Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Related Catalogs 50ETF - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.13% decline on March 26, a 0.41% increase on March 27, and a -0.14% decline on March 30. The current month IV and next month IV also showed corresponding changes [1]. - The skew index on March 30, 2026, was 124.95 [2]. 300ETF (Shanghai) - The current month contract has 16 days until expiration. From March 25 - 30, 2026, the underlying price fluctuated, with a 1.45% increase on March 25, a -1.23% decline on March 26, and a 0.45% increase on March 27. The current month IV and next month IV also changed accordingly [4]. - The skew index on March 25, 2026, was 132.26 [6]. 300ETF (Shenzhen) - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.22% decline on March 26, a 0.51% increase on March 27, and a -0.19% decline on March 30. The current month IV and next month IV also changed [9]. - The skew index on March 26, 2026, was 128.29 [16]. CSI 500ETF (Shanghai) - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a 0.63% increase on March 26, a -0.29% decline on March 27, and a 1.53% increase on March 30. The current month IV and next month IV also changed [18]. - The skew index on March 30, 2026, was 129.52 [19]. CSI 500ETF (Shenzhen) - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.70% decline on March 26, a 1.27% increase on March 27, and a 0.42% increase on March 30. The current month IV and next month IV also changed [21]. - The skew index on March 30, 2026, was 128.12 [23]. ChiNext ETF - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.33% decline on March 26, a 0.92% increase on March 27, and a -0.88% decline on March 30. The current month IV and next month IV also changed [24]. - The skew index on March 30, 2026, was 106.93 [26]. Shenzhen 100ETF - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.40% decline on March 26, a 0.76% increase on March 27, and a -0.61% decline on March 30. The current month IV and next month IV also changed [28]. - The skew index on March 30, 2026, was 132.23 [31]. Science and Technology Innovation 50ETF - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -2.02% decline on March 26, a 0.96% increase on March 27, and a -0.80% decline on March 30. The current month IV and next month IV also changed [36]. - The skew index on March 30, 2026, was 131.42 [39]. STAR 50ETF - The current month contract has 16 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -2.01% decline on March 26, a 0.99% increase on March 27, and a -0.83% decline on March 30. The current month IV and next month IV also changed [42]. - The skew index on March 30, 2026, was 117.45 [43]. 300 Index - The current month contract has 13 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.32% decline on March 26, a 0.56% increase on March 27, and a -0.24% decline on March 30. The current month IV and next month IV also changed [45]. - The skew index on March 30, 2026, was 117.93 [47]. 1000 Index - The current month contract has 13 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.44% decline on March 26, a 1.40% increase on March 27, and a 0.28% increase on March 30. The current month IV and next month IV also changed [50]. - The skew index on March 30, 2026, was 138.43 [54]. SSE 50 Index - The current month contract has 13 days until expiration. From March 26 - 30, 2026, the underlying price fluctuated, with a -1.22% decline on March 26, a 0.45% increase on March 27, and a -0.14% decline on March 30. The current month IV and next month IV also changed [55]. - The skew index on March 30, 2026, was 127.79 [56].

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Report's Core View There is no clear core view presented in the provided content. The report mainly provides a large amount of data on various financial products' prices, price changes, implied volatility (IV), and related statistics. 3. Summary by Related Catalogs 3.1 50ETF - **Price and IV Data**: From March 16 - 18, 2026, the 50ETF price was 3.028, 3.039, and 3.035 respectively, with corresponding price changes of -0.23%, 0.36%, and -0.13%. The corresponding monthly IVs were 14.45%, 15.58%, and 14.44%, and the next - month IVs were 14.71%, 14.79%, and 14.29% [1]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year were 47.70%, 64.40%, and 47.30%, and in the past 2 - year were 49.80%, 63.10%, and 49.20%. The next - month IV quantiles in the past 1 - year were 46.40%, 47.20%, and 40.90%, and in the past 2 - year were 47.70%, 49.40%, and 41.40% [1]. - **Skew Index**: The skew index of the main contract month was 106.41 today, 112.32 yesterday, 107.13 two days ago, 117.10 three days ago, and 107.20 four days ago [2]. 3.2 Shanghai 300ETF - **Price and IV Data**: From March 13 - 18, 2026, the Shanghai 300ETF price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 4.680 with a 0.06% increase, monthly IV of 16.09%, and next - month IV of 15.74% [5]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, as well as the next - month IV quantiles in the past 1 - year and 2 - year, are presented [5]. - **Skew Index**: The skew index of the main contract month today is 108.94, and other historical data is also provided [8]. 3.3 Shenzhen 300ETF - **Price and IV Data**: From March 16 - 18, 2026, the Shenzhen 300ETF price and price changes, monthly IV, and next - month IV are shown. For example, on March 16, the price was 4.879 with a 0.06% increase, monthly IV of 14.83%, and next - month IV of 15.28% [10]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are given [10]. - **Skew Index**: The skew index of the main contract month today is 112.17, and historical data is also available [13]. 3.4 Shanghai CSI 500ETF - **Price and IV Data**: From March 16 - 18, 2026, the Shanghai CSI 500ETF price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 8.259 with a - 1.98% decrease, monthly IV of 22.08%, and next - month IV of 23.14% [16]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are presented [16]. - **Skew Index**: The skew index of the main contract month today is 114.79, and historical data is also provided [18]. 3.5 Shenzhen CSI 500ETF - **Price and IV Data**: From March 16 - 18, 2026, the Shenzhen CSI 500ETF price and price changes, monthly IV, and next - month IV are shown. For example, on March 16, the price was 3.282 with a - 0.76% decrease, monthly IV of 22.10%, and next - month IV of 23.22% [19]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are given [19]. - **Skew Index**: The skew index of the main contract month today is 130.43, and historical data is also available [21]. 