Group 1: Report Industry Investment Rating - No relevant content Group 2: Core View of the Report - No relevant content Group 3: Summary of Related Catalogs Option Quotes - The daily percentage changes of call options for various commodities are as follows: aluminum 110.63%, cast aluminum alloy 52.98%, log 30.00%, polysilicon 25.07%, zinc 24.79%, tin 22.41%, palm oil 21.40%, lithium carbonate 21.29%, gold 20.78%, and ferrosilicon 19.83% [1] - The daily percentage changes of put options for various commodities are as follows: corn 53.85%, caustic soda 43.50%, industrial silicon 41.67%, soda ash 26.67%, corn starch 24.07%, offset printing paper 20.00%, eggs 17.83%, sugar 11.24%, lead 8.19%, and PVC 4.85% [1] Option Positions - The daily changes in call option positions for various commodities are as follows: glass 72484, soda ash 20918, PTA 17053, polysilicon 14673, aluminum 14245, coking coal 14096, rapeseed meal 14071, industrial silicon 12621, corn 12202, and caustic soda 11155 [2] - The daily changes in put option positions for various commodities are as follows: methanol 29780, PTA 14011, glass 11164, lithium carbonate 9399, styrene 7237, ethylene glycol 7034, rapeseed meal 5637, soybean meal 5482, sugar 5166, and iron ore 4908 [2] Option Position Put - Call Ratio (PCR) - High - position PCR varieties and their PCR values are: fuel oil 1.7887, short - fiber 1.5487, styrene 1.5322, methanol 1.5248, crude oil 1.3809, ethylene glycol 1.3654, propylene 1.323, lithium carbonate 1.2158, polypropylene 1.2116, and PTA 1.188 [5] - Low - position PCR varieties and their PCR values are: red dates 0.2068, live pigs 0.207, polysilicon 0.2947, alumina 0.3083, soda ash 0.3261, log 0.3686, urea 0.3696, coking coal 0.3824, apples 0.393, and glass 0.3965 [5] Option Volume Put - Call Ratio (PCR) - High - volume PCR varieties and their PCR values are: propylene 16.4375, short - fiber 7.36, polypropylene 2.0329, iron ore 1.0411, p - xylene 0.9516, cast aluminum alloy 0.9234, copper 0.8426, offset printing paper 0.8077, lead 0.8031, and PTA 0.7501 [6] - Low - volume PCR varieties and their PCR values are: urea 0.1848, polysilicon 0.1914, alumina 0.1967, coking coal 0.2011, live pigs 0.234, palladium 0.2404, tin 0.2569, red dates 0.2611, nickel 0.2795, and aluminum 0.2847 [6] Daily Selections - Call options: manganese silicon (SM606, SM606C6700, trend degree 53, put - call ratio 0.63, remaining days 44), lithium carbonate (lc2607, lc2607 - C - 174000, trend degree 49, put - call ratio 1.22, remaining days 67), synthetic rubber (br2606, br2606C17800, trend degree 49, put - call ratio 0.96, remaining days 56), peanuts (PK610, PK610C8500, trend degree 49, put - call ratio 0.5, remaining days 165), methanol (MA609, MA609C3200, trend degree 45, put - call ratio 1.52, remaining days 135), styrene (eb2606, eb2606 - C - 10800, trend degree 45, put - call ratio 1.53, remaining days 52), urea (UR606, UR606C1900, trend degree 43, put - call ratio 0.37, remaining days 44), polypropylene (pp2606, pp2606 - C - 9600, trend degree 43, put - call ratio 1.21, remaining days 52) [7] - Put options: rapeseed meal (RM609, RM609P2325, trend degree - 55, put - call ratio 0.55, remaining days 135), soybeans No.1 (a2607, a2607 - P - 4400, trend degree - 53, put - call ratio 0.77, remaining days 78), corn (c2607, c2607 - MS - P - 2360, trend degree - 53, put - call ratio 0.53, remaining days 52), alumina (ao2606, ao2606P2850, trend degree - 47, put - call ratio 0.31, remaining days 56), live pigs (lh2607, lh2607 - P - 10800, trend degree - 47, put - call ratio 0.21, remaining days 78), soybean meal (m2607, m2607 - P - 2800, trend degree - 43, put - call ratio 0.85, remaining days 78), soybeans No.2 (b2606, b2606 - P - 3550, trend degree - 37, put - call ratio 0.86, remaining days 52), SSE 50 (IH2606, HO2606 - P - 2800, trend degree - 37, put - call ratio 0.62, remaining days 84) [7] Expiring Options - There are no expiring options on the day [7]

