玉米淀粉期权

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产业参与有序 功能稳步发挥
Qi Huo Ri Bao Wang· 2025-08-24 16:22
鸡蛋、玉米淀粉、生猪期权上市一周年 2024年8月23日,鸡蛋、玉米淀粉、生猪期权(下称三个期权)在大商所挂牌上市。上市一年来,三个 期权运行平稳,产业参与有序,功能稳步发挥。 截至2025年8月22日收盘,三个期权共运行了242个交易日。其中,鸡蛋期权日均成交量、日均成交额和 日均持仓量分别为4.6万手、1321.0万元和7.9万手,成交量、持仓量分别占标的期货的18.8%和17.8%。 玉米淀粉期权日均成交量、日均成交额和日均持仓量分别为1.5万手、347.4万元和4.4万手,成交量、持 仓量分别占标的期货的10.5%和15.7%。生猪期权日均成交量、日均成交额和日均持仓量分别为0.8万 手、1601.9万元和2.9万手,成交量、持仓量分别占标的期货的13.7%和18.6%。 国泰君安期货研究所期权研究员张银告诉期货日报记者,鸡蛋期权自上市以来,市场活跃度快速上升, 近期成交规模突破17万手,主力期权成交量一度达到主力期货合约成交量的65%。生猪期权成交规模从 上市初期的2700手增加至约13000手,主力期权成交量与主力期货合约成交量的比值从7%上升至45%。 玉米淀粉期权成交规模从上市初期的5000手 ...
国泰君安期货商品期权日报-2025-03-10
Guo Tai Jun An Qi Huo· 2025-03-10 06:42
Investment Rating - The report suggests a cautious approach towards the agricultural commodities sector, recommending selling out-of-the-money call options for glass and considering buying out-of-the-money options for soybean meal and soybean oil as potential hedging strategies [2]. Core Insights - The report highlights a downward trend in futures prices for various agricultural commodities, with specific recommendations for trading strategies based on market volatility and price movements [2][3]. - It emphasizes the potential for price increases in soybean meal and soybean oil, suggesting that investors may benefit from buying options to hedge against risks [2]. Agricultural Data Summary - **Futures Market Statistics**: - Corn (c2505) closed at 2308 with no change, while soybean meal (m2505) decreased by 8 to 2885. Palm oil (p2505) saw an increase of 144 to 9106, indicating mixed performance across different commodities [3]. - **Options Market Statistics**: - The trading volume for corn options was 51,926, down by 40,988, with a put-call ratio (PCR) of 0.9533. Soybean meal options showed a significant drop in trading volume, indicating reduced market activity [6]. - **Volatility Indicators**: - The report provides insights into the implied volatility for various commodities, with soybean meal showing a 60-day historical volatility of 22.28% and corn at 10.98%, suggesting varying levels of market uncertainty [8]. Energy and Chemical Data Summary - **Futures Market Statistics**: - PTA (ta2505) closed at 4864, up by 22, while ethylene glycol (eg2505) decreased by 6 to 4538. The report notes significant changes in trading volumes across various chemical commodities [9]. - **Options Market Statistics**: - The trading volume for PTA options was 214,104, down by 111,296, indicating a decline in market engagement [10]. - **Volatility Indicators**: - PTA options showed a 60-day historical volatility of 14.64%, reflecting market expectations of price fluctuations [11]. Metal Data Summary - **Futures Market Statistics**: - Iron ore (i2505) closed at 774.0, with a slight increase of 1.0, while rebar (rb2505) decreased by 30 to 3252, indicating mixed performance in the metal sector [12]. - **Options Market Statistics**: - The trading volume for iron ore options was 124,608, down by 67,787, suggesting reduced trading activity [13]. - **Volatility Indicators**: - Iron ore options displayed a 60-day historical volatility of 15.68%, indicating moderate market uncertainty [14]. Precious Metals Data Summary - **Futures Market Statistics**: - Gold (au2506) closed at 681.24, down by 1.16, while silver (ag2506) decreased by 7 to 8069, reflecting a downward trend in precious metals [16]. - **Options Market Statistics**: - The trading volume for gold options was 70,981, down by 21,215, indicating a decline in market participation [18]. - **Volatility Indicators**: - Gold options showed a PCR of 1.593, suggesting a higher level of put options relative to calls, indicating bearish sentiment in the market [18].