3.6 ChiNext ETF - **Price and IV Data**: From March 16 - 18, 2026, the ChiNext ETF price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 3.349 with a 1.48% increase, monthly IV of 23.45%, and next - month IV of 24.47% [22]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are presented [22]. - **Skew Index**: The skew index of the main contract month today is 125.46, and historical data is also provided [24]. 3.7 Shenzhen 100ETF - **Price and IV Data**: From March 16 - 18, 2026, the Shenzhen 100ETF price and price changes, monthly IV, and next - month IV are shown. For example, on March 16, the price was 3.541 with a 0.45% increase, monthly IV of 19.59%, and next - month IV of 19.96% [25]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are given [25]. - **Skew Index**: The skew index of the main contract month today is 117.33, and historical data is also available [28]. 3.8 Science and Technology Innovation 50ETF - **Price and IV Data**: From March 16 - 18, 2026, the Science and Technology Innovation 50ETF price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 1.458 with a 0.55% increase, monthly IV of 27.48%, and next - month IV of 27.40% [32]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are presented [32]. - **Skew Index**: The skew index of the main contract month today is 102.71, and historical data is also provided [35]. 3.9 STAR 50ETF - **Price and IV Data**: From March 16 - 18, 2026, the STAR 50ETF price and price changes, monthly IV, and next - month IV are shown. For example, on March 16, the price was 1.413 with a 0.50% increase, monthly IV of 27.35%, and next - month IV of 27.09% [38]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are given [38]. - **Skew Index**: The skew index of the main contract month today is 101.18, and historical data is also available [40]. 3.10 300 Index - **Price and IV Data**: From March 16 - 18, 2026, the 300 Index price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 4671.559 with a 0.05% increase, monthly IV of 13.76%, and next - month IV of 14.72% [45]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are presented [45]. - **Skew Index**: The skew index of the main contract month today is 127.74, and historical data is also provided [47]. 3.11 1000 Index - **Price and IV Data**: From March 16 - 18, 2026, the 1000 Index price and price changes, monthly IV, and next - month IV are shown. For example, on March 16, the price was 8211.352 with a - 0.04% decrease, monthly IV of 19.38%, and next - month IV of 22.86% [50]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are given [50]. - **Skew Index**: The skew index of the main contract month today is 112.02, and historical data is also available [54]. 3.12 Shanghai 50 Index - **Price and IV Data**: From March 16 - 18, 2026, the Shanghai 50 Index price and price changes, monthly IV, and next - month IV are provided. For example, on March 16, the price was 2954.089 with a - 0.09% decrease, monthly IV of 14.79%, and next - month IV of 59.09% [55]. - **IV Quantiles**: The monthly IV quantiles in the past 1 - year and 2 - year, and the next - month IV quantiles in the past 1 - year and 2 - year are presented [55]. - **Skew Index**: The skew index of the main contract month today is 98.95, and historical data is also provided [57].

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - No clear overall core viewpoints presented, but detailed data on various financial products are provided 3. Summary by Related Contents 3.1 50ETF - From February 26 to March 2, 2026, the 50ETF price fluctuated slightly, with a -0.61% decline on February 26, a 0.26% increase on February 27, and a 0.06% increase on March 2 [1] - The current month's IV was 12.57% on February 26, 12.03% on February 27, and 12.60% on March 2; the next month's IV was 13.31%, 13.14%, and 13.57% respectively [1] - The current month's IV quantiles in the past 1 - year and 2 - year were 14.20% - 15.90% and 17.70% - 18.80% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 23.30% - 28.60% and 25.40% - 30.70% respectively [1] - The skew index of the main contract was 107.16 today, 97.77 yesterday, 100.43 two days ago, 100.67 three days ago, and 100.00 four days ago [3] 3.2 Shanghai 300ETF - From February 25 to February 27, 2026, the Shanghai 300ETF price decreased first and then increased slightly, with a 0.72% increase on February 25, a -0.32% decline on February 26, and a -0.21% decline on February 27 [4] - The current month's IV was 12.55% on February 25, 12.22% on February 26, and 12.69% on February 27; the next month's IV was 13.64%, 13.54%, and 13.76% respectively [4] - The current month's IV quantiles in the past 1 - year and 2 - year were 0.40% - 7.50% and 4.40% - 9.20% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 6.70% - 17.50% and 5.90% - 15.80% respectively [4] - The skew index of the main contract was 112.50 today, 100.07 yesterday, 104.51 two days ago, 103.33 three days ago, and 100.00 four days ago [6] 3.3 Shenzhen 300ETF - From February 26 to March 2, 2026, the Shenzhen 300ETF price decreased first and then increased, with a -0.28% decline on February 26, a -0.24% decline on February 27, and a 0.24% increase on March 2 [7] - The current month's IV was 12.86% on February 26, 12.57% on February 27, and 12.97% on March 2; the next month's IV was 13.73%, 13.65%, and 13.67% respectively [7] - The current month's IV quantiles in the past 1 - year and 2 - year were 4.80% - 12.20% and 7.50% - 13.40% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 14.00% - 15.30% and 17.80% - 19.10% respectively [7] - The skew index of the main contract was 107.05 today, 98.76 yesterday, 100.82 two days ago, 102.14 three days ago, and 74.20 four days ago [10] 3.4 Shanghai CSI 500ETF - From February 26 to March 2, 2026, the Shanghai CSI 500ETF price increased, with a 1.90% increase on February 26, a 1.57% increase on February 27, and a 1.19% increase on March 2 [12] - The current month's IV was 20.69% on February 26, 20.22% on February 27, and 20.37% on March 2; the next month's IV was 21.01%, 20.91%, and 21.20% respectively [12] - The current month's IV quantiles in the past 1 - year and 2 - year were 66.90% - 71.40% and 55.60% - 59.70% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 66.50% - 68.30% and 59.90% - 62.00% respectively [12] - The skew index of the main contract was 110.69 today, 109.76 yesterday, 116.18 two days ago, 105.53 three days ago, and 100.00 four days ago [15] 3.5 Shenzhen CSI 500ETF - From February 26 to March 2, 2026, the Shenzhen CSI 500ETF price increased slightly, with a 0.29% increase on February 26, a 