Group 1: Volatility Index Explanation - The implied volatility index of financial options reflects the 30 - day implied volatility trend as of the previous trading day. The implied volatility index of commodity options is obtained by weighting the implied volatilities of the two - strike options above and below the at - the - money option of the main contract month, reflecting the implied volatility change trend of the main contract [1] - The difference between the implied volatility index and historical volatility indicates the relative level of implied volatility compared to historical volatility. A larger difference means the implied volatility is relatively higher, and a smaller difference means it is relatively lower [1] Group 2: Implied Volatility Quantile Explanation - The implied volatility quantile represents the current level of a variety's implied volatility in history. A high quantile means the current implied volatility is high, and a low quantile means it is low [3] - Volatility spread is the implied volatility index minus historical volatility [3]

1. Report Industry Investment Rating - No information provided 2. Core Viewpoints - No information provided 3. Summary by Relevant Catalogs Option Quotes - The daily percentage changes of call options for various commodities are as follows: eggs 84.52%, peanuts 67.65%, rapeseed oil 39.61%, soybean oil 38.57%, iron ore 30.43%, sugar 29.58%, soybeans No. 2 25.19%, PTA 25.17%, methanol 25.06%, and palm oil 20.60%. The daily percentage changes of put options for some commodities are: polysilicon 37.89%, pulp 28.00%, glass 24.10%, ferrosilicon 22.98%, live pigs 16.79%, soda ash 16.05%, red dates 15.38%, gold 14.75%, platinum 14.23%, and silver 12.70% [1] Option Positions - The daily changes in call option positions for various commodities are: p-xylene 83,519, glass 47,014, methanol 24,394, soda ash 22,192, rapeseed meal 11,805, PTA 10,902, lithium carbonate 10,352, sugar 10,019, eggs 9,598, and peanuts 8,820. The daily changes in put option positions are: p-xylene 93,123, methanol 25,633, glass 16,960, lithium carbonate 13,636, apples 12,627, silver 8,229, iron ore 6,972, PTA 5,813, ethylene glycol 5,665, and synthetic rubber 5,002 [2] Option Position Put - Call Ratio (PCR) - High - position PCR commodities include fuel oil (1.8208), short - fiber (1.5512), apples (1.4966), styrene (1.4678), methanol (1.3547), propylene (1.2939), crude oil (1.2707), lead (1.2553), PTA (1.2307), and ethylene glycol (1.2262). Low - position PCR commodities include live pigs (0.2079), red dates (0.266), soda ash (0.3392), polysilicon (0.3428), alumina (0.347), urea (0.3767), logs (0.3854), coking coal (0.4091), sugar (0.4124), and industrial silicon (0.4383) [5] Option Volume Put - Call Ratio (PCR) - High - volume PCR commodities include short - fiber (31.2564), polypropylene (1.8586), plastic (1.4786), propylene (1.2973), fuel oil (1.103), apples (1.093), silver (0.9911), lead (0.9851), iron ore (0.9787), and copper (0.9743). Low - volume PCR commodities include urea (0.2218), polysilicon (0.2498), live pigs (0.2581), soda ash (0.2601), coking coal (0.2629), synthetic rubber (0.2652), logs (0.2985), sugar (0.306), asphalt (0.3154), and palladium (0.3156) [6] Daily Selections - Call options: methanol (MA609, MA609C3100, trend