来源：期货日报 作者：牛秋乐 冯世佃 各品种期权标的全部收红，期权隐含波动率回升，市场情绪转暖。数据显示，上证50ETF期权加权隐含波动率为 0.1527，上交所沪深300ETF期权加权隐含波动率为0.1516，上交所中证500ETF期权加权隐含波动率为0.1711，华夏科 创50ETF期权加权隐含波动率为0.2749，深交所沪深300ETF期权加权隐含波动率为0.1595，深交所中证500ETF期权加 权隐含波动率为0.1816，深证100ETF期权加权隐含波动率为0.1925，沪深300股指期权加权隐含波动率为0.1432，中证 1000股指期权加权隐含波动率为0.2058，上证50股指期权加权隐含波动率为0.157。 未来股市将延续强势，期权隐含波动率也将继续走高。短线重点关注波动率策略。中线来看，股市运行重心上 移，大幅下跌的概率较小，故可逢回调积极做多，或构建远月合成多头组合，也可滚动卖出看跌期权。 5月14日，A股震荡走高，权重领涨。 期权各品种成交活跃度全线提升，持仓量持续增加。上证50ETF期权成交量为1964625张，持仓量为1421097张， 成交额为7.2亿元；上交所沪深300ETF期权 ...

Market Performance - On April 16, the A-share market showed a mixed performance with the Shanghai Composite Index rising by 0.26% while the Shenzhen Index and the ChiNext Index fell by 0.85% and 1.21% respectively [1] - The STAR 50 Index increased by 0.81% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 11,119 billion yuan [1] Options Market Activity - All varieties of options saw increased trading activity with overall open interest continuing to grow [2] - The trading volume for the Shanghai Stock Exchange 50 ETF options was 1,285,515 contracts with an open interest of 1,594,677 contracts and a transaction value of 431 million yuan [2] - The trading volume for the CSI 300 ETF options was 1,369,245 contracts with an open interest of 1,414,333 contracts and a transaction value of 715 million yuan [2] - The trading volume for the CSI 500 ETF options was 1,632,882 contracts with an open interest of 1,216,514 contracts and a transaction value of 1,381 million yuan [2] - The trading volume for the ChiNext ETF options was 1,347,656 contracts with an open interest of 1,583,698 contracts and a transaction value of 507 million yuan [2] Implied Volatility - Various underlying assets experienced a rebound from low levels, while the implied volatility of options remained at year-to-date lows [3] - The weighted implied volatility for the Shanghai Stock Exchange 50 ETF options was 0.1476, while for the CSI 300 ETF options it was 0.173 [3] - The weighted implied volatility for the ChiNext ETF options was 0.2883, indicating a relatively low volatility environment [3] - The analysis suggests that the recent contraction in trading volume and narrowing volatility may not be sustainable, with a potential for a market rebound in the medium to long term [3]