1.20% increase on February 27, and a 0.03% increase on March 2 [18] - The current month's IV was 20.97% on February 26, 20.57% on February 27, and 20.33% on March 2; the next month's IV was 21.25%, 21.19%, and 21.19% respectively [18] - The current month's IV quantiles in the past 1 - year and 2 - year were 65.70% - 70.20% and 56.00% - 63.20% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 64.50% - 65.60% and 59.10% - 59.30% respectively [18] - The skew index of the main contract was 113.04 today, 114.78 yesterday, 105.89 two days ago, 100.00 three days ago, and 100.00 four days ago [20] 3.6 GEM ETF - From February 26 to March 2, 2026, the GEM ETF price decreased, with a -0.24% decline on February 26, a -1.05% decline on February 27, and a -0.58% decline on March 2 [21] - The current month's IV was 20.49% on February 26, 20.07% on February 27, and 20.43% on March 2; the next month's IV was 22.61%, 22.20%, and 22.00% respectively [21] - The current month's IV quantiles in the past 1 - year and 2 - year were 11.80% - 26.20% and 12.20% - 32.80% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 15.50% - 30.00% and 15.90% - 32.80% respectively [21] - The skew index of the main contract was 99.44 today, 100.00 yesterday, 108.81 two days ago, 100.45 three days ago, and 102.04 four days ago [23] 3.7 Shenzhen 100ETF - From February 26 to March 2, 2026, the Shenzhen 100ETF price decreased first and then remained stable, with a 0.09% increase on February 26, a -0.99% decline on February 27, and a -0.03% decline on March 2 [25] - The current month's IV was 16.49% on February 26, 15.91% on February 27, and 16.48% on March 2; the next month's IV was 17.70%, 17.84%, and 17.74% respectively [25] - The current month's IV quantiles in the past 1 - year and 2 - year were 13.80% - 22.00% and 11.60% - 20.20% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 28.80% - 30.50% and 31.50% - 33.40% respectively [25] - The skew index of the main contract was 109.68 today, 101.21 yesterday, 104.39 two days ago, 102.56 three days ago, and 100.00 four days ago [28] 3.8 Science and Technology Innovation 50ETF - From February 26 to March 2, 2026, the Science and Technology Innovation 50ETF price increased first and then decreased, with a 0.77% increase on February 26, a 0.13% increase on February 27, and a -1.40% decline on March 2 [34] - The current month's IV was 24.86% on February 26, 24.26% on February 27, and 24.13% on March 2; the next month's IV was 25.50%, 24.72%, and 24.19% respectively [34] - The current month's IV quantiles in the past 1 - year and 2 - year were 22.70% - 39.10% and 25.30% - 34.70% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 24.40% - 31.10% and 25.70% - 31.10% respectively [34] - The skew index of the main contract was 96.92 today, 87.73 yesterday, 92.93 two days ago, 101.59 three days ago, and 109.50 four days ago [36] 3.9 STAR 50ETF - From February 26 to March 2, 2026, the STAR 50ETF price increased first and then decreased, with a 0.86% increase on February 26, a 0.20% increase on February 27, and a -1.51% decline on March 2 [39] - The current month's IV was 24.13% on February 26, 23.36% on February 27, and 24.55% on March 2; the next month's IV was 25.91%, 24.97%, and 24.84% respectively [39] - The current month's IV quantiles in the past 1 - year and 2 - year were 23.90% - 37.20% and 30.20% - 36.40% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 27.30% - 41.30% and 28.40% - 41.30% respectively [39] - The skew index of the main contract was 106.85 today, 97.60 yesterday, 99.58 two days ago, 99.63 three days ago, and 100.00 four days ago [40] 3.10 300 Index - From February 26 to March 2, 2026, the 300 Index price decreased first and then increased, with a -0.19% decline on February 26, a -0.34% decline on February 27, and a 0.38% increase on March 2 [42] - The current month's IV was 12.33% on February 26, 12.57% on February 27, and 12.40% on March 2; the next month's IV was 13.65%, 13.49%, and 13.52% respectively [42] - The current month's IV quantiles in the past 1 - year and 2 - year were 14.60% - 17.50% and 11.00% - 13.20% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 8.90% - 10.60% and 11.60% - 13.90% respectively [42] - The skew index of the main contract was 116.87 today, 107.83 yesterday, 99.03 two days ago, 103.02 three days ago, and 101.03 four days ago [44] 3.11 1000 Index - From February 26 to March 2, 2026, the 1000 Index price increased first and then decreased, with a 0.76% increase on February 26, a 0.83% increase on February 27, and a -0.98% decline on March 2 [47] - The current month's IV was 20.80% on February 26, 20.73% on February 27, and 20.34% on March 2; the next month's IV was 21.62%, 21.68%, and 21.54% respectively [47] - The current month's IV quantiles in the past 1 - year and 2 - year were 28.40% - 53.00% and 28.40% - 31.90% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 48.90% - 51.40% and 29.60% - 49.70% respectively [47] - The skew index of the main contract was 118.99 today, 108.08 yesterday, 114.41 two days ago, 112.69 three days ago, and 116.12 four days ago [51] 3.12 Shanghai 50 Index - From February 26 to March 2, 2026, the Shanghai 50 Index price increased slightly, with a -0.65% decline on February 26, a 0.14% increase on February 27, and a 0.23% increase on March 2 [53] - The current month's IV was 13.04% on February 26, 12.95% on February 27, and 13.25% on March 2; the next month's IV was 62.01%, 64.95%, and 65.31% respectively [53] - The current month's IV quantiles in the past 1 - year and 2 - year were 20.40% - 26.50% and 22.20% - 25.30% respectively; the next month's IV quantiles in the past 1 - year and 2 - year were 78.30% - 93.80% and 29.70% - 93.80% respectively [5