degree 39, put - call ratio 1.35, remaining days 139), coking coal (jm2606, jm2606 - C - 1280, trend degree 39, put - call ratio 0.41, remaining days 56), ferrosilicon (SF607, SF607C6200, trend degree 39, put - call ratio 0.92, remaining days 77), manganese silicon (SM606, SM606C6500, trend degree 37, put - call ratio 0.65, remaining days 48), corn starch (cs2607, cs2607 - C - 2800, trend degree 37, put - call ratio 0.71, remaining days 82), sugar (SR609, SR609C5500, trend degree 35, put - call ratio 0.41, remaining days 139), polypropylene (pp2606, pp2606 - C - 9300, trend degree 33, put - call ratio 1.2, remaining days 56), industrial silicon (si2606, si2606 - C - 8800, trend degree 29, put - call ratio 0.44, remaining days 47). Put options: soybeans No. 1 (a2607, a2607 - P - 4500, trend degree - 53, put - call ratio 0.79, remaining days 82), soybeans No. 2 (b2606, b2606 - P - 3650, trend degree - 51, put - call ratio 0.86, remaining days 56), rapeseed meal (RM609, RM609P2375, trend degree - 47, put - call ratio 0.59, remaining days 139), aluminum (al2606, al2606P23000, trend degree - 45, put - call ratio 0.62, remaining days 60), SSE 50 (IH2606, HO2606 - P - 2750, trend degree - 45, put - call ratio 0.62, remaining days 88), CSI 300 (IF2606, IO2606 - P - 4400, trend degree - 43, put - call ratio 0.65, remaining days 88), gold (au2606, au2606P968, trend degree - 41, put - call ratio 0.52, remaining days 60), CSI 1000 (IM2606, MO2606 - P - 7300, trend degree - 39, put - call ratio 0.78, remaining days 88) [7] Near - Expiry Options - Call options: for apples (AP605C10000, remaining days 1, option closing price 51.5, underlying settlement price 9949.0, break - even underlying price 10053.5, break - even underlying price increase 1.05%, option doubling underlying price 10107.0, option doubling underlying price increase 1.59%); for red dates (CJ605C8900, remaining days 1, option closing price 28.0, underlying settlement price 8845.0, break - even underlying price 8930.0, break - even underlying price increase 0.96%, option doubling underlying price 8960.0, option doubling underlying price increase 1.30%); for p - xylene (PX605C9600, remaining days 1, option closing price 265.5, underlying settlement price 9552.0, break - even underlying price 9867.5, break - even underlying price increase 3.30%, option doubling underlying price 10135.0, option doubling underlying price increase 6.10%). Put options: for apples (AP605P9900, remaining days 1, option closing price 55.0, underlying settlement price 9949.0, break - even underlying price 9843.0, break - even underlying price decrease - 1.07%, option doubling underlying price 9786.0, option doubling underlying price decrease - 1.64%); for red dates (CJ605P8800, remaining days 1, option closing price 36.0, underlying settlement price 8845.0, break - even underlying price 8762.0, break - even underlying price decrease - 0.94%, option doubling underlying price 8724.0, option doubling underlying price decrease - 1.37%); for p - xylene (PX605P9500, remaining days 1, option closing price 72.0, underlying settlement price 9552.0, break - even underlying price 9426.0, break - even underlying price decrease - 1.32%, option doubling underlying price 9352.0, option doubling underlying price decrease - 2.09%) [8]

