Group 1: Report Summary - The report is the Commodity Options Daily Report on March 26, 2026, providing data on option quotes, positions, and other aspects [1] Group 2: Option Quotes - Among call options, industrial silicon had the highest daily increase of 53.11%, followed by lithium carbonate at 51.40%, and synthetic rubber at 44.05%. Among put options, iron ore had the highest daily increase of 47.75%, followed by fuel oil at 42.12%, and asphalt at 36.38% [1] Group 3: Option Positions - In terms of call option position daily changes, p-xylene had the largest increase of 23,812, followed by corn at 20,719, and soda ash at 20,087. For put options, coking coal had an increase of 5,133, methanol had an increase of 4,572, and ethylene glycol had an increase of 4,070 [2] Group 4: Option Position Put - Call Ratio (PCR) - High - position PCR varieties include fuel oil with a PCR of 1.8962, short - fiber with 1.5285, and apple with 1.4112. Low - position PCR varieties include live pigs with 0.2019, red dates with 0.2475, and alumina with 0.3471 [5] Group 5: Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties include propylene with a PCR of 9.625, short - fiber with 9.5778, and polypropylene with 2.3977. Low - volume PCR varieties include red dates with 0.1836, soda ash with 0.2033, and polysilicon with 0.2218 [6] Group 6: Daily Selections - Call option selections include synthetic rubber, ferromanganese silicon, and coking coal. Put option selections include soybeans No.1, soybeans No.2, and rapeseed meal [7] Group 7: Near - Expiry Options - For call options, p - xylene, red dates, and apples are near - expiry. For put options, p - xylene, red dates, and apples are also near - expiry, with corresponding break - even prices and price increase/decrease rates provided [8]

Group 1: Report Industry Investment Rating - No relevant content found Group 2: Core View of the Report - The report presents the daily data of commodity options on March 25, 2026, including option quotes, positions, position put - call ratios (PCR), trading volume PCR, daily selections, and near - expiration options [1][2][5][6][7][8][9] Group 3: Summary by Directory Option Quotes - For call options, tin had the highest daily increase of 173.43%, followed by silver (44.54%), copper (32.25%), etc. For put options, soybeans No.1 had a daily increase of 85.45%, p - xylene 81.80%, and ethylene glycol 54.60% [1] Option Positions - In call options, glass had the largest daily change in position of 18,336, followed by coking coal (14,436) and soybean meal (11,830). In put options, lithium carbonate had a daily change of 9,219, methanol 7,659, and fuel oil 7,363 [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties included fuel oil (2.0307), p - xylene (1.5707), and short - fiber (1.5258). Low - position PCR varieties included live hogs (0.1924), red dates (0.244), and coking coal (0.368) [5] Option Trading Volume Put - Call Ratio (PCR) - High - trading volume PCR varieties included short - fiber (5.7926), propylene (1.8022), and polypropylene (1.5394). Low - trading volume PCR varieties included coking coal (0.1851), red dates (0.1967), and soda ash (0.217) [6] Daily Selections - Call options: synthetic rubber, coking coal, ferrosilicon, etc. were selected, with trend degrees mostly around 50 and different put - call ratios and remaining days. Put options: aluminum, gold, SSE 50, etc. were selected, with negative trend degrees and corresponding put - call ratios and remaining days [7] Near - Expiration Options - For call options, apples, red dates, p - xylene, etc. were listed, showing the remaining days, option closing prices, underlying settlement prices, break - even points, and target prices and increases for option doubling. For put options, similar information for various varieties was provided, including break - even points and target prices and decreases for option doubling [8][9]