1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Report's Core View There is no clear core view presented in the provided content. The report mainly presents data on various financial products such as ETFs and indices, including their prices, price changes, implied volatility (IV), IV quantiles, skew indices, and related trends over different time periods. 3. Summary by Related Catalogs 3.1 50ETF - **Price and IV Data**: From February 9 - 11, 2026, the 50ETF price changed from 3.161 to 3.170, with corresponding daily price changes of 1.48%, 0.28%, and 0.00%. The corresponding monthly IVs were 17.21%, 16.27%, and 17.51%, and the next - month IVs were 17.34%, 16.57%, and 16.75% [1]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are provided, with the 1 - year current - month IV quantiles being 77.90%, 69.70%, and 80.40% [1]. - **Skew Index**: The skew index on February 11, 2026, was 91.85, with previous values of 94.71 (yesterday), 92.27 (two days ago), 99.29 (three days ago), and 98.62 (four days ago) [2]. 3.2 Shanghai 300ETF - **Price and IV Data**: From February 6 - 11, 2026, the Shanghai 300ETF price changed, with the price on February 11 being 4.733. The daily price changes and corresponding monthly and next - month IVs are provided. For example, on February 9, the price was 4.727, with a 1.68% change, monthly IV of 16.56%, and next - month IV of 17.06% [3]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are presented, such as the 1 - year current - month IV quantiles being 68.90%, 54.20%, etc. [3]. - **Skew Index**: The skew index on February 6, 2026, was 111.30, with previous values also provided [5]. 3.3 Shenzhen 300ETF - **Price and IV Data**: From February 9 - 11, 2026, the Shenzhen 300ETF price changed from 4.928 to 4.920, with corresponding daily price changes and monthly and next - month IVs. For instance, on February 9, the price change was 1.61%, monthly IV was 18.23%, and next - month IV was 17.91% [6]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are given, like the 1 - year current - month IV quantiles being 78.70%, 69.70%, etc. [6]. - **Skew Index**: The skew index on February 9, 2026, was 107.99, with previous values available [10]. 3.4 Shanghai CSI 500ETF - **Price and IV Data**: From February 9 - 11, 2026, the Shanghai CSI 500ETF price changed from 8.395 to 8.411, with corresponding daily price changes and monthly and next - month IVs. For example, on February 9, the price change was 2.17%, monthly IV was 27.08%, and next - month IV was 26.47% [12]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are provided, such as the 1 - year current - month IV quantiles being 93.40%, 88.50%, etc. [12]. - **Skew Index**: The skew index on February 11, 2026, was 108.27, with previous values also presented [15]. 3.5 Shenzhen CSI 500ETF - **Price and IV Data**: From February 10 - 12, 2026, the Shenzhen CSI 500ETF price changed, with the price on February 12 being 3.338. The daily price changes and corresponding monthly and next - month IVs are shown. For example, on February 10, the price change was - 0.24%, monthly IV was 27.32%, and next - month IV was 26.88% [20]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are given, like the 1 - year current - month IV quantiles being 94.20%, 88.10%, etc. [20]. - **Skew Index**: The skew index on February 10, 2026, was 113.89, with previous values available [27]. 3.6 ChiNext ETF - **Price and IV Data**: From February 9 - 11, 2026, the ChiNext ETF price changed from 3.321 to 3.273, with corresponding daily price changes and monthly and next - month IVs. For instance, on February 9, the price change was 2.85%, monthly IV was 27.90%, and next - month IV was 28.10% [28]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are presented, such as the 1 - year current - month IV quantiles being 66.50%, 64.00%, etc. [28]. - **Skew Index**: The skew index on February 11, 2026, was 97.50, with previous values also provided [34]. 3.7 Shenzhen 100ETF - **Price and IV Data**: From February 9 - 11, 2026, the Shenzhen 100ETF price changed from 3.494 to 3.462, with corresponding daily price changes and monthly and next - month IVs. For example, on February 9, the price change was 1.96%, monthly IV was 22.64%, and next - month IV was 22.48% [38]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are given, like the 1 - year current - month IV quantiles being 75.10%, 68.10%, etc. [38]. - **Skew Index**: The skew index on February 11, 2026, was 106.18, with previous values available [42]. 3.8 Science and Technology Innovation 50ETF - **Price and IV Data**: From February 9 - 11, 2026, the Science and Technology Innovation 50ETF price changed from 1.535 to 1.533, with corresponding daily price changes and monthly and next - month IVs. For instance, on February 9, the price change was 2.40%, monthly IV was 33.05%, and next - month IV was 32.07% [48]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are presented, such as the 1 - year current - month IV quantiles being 67.30%, 67.60%, etc. [48]. - **Skew Index**: The skew index on February 11, 2026, was 95.49, with previous values also provided [50]. 3.9 STAR 50ETF - **Price and IV Data**: From February 9 - 11, 2026, the STAR 50ETF price changed from 1.486 to 1.486, with corresponding daily price changes and monthly and next - month IVs. For example, on February 9, the price change was 2.48%, monthly IV was 34.38%, and next - month IV was 32.88% [54]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are given, like the 1 - year current - month IV quantiles being 62.80%, 62.70%, etc. [54]. - **Skew Index**: The skew index on February 11, 2026, was 92.95, with previous values available [61]. 3.10 300 Index - **Price and IV Data**: From February 9 - 11, 2026, the 300 Index price changed from 4719.056 to 4713.819, with corresponding daily price changes and monthly and next - month IVs. For instance, on February 9, the price change was 1.63%, monthly IV was 18.70%, and next - month IV was 18.21% [66]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are presented, such as the 1 - year current - month IV quantiles being 86.50%, 73.80%, etc. [66]. - **Skew Index**: The skew index on February 11, 2026, was 100.38, with previous values also provided [69]. 3.11 1000 Index - **Price and IV Data**: From February 9 - 11, 2026, the 1000 Index price changed from 8233.778 to 8239.513, with corresponding daily price changes and monthly and next - month IVs. For example, on February 9, the price change was 2.26%, monthly IV was 27.20%, and next - month IV was 26.14% [70]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are given, like the 1 - year current - month IV quantiles being 91.80%, 78.70%, etc. [70]. - **Skew Index**: The skew index on February 11, 2026, was 113.30, with previous values available [75]. 3.12 Shanghai Composite 50 Index - **Price and IV Data**: From February 9 - 11, 2026, the Shanghai Composite 50 Index price changed from 3081.779 to 3088.457, with corresponding daily price changes and monthly and next - month IVs. For instance, on February 9, the price change was 1.45%, monthly IV was 17.74%, and next - month IV was 66.58% [80]. - **IV Quantiles**: The 1 - year and 2 - year quantiles of the current - month IV and next - month IV are presented, such as the 1 - year current - month IV quantiles being 82.00%, 77.10%, etc. [80]. - **Skew Index**: The skew index on February 11, 2026, was 100.49, with previous values also provided [86].

