602), Chinese dates (0.183), and lead (0.2236) [6]. Group 7: Daily Selections - Call option selections include alumina (ao2605C2900), sugar (SR605C5300), and peanuts (PK605C8000). Put option selections include ethylene glycol (eg2605 - P - 3550), industrial silicon (si2605 - P - 8100), and plastic (l2605 - P - 6500) [7]. Group 8: Near - Expiration Options - For call options of near - expiration options, such as cotton (CF603C14800), the remaining days are 2, the option closing price is 22.0, and the break - even target price is 14,825.0 with a break - even target increase rate of 1.02%. For put options, such as cotton (CF603P14600), the break - even target price is 14,552.0 with a break - even target decrease rate of - 0.84% [8][9].

Group 1: Option Market Quotes - The daily price changes of call options for various commodities are as follows: asphalt 88.61%, corn starch 59.32%, liquefied petroleum gas 34.88%, p - xylene 21.31%, alumina 15.97%, corn 15.71%, fuel oil 14.54%, methanol 11.73%, short - fiber 9.96%, PTA 9.63% [1] - The daily price changes of put options for various commodities are as follows: caustic soda 90.67%, log 79.07%, palladium 47.03%, platinum 35.39%, tin 33.04%, nickel 31.24%, silver 27.03%, copper 22.04%, rebar 19.59%, coking coal 18.08% [1] Group 2: Option Positions - The daily changes in call option positions for various commodities are as follows: methanol 42,604, caustic soda 19,694, glass 17,313, soda ash 15,825, silver 13,395, asphalt 6,713, rapeseed meal 5,885, coking coal 5,587, soybean meal 4,790, ethylene glycol 3,320 [2] - The daily changes in put option positions for various commodities are as follows: PTA 8,361, methanol 6,189, alumina 4,191, cotton 3,781, caustic soda 2,834, styrene 2,239, rebar 1,355, silicomanganese 1,351, rapeseed meal 1,264, crude oil 1,103 [2] Group 3: Option Position Put - Call Ratio (PCR) - High - position PCR varieties: apple (1.6057), offset - printing paper (1.192), propylene (1.1382), bottle chips (1.0699), short - fiber (1.0328), cast aluminum alloy (1.0007), synthetic rubber (0.9576), iron ore (0.9511), lithium carbonate (0.9433), soybean No. 2 (0.8643) [5] - Low - position PCR varieties: caustic soda (0.2383), alumina (0.2431), live pigs (0.2615), soda ash (0.2619), red dates (0.2978), ethylene glycol (0.3744), methanol (0.3936), coking coal (0.3943), lead (0.3956), log (0.4008) [5] Group 4: Option Trading Volume Put - Call Ratio (PCR) - High - trading - volume PCR varieties: propylene (1.4211), silver (1.3878), nickel (1.2476), iron ore (1.1227), industrial silicon (1.0666), polysilicon (1.011), copper (0.9758), lithium carbonate (0.9645), zinc (0.9487), aluminum (0.9379) [6] - Low - trading - volume PCR varieties: alumina (0.1701), ethylene glycol (0.1962), red dates (0.2064), coking coal (0.2945), corn (0.3587), ferrosilicon (0.364), corn starch (0.3642), methanol (0.3754), silicomanganese (0.389), asphalt (0.4081) [6] Group 5: Daily Selections - Call options: alumina (ao2605C2900, trend degree 45, put - call ratio 0.24, remaining days 77), crude oil (sc2604C470, trend degree 37, put - call ratio 0.54, remaining days 35), sugar (SR605C5300, trend degree 35, put - call ratio 0.49, remaining days 66), asphalt (bu2604C3550, trend degree 23, put - call ratio 0.49, remaining days 47), apple (AP605C9900, trend degree 23, put - call ratio 1.61, remaining days 49), silicomanganese (SM605C5900, trend degree 21, put - call ratio 0.47, remaining days 66), glass (FG605C1140, trend degree 19, put - call ratio 0.41, remaining days 66), PVC (v2605 - C - 5100, trend degree 19, put - call ratio 0.46, remaining days 70) [7] - Put options: ethylene glycol (eg2605 - P - 3550, trend degree - 55, put - call ratio 0.37, remaining days 70), lead (pb2604P16000, trend degree - 55, put - call ratio 0.4, remaining days 47), iron ore (i2605 - P - 740, trend degree - 55, put - call ratio 0.95, remaining days 70), rebar (rb2605P3050, trend degree - 55, put - call ratio 0.44, remaining days 77), pulp (sp2605P4950, trend degree - 53, put - call ratio 0.86, remaining days 77), industrial silicon (si2605 - P - 8300, trend degree - 53, put - call ratio 0.49, remaining days 61), silver (ag2604P18500, trend degree - 53, put - call ratio 0.83, remaining days 47), caustic soda (SH605P2040, trend degree - 53, put - call ratio 0.24, remaining days 66) [7] Group 6: Near - Expiry Options - Call options: cotton (CF603C14800, remaining days 3, option closing price 42.0, break - even point 14845.0, break - even increase 1.26%, option doubling point 14890.0, doubling increase 1.57%), glass (FG603C1000, remaining days 3, option closing price 11.5, break - even point 1012.5, break - even increase 1.76%, option doubling point 1025.0, doubling increase 3.02%), etc. [8] - Put options: cotton (CF603P14600, remaining days 3, option closing price 67.0, break - even point 14530.0, break - even decrease - 0.89%, option doubling point 14460.0, doubling decrease - 1.36%), glass (FG603P990, remaining days 3, option closing price 9.5, break - even point 979.5, break - even decrease - 1.56%, option doubling point 969.0, doubling decrease - 2.61%), etc. [9]