1. Report Industry Investment Rating - No relevant content provided 2. Core Viewpoints of the Report - The report presents data on commodity option daily market, including option price changes, position changes, put - call ratios of positions and trading volumes, daily option selections, and information on near - expiration options [1][2][5][6][7][8] 3. Summary by Relevant Catalogs Option Price Changes - Among call options, lead had the highest daily increase of 85.52%, followed by alumina (37.79%), manganese silicon (30.71%), etc. Among put options, pulp had the highest daily increase of 65.62%, followed by offset printing paper (61.90%), zinc (43.77%), etc [1] Option Position Changes - For call options, sugar had the largest daily position change of 16314, followed by corn (15329), fuel oil (15196), etc. For put options, methanol had the largest daily position change of 16448, followed by cotton (10035), asphalt (9572), etc [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties included p - xylene (1.9066), fuel oil (1.6502), apple (1.5912), etc. Low - position PCR varieties included live pigs (0.2179), red dates (0.2275), coking coal (0.3493), etc [5] Option Trading Volume Put - Call Ratio (PCR) - High - trading - volume PCR varieties included short - fiber (2.0144), propylene (1.8318), soybean No.2 (1.1925), etc. Low - trading - volume PCR varieties included logs (0.132), red dates (0.1439), alumina (0.2123), etc [6] Daily Option Selections - Call option selections included iron ore, alumina, manganese silicon, etc. Put option selections included gold, zinc, live pigs, etc [7] Near - Expiration Options - For call options, fuel oil, SSE 50, CSI 300, and CSI 1000 options were listed. For put options, fuel oil, SSE 50, CSI 300, and CSI 1000 options were also listed, along with information on remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling points [8]

1. Report Industry Investment Rating - No relevant content provided 2. Core View of the Report - The report presents the daily data on commodity options, including option quotes, positions, put - call ratios of positions and trading volumes, daily selections, and information on near - expiration options [1] 3. Summary by Directory 3.1 Option Quotes - Among call options, asphalt had the highest daily increase of 68.16%, followed by log at 51.79% and plastic at 46.71%. Among put options, lead had the highest daily increase of 82.89%, followed by rapeseed meal at 60.95% and live pigs at 56.25% [1] 3.2 Option Positions - For call options, styrene had the largest daily change in position of 85,909, followed by PVC at 54,660 and soybean meal at 39,675. For put options, styrene had a daily change in position of 61,647, PVC at 45,757 and PTA at 16,271 [2] 3.3 Option Position Put - Call Ratio (PCR) - High - position PCR varieties included p - xylene with a PCR of 1.9246, fuel oil at 1.8953, and apple at 1.6672. Low - position PCR varieties included live pigs with a PCR of 0.2292, red dates at 0.2309, and urea at 0.3616 [5] 3.4 Option Trading Volume Put - Call Ratio (PCR) - High - trading - volume PCR varieties included short - fiber with a PCR of 2.2882, silver at 1.3686, and copper at 1.3311. Low - trading - volume PCR varieties included red dates with a PCR of 0.1402, alumina at 0.2019, and industrial silicon at 0.2037 [6] 3.5 Daily Selections - Call option selections included PTA, ethylene glycol, sugar, etc., all with a trend degree of 55. Put option selections included zinc, gold, lead, etc., with trend degrees ranging from - 9 to - 55 [7] 3.6 Near - Expiration Options - For call options, iron ore needed the underlying price to rise by 2.11% to break even, ethylene glycol by 2.18%, and styrene by 2.49%. For put options, iron ore needed the underlying price to fall by 0.99% to break even, ethylene glycol by 2.24%, and styrene by 2.61% [8][9]