1. Report Industry Investment Rating No relevant information provided. 2. Report's Core View No clear core view is presented in the provided text. It mainly contains detailed data and charts about various financial products' price, volatility, and related indices. 3. Summary by Related Catalogs A. 50ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 3.147 to 3.108 with corresponding fluctuations in monthly and next - month IV [1] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [1] - Skew index: Today's skew index is 103.65, showing changes compared to previous days [2] B. Shanghai 300ETF - 10 - day data: From 2026/1/29 to 2/3, the price changed from 4.768 to 4.600 (on 2/2) and 4.660107 (on 2/3), with corresponding IV changes [3] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [3] - Skew index: Today's skew index is 97.50, with variations from previous days [6] C. Shenzhen 300ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 4.912 to 4.864, and IV also fluctuated [8] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [8] - Skew index: Today's skew index is 96.50, different from previous days [10] D. Shanghai CSI 500ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 8.440 to 8.366, and IV had corresponding changes [12] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [12] - Skew index: Today's skew index is 100.80, varying from previous days [15] E. Shenzhen CSI 500ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 3.350 to 3.324, and IV fluctuated [21] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [21] - Skew index: Today's skew index is 101.30, different from previous days [25] F. ChiNext ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 3.335 to 3.313, and IV had corresponding changes [26] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [26] - Skew index: Today's skew index is 95.19, varying from previous days [31] G. Shenzhen 100ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 3.478 to 3.463, and IV fluctuated [35] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [35] - Skew index: Today's skew index is 93.78, different from previous days [38] H. Science and Technology Innovation 50ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 1.588 to 1.548, and IV had corresponding changes [44] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [44] - Skew index: Today's skew index is 88.58, varying from previous days [46] I. STAR 50ETF - 10 - day data: From 2026/1/30 to 2/3, the price changed from 1.538 to 1.499, and IV fluctuated [50] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [50] - Skew index: Today's skew index is 88.25, different from previous days [56] J. 300 Index - 9 - day data: From 2026/1/30 to 2/3, the price changed from 4706.340 to 4660.107, and IV had corresponding changes [61] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [61] - Skew index: Today's skew index is 82.13, varying from previous days [65] K. 1000 Index - 9 - day data: From 2026/1/30 to 2/3, the price changed from 8254.860 to 8209.101, and IV fluctuated [66] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [66] - Skew index: Today's skew index is 104.03, different from previous days [71] L. Shanghai Composite 50 Index - 9 - day data: From 2026/1/30 to 2/3, the price changed from 3066.496 to 3034.580, and IV had corresponding changes [79] - IV quantiles: High quantiles for both monthly and next - month IV in the past 1 and 2 years [79] - Skew index: Today's skew index is 95.93, varying from previous days [81]

1. Report Industry Investment Rating There is no information provided in the content regarding the industry investment rating. 2. Core Viewpoints There is no explicit core view presented in the given content. 3. Summary by Related Catalogs 3.1 50ETF - The price, daily change, and implied volatility (IV) of 50ETF from January 28 - 30, 2026 are presented, with the price rising on January 29 and falling on January 30 [1]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided, showing relatively high IV quantiles [1]. - Graphs display the price, IV, skew index, and other indicators' trends over different time periods [1][2]. 3.2 Shanghai 300ETF - The price, daily change, and IV of Shanghai 300ETF from January 27 - 30, 2026 are shown, with price fluctuations during this period [3]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are given, with high IV quantiles [3]. - Various graphs illustrate the price, IV, skew index, and other trends [3][6]. 3.3 Shenzhen 300ETF - The price, daily change, and IV of Shenzhen 300ETF from January 28 - 30, 2026 are presented, with price changes and IV fluctuations [7]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided, indicating high IV quantiles [7]. - Graphs show the price, IV, skew index, and other trends [7][12]. 3.4 Shanghai CSI 500ETF - The price, daily change, and IV of Shanghai CSI 500ETF from January 28 - 30, 2026 are given, with significant price drops on January 30 [14]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are very high [14]. - Graphs display the price, IV, skew index, and other trends [14][20]. 3.5 Shenzhen CSI 500ETF - The price, daily change, and IV of Shenzhen CSI 500ETF from January 28 - 30, 2026 are shown, with price declines on January 29 and 30 [22]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are high [22]. - Graphs illustrate the price, IV, skew index, and other trends [22][28]. 3.6 ChiNext ETF - The price, daily change, and IV of ChiNext ETF from January 28 - 30, 2026 are presented, with a price increase on January 30 [29]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [29]. - Graphs show the price, IV, skew index, and other trends [29][39]. 3.7 Shenzhen 100ETF - The price, daily change, and IV of Shenzhen 100ETF from January 28 - 30, 2026 are given, with minor price changes [40]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [40]. - Graphs display the price, IV, skew index, and other trends [40][47]. 3.8 Science and Technology Innovation 50ETF - The price, daily change, and IV of Science and Technology Innovation 50ETF from January 28 - 30, 2026 are shown, with price drops on January 29 [49]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [49]. - Graphs illustrate the price, IV, skew index, and other trends [49][54]. 3.9 STAR 50ETF - The price, daily change, and IV of STAR 50ETF from January 28 - 30, 2026 are presented, with price declines on January 29 and 30 [57]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [57]. - Graphs show the price, IV, skew index, and other trends [57][68]. 3.10 300 Index - The price, daily change, and IV of the 300 Index from January 28 - 30, 2026 are given, with a price drop on January 30 [69]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [69]. - Graphs display the price, IV, skew index, and other trends [69][73]. 3.11 1000 Index - The price, daily change, and IV of the 1000 Index from January 28 - 30, 2026 are shown, with price drops on January 29 and 30 [74]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [74]. - Graphs illustrate the price, IV, skew index, and other trends [74][83]. 3.12 Shanghai 50 Index - The price, daily change, and IV of the Shanghai 50 Index from January 28 - 30, 2026 are presented, with a price drop on January 30 [85]. - The IV quantiles of the current - month and next - month contracts in the past 1 and 2 years are provided [85]. - Graphs show the price, IV, skew index, and other trends [85][92].