1. Market Overview - The total trading volume of the commodity options market this week was 8,927,530.8, up 0.4% from last week, and the total open interest was 9,142,747, up 0.02% [5]. - The trading volume of agricultural products options was 1,480,074.0, up 0.58%, and the open interest was 3,149,035, up 0.04% [5]. - The trading volume of energy and chemical options was 4,184,971.8, up 0.89%, and the open interest was 3,674,765, up 0.15% [5]. - The trading volume of black options was 340,558.0, down 0.65%, and the open interest was 738,944, up 0.12% [5]. - The trading volume of precious metal options was 812,581.6, down 0.97%, and the open interest was 334,994, down 0.37% [5]. - The trading volume of non - ferrous and new energy options was 2,109,345.4, up 0.42%, and the open interest was 1,245,009, down 0.21% [5]. 2. Market Data 2.1 Market Overview - The report provides the implied volatility, 60 - day quantile, skew, and 60 - day skew quantile of the at - the - money options for various commodities such as corn, soybean meal, and methanol [15]. 2.2 - 2.61 Specific Commodity Options - For each of the 61 types of commodity options (e.g., corn options, soybean meal options), the report details the closing price, price change, remaining trading days of the main and secondary contracts, as well as the trading volume, open interest, volume PCR, open interest PCR, at - the - money volatility, 10 - day historical volatility (HV - 10), 20 - day historical volatility (HV - 20), and skew. For example, in corn options, the main contract's closing price was 2271, down 29, with 14 remaining trading days [16].

1. Market Overview - The trading volume of the commodity options market this week was 8,107,246.6, a decrease of 0.35% from last week; the open interest was 8,979,179, a flat compared to last week [5]. - The trading volume of agricultural products was 1,293,877.0, a decrease of 0.63% from last week; the open interest was 3,022,708, a slight decrease of 0.0% [5]. - The trading volume of energy and chemical products was 3,424,908.4, a decrease of 0.85% from last week; the open interest was 3,183,176, a decrease of 0.01% [5]. - The trading volume of black commodities was 406,427.0, a decrease of 0.53% from last week; the open interest was 657,982, a decrease of 0.13% [5]. - The trading volume of precious metals was 1,073,667.6, an increase of 1.41% from last week; the open interest was 534,522, a decrease of 0.03% [5]. - The trading volume of non - ferrous metals and new energy was 1,908,366.6, an increase of 0.41% from last week; the open interest was 1,580,791, an increase of 0.15% [5]. 2. Market Data 2.1 Market Overview - The report provides the flat - volatility, 60 - day quantile, Skew, and 60 - day quantile of various commodity options, such as the flat - volatility of corn options was 9.56% with a 60 - day quantile of 43.33%, and the Skew was 7.15% with a 60 - day quantile of 51.67% [15]. 2.2 - 2.61 Specific Commodity Options - For each of the 61 specific commodity options (including corn, soybean meal, etc.), the report details data such as closing prices, trading volume (including call and put trading volume, total trading volume, and volume PCR), open interest (including call and put open interest, total open interest, and open interest PCR), flat - volatility, HV - 10 days, HV - 20 days, and Skew [16 - 75].