Group 1: Option Quotes - The daily percentage changes of call options for various commodities are as follows: asphalt 112.07%, tin 22.66%, platinum 22.63%, copper 18.89%, silver 17.29%, bottle chips 17.29%, natural rubber 12.96%, nickel 6.94%, palladium 5.91%, and cotton 0.00% [1] - The daily percentage changes of put options for various commodities are as follows: crude oil 160.40%, ethylene glycol 97.87%, p - xylene 86.86%, liquefied petroleum gas 73.25%, offset printing paper 58.24%, PTA 57.00%, styrene 53.73%, plastic 47.25%, polypropylene 46.48%, and soybean oil 41.04% [1] Group 2: Option Positions - The daily changes in call option positions for different commodities are: methanol 46373, PTA 33073, soybean meal 17115, soda ash 15539, glass 15167, corn 15030, styrene 11799, sugar 10085, caustic soda 7846, and rebar 7287 [2] - The daily changes in put option positions for different commodities are: styrene 43469, PTA 21180, soybean meal 16414, fuel oil 12427, methanol 9292, corn 8121, cotton 5086, p - xylene 4916, palm oil 4136, and iron ore 3876 [2] Group 3: Option Position Put - Call Ratio PCR - High - position PCR varieties and their PCR values are: fuel oil 2.3679, apple 1.8771, short - fiber 1.8171, styrene 1.7204, crude oil 1.6227, propylene 1.5756, synthetic rubber 1.3121, PTA 1.3042, pure benzene 1.2202, and liquefied petroleum gas 1.1647 [5] - Low - position PCR varieties and their PCR values are: live pigs 0.2434, red dates 0.2486, alumina 0.3171, soda ash 0.3571, coking coal 0.4098, natural rubber 0.4182, urea 0.4184, sugar 0.4214, industrial silicon 0.4653, and logs 0.4679 [5] Group 4: Option Volume Put - Call Ratio PCR - High - volume PCR varieties and their PCR values are: propylene 4.8296, pure benzene 2.0913, short - fiber 2.0615, polypropylene 1.686, cast aluminum alloy 1.534, bottle chips 1.3155, synthetic rubber 1.2205, rapeseed oil 1.0802, plastic 1.0575, and PTA 1.0359 [6] - Low - volume PCR varieties and their PCR values are: red dates 0.0919, live pigs 0.1216, polysilicon 0.1702, nickel 0.2152, urea 0.2331, peanuts 0.2506, natural rubber 0.2579, alumina 0.2761, coking coal 0.3232, and rebar 0.3315 [6] Group 5: Daily Selections - Call option daily selections include silicon iron, styrene, aluminum, bottle chips, iron ore, soybean meal, fuel oil, and rebar, with details on futures contracts, option contracts, trend degrees, put - call ratios, and remaining days [7] - Put option daily selections include SSE 50, copper, zinc, lead, nickel, gold, CSI 300, and live pigs, with details on futures contracts, option contracts, trend degrees, put - call ratios, and remaining days [7] Group 6: Near - Expiration Options - Call near - expiration options for glass, methanol, short - fiber, peanuts, propylene, bottle chips, soda ash, silicon iron, caustic soda, manganese silicon, PTA, urea, and crude oil are presented, including remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling conditions [8] - Put near - expiration options for glass, methanol, short - fiber, peanuts, propylene, bottle chips, soda ash, silicon iron, caustic soda, manganese silicon, PTA, urea, and crude oil are presented, including remaining days, option closing prices, underlying settlement prices, break - even points, and option doubling conditions [9]