1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - Not provided in the given content 3. Summary by Related Catalogs 3.1 50ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price fluctuated with a -0.45% drop on the 22nd, -0.80% on the 23rd, and 0.74% increase on the 26th. The current month IV and next month IV also changed accordingly [1]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were relatively high, reaching up to 93.00% and 87.10% respectively [1]. - **Skew Index**: The skew index on January 26, 2026, was 79.16, showing a change compared to previous days [2]. 3.2 Shanghai 300ETF - **Price and Volatility Data**: From January 21 - 23, 2026, the price decreased by 0.06% on the 22nd and 0.49% on the 23rd. The current month IV and next month IV increased [3]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 60.70% - 77.20% [3]. - **Skew Index**: The skew index on January 21, 2026, was 84.90, with changes in previous days [6]. 3.3 Shenzhen 300ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price decreased by 0.57% on the 23rd and then increased by 0.31% on the 26th. The current month IV and next month IV increased [7]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 16.70% - 49.00% [7]. - **Skew Index**: The skew index on January 22, 2026, was 97.70, with changes in previous days [13]. 3.4 Shanghai CSI 500ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 1.74% on the 22nd, 3.40% on the 23rd, and 1.12% on the 26th. The current month IV and next month IV increased significantly [15]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were relatively high, reaching up to 92.20% and 82.00% respectively [15]. - **Skew Index**: The skew index on January 26, 2026, was 90.65, with changes in previous days [18]. 3.5 Shenzhen CSI 500ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 0.57% on the 22nd, 2.94% on the 23rd, and decreased by 1.64% on the 26th. The current month IV and next month IV changed accordingly [21]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 41.90% - 90.20% [21]. - **Skew Index**: The skew index on January 22, 2026, was 95.54, with changes in previous days [25]. 3.6 GEM ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 1.04% on the 22nd, 0.66% on the 23rd, and decreased by 0.96% on the 26th. The current month IV and next month IV changed [26]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 20.80% - 61.10% [26]. - **Skew Index**: The skew index on January 26, 2026, was 110.98, with changes in previous days [32]. 3.7 Shenzhen 100ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price decreased by 0.43% on the 23rd and 0.51% on the 26th. The current month IV and next month IV increased [36]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 22.00% - 40.80% [36]. - **Skew Index**: The skew index on January 26, 2026, was 87.24, with changes in previous days [39]. 3.8 Science and Technology Innovation 50ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 0.37% on the 22nd, 0.80% on the 23rd, and decreased by 1.22% on the 26th. The current month IV and next month IV changed [45]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 47.70% - 77.20% [45]. - **Skew Index**: The skew index on January 26, 2026, was 85.15, with changes in previous days [47]. 3.9 STAR 50ETF - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 0.38% on the 22nd, 0.76% on the 23rd, and decreased by 1.20% on the 26th. The current month IV and next month IV changed [51]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 54.10% - 83.10% [51]. - **Skew Index**: The skew index on January 26, 2026, was 83.96, with changes in previous days [57]. 3.10 300 Index - **Price and Volatility Data**: From January 22 - 26, 2026, the price decreased by 0.45% on the 23rd and then increased by 0.10% on the 26th. The current month IV and next month IV increased [63]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 62.10% - 90.60% [63]. - **Skew Index**: The skew index on January 26, 2026, was 96.95, with changes in previous days [67]. 3.11 1000 Index - **Price and Volatility Data**: From January 22 - 26, 2026, the price increased by 0.75% on the 22nd, 1.94% on the 23rd, and decreased by 1.24% on the 26th. The current month IV and next month IV increased [68]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 46.20% - 93.00% [68]. - **Skew Index**: The skew index on January 26, 2026, was 85.96, with changes in previous days [72]. 3.12 Shanghai 50 Index - **Price and Volatility Data**: From January 22 - 26, 2026, the price decreased by 0.46% on the 22nd, 0.69% on the 23rd, and then increased by 0.57% on the 26th. The current month IV and next month IV increased [73]. - **IV Quantiles**: The current month IV quantiles in the past 1 - year and 2 - year periods were in the range of 70.50% - 88.10% [73]. - **Skew Index**: The skew index on January 26, 2026, was 72.37, with changes in previous days [78].