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report No relevant content provided. 3. Summary by Directory 3.1 Market Overview - The trading volume of the entire market this week was 9,012,194.8, a decrease of 0.88% from last week; the open interest was 9,470,619.0, an increase of 0.04% from last week. Among them, the trading volume of agricultural products decreased by 0.97%, energy and chemical products decreased by 1.45%, black products decreased by 0.36%, precious metals increased by 3.71%, and non - ferrous and new energy products increased by 1.36% [4]. 3.2 Market Data 3.2.1 Market Overview - Lists the flat - value volatility, 60 - day quantile, Skew, and 60 - day quantile of various commodity options, such as the flat - value volatility of corn options is 12.54%, and the Skew is 34.99% [7]. 3.2.2 - 3.2.61 Various Commodity Options - For each type of commodity option (such as corn, soybean meal, etc.), it provides detailed data including the closing price, trading volume, open interest, volume PCR, open interest PCR, flat - value volatility, HV - 10 days, HV - 20 days, and Skew of the main and secondary contracts, as well as the overall contract data. For example, for soybean meal options, the main contract m2605 had a closing price of 3029 this week, a decrease of 99 from last week; the trading volume of call options this week was 276,811, a decrease of 221,158 from last week [8][9].

Group 1: Volatility Index Explanation - The implied volatility index of financial options reflects the 30 - day implied volatility trend as of the previous trading day, while the implied volatility index of commodity options is obtained by weighting the implied volatilities of the two - step up and down of the at - the - money options of the main contract month, reflecting the implied volatility change trend of the main contract [1] - The difference between the implied volatility index and historical volatility: a larger difference indicates that the implied volatility is relatively higher than historical volatility, and a smaller difference means the opposite [1] Group 2: Volatility Data Visualization - The document presents multiple charts showing the implied volatility (IV), historical volatility (HV), and the difference between them (IV - HV) for various financial and commodity options, including 300股指, 50ETF, 1000股指, 500ETF, corn, cotton, Chinese Yen, rubber, iron ore, PTA, crude oil, aluminum, PVC, rebar, urea, rapeseed, and palm oil [2] Group 3: Implied Volatility Quantile - Implied volatility quantiles represent the current level of a variety's implied volatility in history. A high quantile indicates high implied volatility, and a low quantile indicates low implied volatility [3] - The document also shows the ranking of implied volatility quantiles [3]

Group 1: Volatility Index Explanation - The implied volatility index of financial options reflects the 30 - day implied volatility trend as of the previous trading day. The implied volatility index of commodity options is obtained by weighting the implied volatilities of the two - strike options above and below the at - the - money option of the main contract, reflecting the implied volatility change trend of the main contract [3] - The difference between the implied volatility index and historical volatility: a larger difference indicates that the implied volatility is relatively higher than historical volatility, while a smaller difference means the opposite [3] Group 2: Volatility Data Graphs - There are graphs showing the implied volatility (IV), historical volatility (HV), and the difference between them (IV - HV) for various financial and commodity options, including 300股指, 1000股指, 50ETF, 500ETF, corn, cotton, methanol, rubber, iron ore, PTA, crude oil, aluminum, PVC, rebar, urea, and palm oil [4] Group 3: Implied Volatility Quantile and Volatility Spread Quantile - Implied volatility quantile represents the current level of a variety's implied volatility in history. A high quantile means high implied volatility, and a low quantile means low implied volatility [5] - Volatility spread is the difference between the implied volatility index and historical volatility [5]

1. Market Overview - The trading volume of the market this week was 11,521,370.6, with a week - on - week increase of 0.51%, and the open interest was 8,953,943, with a week - on - week decrease of 0.01% [4]. - The trading volume of agricultural products this week was 2,487,110.4, with a week - on - week increase of 2.76%, and the open interest was 3,248,462, with a week - on - week increase of 0.16% [4]. - The trading volume of energy and chemical products this week was 7,108,318.2, with a week - on - week increase of 0.61%, and the open interest was 3,498,076, with a week - on - week decrease of 0.15% [4]. - The trading volume of black commodities this week was 531,268.4, with a week - on - week increase of 1.04%, and the open interest was 825,749, with a week - on - week decrease of 0.05% [4]. - The trading volume of precious metals this week was 325,839.8, with a week - on - week decrease of 1.22%, and the open interest was 341,823, with a week - on - week increase of 0.05% [4]. - The trading volume of non - ferrous metals and new energy products this week was 1,068,833.8, with a week - on - week decrease of 1.45%, and the open interest was 1,039,833, with a week - on - week increase of 0.14% [4]. 2. Market Data 2.1 Market Overview - The report provides the implied volatility, quantile, and skew of various commodity options, such as the implied volatility of corn options was 15.72%, and the skew was 47.0% [5]. 2.2 - 2.61 Option Data of Each Commodity - For each commodity option (such as corn, soybean meal, etc.), the report details the closing price, trading volume, open interest, volume PCR, open interest PCR, implied volatility, HV - 10 days, HV - 20 days, and skew of the main and secondary contracts, as well as the overall contract data [6][7][8]...[65].

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]