Group 1: Report Industry Investment Rating - There is no information about the report industry investment rating in the provided content. Group 2: Core View of the Report - The report presents data on commodity option market conditions on March 6, 2026, including daily option price changes, option positions, option position put - call ratios (PCR), option trading volume put - call ratios (PCR), daily option selections, and expiring options [1][2][5][6][7][8]. Group 3: Summary by Related Catalogs Option Quotes - For call options, the top five commodities with the highest daily price increases are styrene (123.33%), caustic soda (118.81%), pure benzene (107.53%), staple fiber (106.14%), and propylene (87.13%). For put options, the top five commodities with the highest daily price increases are liquefied petroleum gas (21.76%), natural rubber (15.91%), tin (14.98%), soybeans No.1 (13.10%), and nickel (10.18%) [1]. Option Positions - For call options, the top five commodities with the largest daily position increases are methanol (30095), iron ore (15713), styrene (9888), corn (9686), and PVC (8761). For put options, the top five commodities with the largest daily position increases are methanol (43286), PTA (27230), fuel oil (20350), caustic soda (16530), and lithium carbonate (14232) [2]. Option Position Put - Call Ratio (PCR) - High - position PCR commodities include apple (2.2129), crude oil (1.8414), fuel oil (1.7306), staple fiber (1.4593), and synthetic rubber (1.2941). Low - position PCR commodities include live pigs (0.2734), red dates (0.2836), alumina (0.284), coking coal (0.3516), and soda ash (0.3696) [5]. Option Trading Volume Put - Call Ratio (PCR) - High - trading volume PCR commodities include propylene (1.5201), silver (1.4534), staple fiber (1.1632), pure benzene (0.9517), and ferrosilicon (0.9297). Low - trading volume PCR commodities include red dates (0.1299), live pigs (0.1609), urea (0.1791), PVC (0.2091), and aluminum (0.2438) [6]. Daily Option Selections - Call option selections include aluminum, rapeseed oil, styrene, ethylene glycol, plastic, synthetic rubber, PTA, and soybeans No.2. Put option selections include SSE 50, polysilicon, live pigs, urea, CSI 300, peanuts, nickel, and eggs [7]. Expiring Options - For call options, commodities include lithium carbonate, industrial silicon, and polysilicon. For put options, commodities also include lithium carbonate, industrial silicon, and polysilicon. The report provides information on remaining days, option closing prices, underlying settlement prices, break - even points, and price levels for option doubling [8].

Report Summary 1. Report Industry Investment Rating No relevant information provided. 2. Core View of the Report No clear core view is presented in the provided content. The report mainly offers data on commodity option trading, including daily price changes, position changes, put - call ratios, and details of selected and near - expiration options. 3. Summary by Related Tables Table 1: Option Quotes - The daily price increases of call options for liquefied petroleum gas, crude oil, and apple are 125.17%, 118.22%, and 92.23% respectively. The daily price increases of put options for tin, lithium carbonate, and aluminum are 88.55%, 86.57%, and 56.82% respectively [1]. Table 2: Option Positions - The daily position changes of call options for glass, PVC, and lithium carbonate are 23249, 12409, and 12097 respectively. The daily position changes of put options for methanol, fuel oil, and soda ash are 52355, 16997, and 9061 respectively [2]. Table 3: Option Position Put - Call Ratio (PCR) - High - PCR call options include apple (2.3111), crude oil (1.2782), and short - fiber (1.1914). Low - PCR put options include live pigs (0.2848), red dates (0.2857), and alumina (0.3118) [5]. Table 4: Option Trading Volume Put - Call Ratio (PCR) - High - PCR call options include polysilicon (1.3523), lithium carbonate (1.2982), and industrial silicon (1.1053). Low - PCR put options include red dates (0.155), urea (0.1657), and asphalt (0.196) [6]. Table 5: Daily Selections - Call options such as asphalt (bu2606C3800), bottle chips (PR605C6900), and rapeseed oil (OI605C9700) have a trend degree of 55. Put options such as polysilicon (ps2605 - P - 43000), live pigs (lh2605 - P - 11000), and industrial silicon (si2605 - P - 8000) have negative trend degrees [7]. Table 6: Near - Expiration Options - For call options of lithium carbonate, industrial silicon, and polysilicon, the remaining days are 3, and the corresponding break - even target price increases are 2.33%, 1.67%, and 2.94% respectively. For put options of these three commodities, the break - even target price decreases are - 5.82%, - 1.34%, and - 2.70% respectively [8].