1. Report Industry Investment Rating - No information provided in the content 2. Report's Core View - No clear core view is presented in the given content 3. Summary by Related Catalogs 3.1 ETFs and Indexes Information - For 50ETF, from January 15 - 19, 2026, the price decreased from 3.180 to 3.153 with corresponding fluctuations in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 13.34% to 11.85%, and the next - month IV decreased from 16.60% to 14.98%. The current - month IV quantile in the past 1 year was 24.00%, and 24.10% in the past 2 years [1]. - For沪300ETF, from January 14 - 19, 2026, the price fluctuated around 4.7, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 14.17% to 12.20%, and the next - month IV decreased from 18.13% to 15.66%. The current - month IV quantile in the past 1 year was 10.60%, and 24.30% in the past 2 years [3]. - For深300ETF, from January 15 - 19, 2026, the price fluctuated slightly around 4.9, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 14.15% to 12.62%, and the next - month IV decreased from 17.88% to 15.98%. The current - month IV quantile in the past 1 year was 27.30%, and 31.00% in the past 2 years [9]. - For沪中证500ETF, from January 15 - 19, 2026, the price increased from 8.277 to 8.348, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 25.69% to 19.87%, and the next - month IV decreased from 26.19% to 22.76%. The current - month IV quantile in the past 1 year was 90.60%, and 84.20% in the past 2 years [13]. - For深中证500ETF, from January 15 - 19, 2026, the price increased from 3.299 to 3.328, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 25.46% to 19.22%. The current - month IV quantile in the past 1 year was 89.30%, and 80.90% in the past 2 years [21]. - For创业板ETF, from January 15 - 19, 2026, the price decreased from 3.352 to 3.318, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 26.83% to 20.83%, and the next - month IV decreased from 31.25% to 26.13%. The current - month IV quantile in the past 1 year was 63.60%, and 37.10% in the past 2 years [27]. - For深证100ETF, from January 15 - 19, 2026, the price decreased from 3.543 to 3.531, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 18.75% to 16.10%, and the next - month IV decreased from 22.51% to 20.58%. The current - month IV quantile in the past 1 year was 44.00%, and 45.30% in the past 2 years [37]. - For科创50ETF, from January 15 - 19, 2026, the price fluctuated around 1.5, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 32.94% to 25.92%, and the next - month IV decreased from 37.63% to 32.41%. The current - month IV quantile in the past 1 year was 36.30%, and 41.50% in the past 2 years [46]. - For科创板50ETF, from January 15 - 19, 2026, the price fluctuated around 1.5, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 32.08% to 23.99%, and the next - month IV decreased from 35.34% to 31.32%. The current - month IV quantile in the past 1 year was 65.30%, and 59.50% in the past 2 years [51]. - For 300指数, from January 15 - 19, 2026, the price fluctuated around 4700, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 15.16% to 16.20%, and the next - month IV decreased from 19.21% to 18.42%. The current - month IV quantile in the past 1 year was 56.30%, and 49.80% in the past 2 years [59]. - For 1000指数, from January 15 - 19, 2026, the price increased from 8240.775 to 8265.646, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 25.40% to 23.17%, and the next - month IV decreased from 26.06% to 24.15%. The current - month IV quantile in the past 1 year was 65.40%, and 68.30% in the past 2 years [64]. - For上证50指数, from January 15 - 19, 2026, the price decreased from 3105.575 to 3075.936, with corresponding changes in the underlying asset's price change rate, current - month IV, and next - month IV; the current - month IV decreased from 13.95% to 15.52%, and the next - month IV decreased from 67.66% to 55.03%. The current - month IV quantile in the past 1 year was 40.80%, and 36.60% in the past 2 years [70]. 3.2 Skew Index Information - The skew index of 50ETF's main contract month was 94.83 today [2]. - The skew index of沪300ETF's main contract month was 92.10 today [5]. - The skew index of深300ETF's main contract month was 98.93 today [11]. - The skew index of沪中证500ETF's main contract month was 90.61 today [16]. - The skew index of深中证500ETF's main contract month was 100.00 today [26]. - The skew index of创业板ETF's main contract month was 96.29 today [33]. - The skew index of深证100ETF's main contract month was 92.08 today [40]. - The skew index of科创50ETF's main contract month was 89.48 today [48]. - The skew index of科创板50ETF's main contract month was 96.98 today [54]. - The skew index of 300指数's main contract month was 87.68 today [63]. - The skew index of 1000指数's main contract month was 88.56 today [69]. - The skew index of上证50指数's main contract month was 85.85 today [76]. 3.3 Other Information - The expiration of the current - month contracts for 50ETF,沪300ETF,深300ETF,沪中证500ETF,深中证500ETF,创业板ETF,深证100ETF,科创50ETF, and科创板50ETF was 7 days away; the expiration of the current - month contracts for 300指数, 1000指数, and上证50指数 was 20 days away [1][3][9]

1. Report Industry Investment Rating No relevant content provided. 2. Report Core Viewpoints No clear core viewpoints are presented in the provided text. The document mainly offers detailed data and charts regarding various financial products such as ETFs and indices, including price, implied volatility, and skew index information. 3. Summary by Related Catalogs a. 50ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price dropping from 3.187 to 3.160, and the implied volatility of the current and next months showing a downward trend [1] - The current - month implied volatility quantiles are 58.30%, 24.00%, and 19.10% for the past year, and 54.30%, 29.20%, 24.10% for the past two years; the next - month implied volatility quantiles are 84.80%, 74.60%, 78.90% for the past year, and 75.60%, 65.70%, 68.90% for the past two years [1] - The skew index of the main contract month is 92.27 today [2] b. Shanghai 300ETF - 8 - day price, daily change, and implied volatility data from January 13 - 16, 2026, with the price fluctuating around 4.8 - 4.9, and the implied volatility of the current and next months also changing [3] - The current - month implied volatility quantiles are 73.40%, 32.20%, etc., and the next - month implied volatility quantiles are 90.70%, 82.40%, etc., for different time frames [3] - The skew index of the main contract month is 94.92 today [5] c. Shenzhen 300ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 4.9, and the implied volatility of the current and next months changing [6] - The current - month implied volatility quantiles are 52.60%, 27.30%, etc., and the next - month implied volatility quantiles are 87.70%, 76.40%, etc., for different time frames [6] - The skew index of the main contract month is 93.04 today [11] d. Shanghai CSI 500ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 8.3, and the implied