Report Industry Investment Rating - No relevant content provided Core Viewpoints of the Report - The trading activity in the commodity options market continued to decline this week. The average daily trading volume was 5.47 million contracts, and the average daily open interest was 7.12 million contracts, with环比 decreases of 17.45% and 13.28% respectively. Investors are advised to focus on potential market opportunities in actively traded varieties [1][8]. - In the first week after the holiday, most underlying assets of commodity options rose. Tin, silver, and lithium carbonate had relatively high weekly increases, while polysilicon, caustic soda, and alumina had relatively high weekly decreases [2][15]. - Market volatility decreased, with 45 varieties having current implied volatility above the 50th percentile of the past year. Some varieties had significant increases or decreases in implied volatility. Cotton, tin, crude oil, natural rubber, and lithium carbonate are at historical highs in implied volatility, while eggs and iron ore are at historical lows [2][15]. - The PCR of trading volume for lithium carbonate, polysilicon, and plastic is at a historical high, indicating a short - term concentrated bet on a decline. The PCR of trading volume for soybean oil, soybean meal, sugar, and palm oil is at a one - year low, indicating a concentrated bet on an increase. The PCR of open interest for asphalt, synthetic rubber, and lithium carbonate is at a historical high, while that for iron ore, sugar, methanol, copper, and aluminum is at a one - year low [3][16]. Summary by Directory 1. Commodity Options Market Activity - The average daily trading volume of the commodity options market this week was 5.47 million contracts, and the average daily open interest was 7.12 million contracts, with环比 decreases of 17.45% and 13.28% respectively [1][8]. - Actively traded varieties included PTA (380,000 contracts), lithium carbonate (360,000 contracts), and soybean meal (300,000 contracts). Varieties with significant trading volume growth were p - xylene (+324%), ferromanganese (+238%), and lithium carbonate (+212%). Varieties with significant trading volume decline were asphalt (-82%), synthetic rubber (-81%), and nickel (-73%) [1][8]. - Varieties with high average daily open interest were soybean meal (560,000 contracts), glass (530,000 contracts), and soda ash (490,000 contracts). Varieties with rapid growth in average daily open interest were fuel oil (+52%) and industrial silicon (+44%) [1][8]. 2. This Week's Main Data Review of Commodity Options Underlying Asset Price Changes - After the holiday, most underlying assets of commodity options rose. Tin (+23.27%), silver (+16.36%), and lithium carbonate (+15.33%) had high weekly increases, while polysilicon (-5.70%), caustic soda (-5.26%), and alumina (-3.41%) had high weekly decreases [2][15]. Market Volatility - Market volatility decreased, with 45 varieties having current implied volatility above the 50th percentile of the past year. Tin (+18.23pct), ferromanganese (+7.12pct), and ferrosilicon (+5.44) had significant increases in implied volatility, while silver (-14.82pct), styrene (-11.60pct), and LPG (-10.67pct) had significant decreases [2][15]. - Cotton, tin, crude oil, natural rubber, and lithium carbonate are at historical highs in implied volatility, and investors should be wary of one - sided risks and consider shorting volatility. Eggs and iron ore are at historical lows in implied volatility, and buying options has relatively high cost - effectiveness [2][15]. Options Market Sentiment - The PCR of trading volume for lithium carbonate, polysilicon, and plastic is at a historical high, indicating a short - term concentrated bet on a decline. The PCR of trading volume for soybean oil, soybean meal, sugar, and palm oil is at a one - year low, indicating a concentrated bet on an increase [3][16]. - The PCR of open interest for asphalt, synthetic rubber, and lithium carbonate is at a historical high, indicating a high level of bearish sentiment. The PCR of open interest for iron ore, sugar, methanol, copper, and aluminum is at a one - year low, indicating a high level of bullish sentiment [3][16]. 3. Key Data Overview of Main Varieties - This chapter presents key data of main varieties, including trading volume, volatility, and options market sentiment indicators. More detailed data can be found on the Dongzheng Fanwei official website (https://www.finoview.com.cn/) [22]. 3.1 Energy - Relevant charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of crude oil [24][27]. 3.2 Chemicals - **PTA**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of PTA [31][35]. - **Caustic Soda**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of caustic soda [39][40]. - **Glass**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of glass [44][45]. - **Soda Ash**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of soda ash [48][49]. 3.3 Precious Metals - Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of silver [52][53]. 3.4 Ferrous Metals - **Iron Ore**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of iron ore [56][57]. - **Ferromanganese**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of ferromanganese [60][61]. 3.5 Non - Ferrous Metals - **Copper**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of copper [65][66]. - **Aluminum**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of aluminum [70][71]. 3.6 Agricultural Products - **Soybean Meal**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of soybean meal [75][76]. - **Palm Oil**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of palm oil [80][81]. - **Cotton**: Charts show the total trading volume, volatility, open interest PCR, and trading volume PCR of cotton [87][88].

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]