Group 1: Industry Investment Rating - No information provided Group 2: Core View - No information provided Group 3: Option Quotes - The daily price increase rates of call options for various commodities are as follows: tin 104.26%, ferrosilicon 74.52%, copper 27.67%, manganese silicon 27.39%, sugar 27.34%, eggs 26.88%, platinum 26.33%, zinc 17.80%, palm oil 16.08%, and crude oil 14.81%. The daily price increase rates of put options for various commodities are as follows: propylene 51.80%, PVC 39.46%, pulp 36.19%, polypropylene 30.61%, alumina 29.55%, plastic 25.94%, methanol 23.53%, red dates 20.77%, synthetic rubber 14.88%, and styrene 10.47% [1] Group 4: Option Positions - The daily changes in call option positions for various commodities are as follows: methanol 42028, glass 27190, soda ash 17643, PVC 16362, PTA 15065, cotton 12772, caustic soda 10291, manganese silicon 10087, palm oil 8101, and soybean meal 8074. The daily changes in put option positions for various commodities are as follows: PTA 15096, lithium carbonate 11910, methanol 10669, manganese silicon 8454, PVC 7858, corn 7133, styrene 6175, soda ash 5954, caustic soda 5866, and alumina 5639 [2] Group 5: Option Position Put - Call Ratio (PCR) - High - position PCR varieties and their PCR values are: apple 2.0265, lithium carbonate 1.2326, soybean 1.1437, short - fiber 1.1405, styrene 1.05, tin 1.0212, silver 1.014, propylene 1.0071, bottle chips 0.9794, and synthetic rubber 0.9697. Low - position PCR varieties and their PCR values are: red dates 0.2872, live pigs 0.2896, alumina 0.2933, soda ash 0.3322, PVC 0.375, coking coal 0.3751, methanol 0.4079, industrial silicon 0.4306, sugar 0.463, and glass 0.4653 [5] Group 6: Option Trading Volume Put - Call Ratio (PCR) - High - trading - volume PCR varieties and their PCR values are: polysilicon 1.5862, plastic 1.2309, offset printing paper 1.1098, polypropylene 1.076, pure benzene 1.001. Low - trading - volume PCR varieties and their PCR values are: red dates 0.1915, ferrosilicon 0.2522, tin 0.2833, soybean 0.2905, sugar 0.2914, soybean oil 0.3126, manganese silicon 0.3272, ethylene glycol 0.3278, natural rubber 0.3377, and live pigs 0.3477 [6] Group 7: Daily Selections - Call options: 1. Lithium carbonate (lc2605, lc2605 - C - 184000, trend degree 55, put - call ratio 1.23, remaining days 40); 2. CSI 1000 (IM2606, MO2606 - C - 9000, trend degree 55, put - call ratio 1.07, remaining days 115); 3. Soybean (a2605, a2605 - C - 4750, trend degree 55, put - call ratio 1.14, remaining days 49); 4. Corn (c2605, c2605 - C - 2360, trend degree 55, put - call ratio 0.68, remaining days 49); 5. Silver (ag2606, ag2606C23100, trend degree 53, put - call ratio 1.01, remaining days 87); 6. Soybean oil (y2605, y2605 - C - 8300, trend degree 53, put - call ratio 0.75, remaining days 49); 7. Cotton (CF605, CF605C15400, trend degree 53, put - call ratio 0.76, remaining days 45); 8. Soybean meal (m2605, m2605 - C - 2850, trend degree 53, put - call ratio 0.53, remaining days 49). - Put options: 1. PVC (v2605, v2605 - P - 4600, trend degree - 55, put - call ratio 0.38, remaining days 49); 2. Polysilicon (ps2605, ps2605 - P - 45000, trend degree - 53, put - call ratio 0.85, remaining days 40); 3. Coking coal (jm2605, jm2605 - P - 1040, trend degree - 51, put - call ratio 0.38, remaining days 49); 4. Plastic (l2605, l2605 - P - 6300, trend degree - 49, put - call ratio 0.59, remaining days 49); 5. Alumina (ao2605, ao2605P2600, trend degree - 47, put - call ratio 0.29, remaining days 56); 6. Peanut (PK605, PK605P7800, trend degree - 45, put - call ratio 0.48, remaining days 45); 7. Ethylene glycol (eg2605, eg2605 - P - 3550, trend degree - 43, put - call ratio 0.48, remaining days 49); 8. Palm oil (p2605, p2605 - P - 8500, trend degree - 41, put - call ratio 0.77, remaining days 49) [7] Group 8: Expiring Options - There are no expiring options on the day [7]

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]

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].