volatility of the current and next months showing a downward trend [13] - The current - month implied volatility quantiles are 95.90%, 90.60%, etc., and the next - month implied volatility quantiles are 98.30%, 93.20%, etc., for different time frames [13] - The skew index of the main contract month is 90.61 today [17] e. Shenzhen CSI 500ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 3.3, and the implied volatility of the current and next months changing [23] - The current - month implied volatility quantiles are 94.60%, 89.30%, etc., and the next - month implied volatility quantiles are 98.30%, 93.60%, etc., for different time frames [23] - The skew index of the main contract month is 87.84 today [28] f. ChiNext ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 3.3, and the implied volatility of the current and next months showing a downward trend [29] - The current - month implied volatility quantiles are 64.80%, 63.60%, etc., and the next - month implied volatility quantiles are 75.90%, 75.10%, etc., for different time frames [29] - The skew index of the main contract month is 89.89 today [35] g. Shenzhen 100ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 3.5, and the implied volatility of the current and next months showing a downward trend [39] - The current - month implied volatility quantiles are 62.00%, 44.00%, etc., and the next - month implied volatility quantiles are 73.80%, 72.90%, etc., for different time frames [39] - The skew index of the main contract month is 89.29 today [42] h. Science and Technology Innovation 50ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 1.5 - 1.6, and the implied volatility of the current and next months changing [48] - The current - month implied volatility quantiles are 80.80%, 76.80%, etc., and the next - month implied volatility quantiles are 84.80%, 84.30%, etc., for different time frames [48] - The skew index of the main contract month is 26.92 today [50] i. STAR 50ETF - 8 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 1.5 - 1.6, and the implied volatility of the current and next months changing [53] - The current - month implied volatility quantiles are 65.30%, 65.20%, etc., and the next - month implied volatility quantiles are 77.60%, 78.40%, etc., for different time frames [53] - The skew index of the main contract month is 71.44 today [59] j. 300 Index - 21 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 4700 - 4800, and the implied volatility of the current and next months changing [64] - The current - month implied volatility quantiles are 52.20%, 56.30%, etc., and the next - month implied volatility quantiles are 88.10%, 80.40%, etc., for different time frames [64] - The skew index of the main contract month is 89.05 today [67] k. 1000 Index - 21 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 8200 - 8300, and the implied volatility of the current and next months changing [68] - The current - month implied volatility quantiles are 77.50%, 82.80%, etc., and the next - month implied volatility quantiles are 88.10%, 82.40%, etc., for different time frames [68] - The skew index of the main contract month is 90.85 today [72] l. SSE 50 Index - 21 - day price, daily change, and implied volatility data from January 14 - 16, 2026, with the price around 3000 - 3100, and the implied volatility of the current and next months changing [78] - The current - month implied volatility quantiles are 65.70%, 40.80%, etc., and the next - month implied volatility quantiles are 97.10%, 94.20%, etc., for different time frames [78] - The skew index of the main contract month is 90.69 today [83]

Report Industry Investment Rating - Not provided in the given content Core Viewpoints - Not provided in the given content Summary by Related Catalogs 1. 50ETF - From January 13 - 15, 2026, the price decreased from 3.214 to 3.180 with a cumulative decline of about 1.06%, and both the current - month IV and next - month IV decreased [1] - The next - month IV quantiles in the past 1 and 2 years were relatively high, at 86.40% and 77.30% respectively on January 15, 2026 [1] 2. Shanghai 300ETF - From January 12 - 15, 2026, the price fluctuated slightly, and the current - month IV and next - month IV generally decreased [3] - The next - month IV quantiles in the past 1 and 2 years were relatively high, and the current - month IV quantiles also showed certain characteristics [3] 3. Shenzhen 300ETF - From January 13 - 15, 2026, the price first decreased and then increased slightly, and the current - month IV and next - month IV decreased [7] - The next - month IV quantiles in the past 1 and 2 years were relatively high, and the current - month IV quantiles had different levels [7] 4. Shanghai CSI 500ETF - From January 13 - 15, 2026, the price fluctuated, and the current - month IV and next - month IV decreased [15] - The current - month and next - month IV quantiles in the past 1 and 2 years were relatively high [15] 5. Shenzhen CSI 500ETF - From January 13 - 15, 2026, the price fluctuated slightly, and the current - month IV and next - month IV decreased [22] - The current - month and next - month IV quantiles in the past 1 and 2 years were relatively high [22] 6. ChiNext ETF - From January 13 - 15, 2026, the price increased slightly, and the current - month IV and next - month IV decreased [28] - The current - month and next - month IV quantiles in the past 1 and 2 years showed certain levels [28] 7. Shenzhen 100ETF - From January 13 - 15, 2026, the price increased slightly, and the current - month IV and next - month IV decreased [38] - The current - month and next - month IV quantiles in the past 1 and 2 years were at different levels [38] 8. Science and Technology Innovation 50ETF - From January 13 - 15, 2026, the price fluctuated, and the current - month IV and next - month IV showed certain changes [47] - The current - month and next - month IV quantiles in the past 1 and 2 years were relatively high [47] 9. Science and Technology Innovation Board 50ETF - From January 13 - 15, 2026, the price decreased slightly, and the current - month IV and next - month IV decreased [53] - The current - month and next - month IV quantiles in the past 1 and 2 years were relatively high [53] 10. 300 Index - From January 13 - 15, 2026, the price first decreased and then increased slightly, and the current - month IV and next - month IV changed accordingly [65] - The current - month and next - month IV quantiles in the past 1 and 2 years were at different levels [65] 11. 1000 Index - From January 13 - 15, 2026, the price fluctuated, and the current - month IV and next - month IV showed certain trends [70] - The current - month and next - month IV quantiles in the past 1 and 2 years were at different levels [70] 12. Shanghai Composite 50 Index - From January 13 - 15, 2026, the price decreased slightly, and the current - month IV and next - month IV decreased [80] - The current - month and next - month IV quantiles in the past 1 and 2 years were at different levels [80]