商品期权：红枣期货价格近期持续走低，同时期权隐含波动率也不断下降，今日下降超2个百分点，目前位于历史5%分位数水平以下，处于极低水平。

IV IV 20HV20 110IV/90IV 110IV/90IV HV 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 603093 11/20/2024 HV 南华期货 IVIV20HV20110IV/90IV110IV/90IV 17.04% 0.20% 34.19% 0.11% 88.17% -3.05% -17.15% -0.10% 21.11% -3.18% 29.46% 0.00% 58.73% -15.34% -8.35% -0.03% 15.42% -0.83% 23.10% 0.00% 90.27% -11.34% -7.68% -0.01% 17.63% -0.87% 23.72% 0.00% 82.95% -6.02% -6.09% -0.01% 21.00% -1.19% 27.26% 0.00% 85.38% -7.84% -6.26% -0.01% 9.54% -0.23% 12.03% 0.00% 74.34% -0.8 5% -2.49% 0.00% 10.41% 0.40% 12.61% 0.00% 62.39% -4.8 7% -2.20% 0.00% 26.13% -1.45% 29.75% 0.00% 93.30% -9.99% -3.62% -0.01% 25.06% -0.64% 23.90% 0.00% 85.08% -1.3 7% 1.16% -0.01% 10.12% -0.83% 11.34% 0.00% 54.38% -3.41% -1.22% -0.01% 14.57% -0.08% 15.97% 0.00% 76.69% 11.83% -1.40% 0.00% 红枣 21.20% -2.09% 37.40% 0.00% 81.04% 2.8 5% -16.20% -0.02% PCR PCR 0.21 PCR 4981 -24697 -31828 5645 -2130 40566-3529 -234694336 -869534631 133084619 0.16 0.0 0.1 0.16 -0.080.00 -0.20 0.34 红枣 PCR 0 0.02 0.03 0.01 -0.02 0 0.02 0 -0.04 0 0.01 0 0.0 0.18 .01 0 0.25 -58 85267 1 -152 17757 0.43 7 0.0 0.59 1700 64573 76 -117 22451 0.0 0.50 0.79 719961 145178 2.14 1.45 320056 123796 0.0 0.65 1.04 279041 84258 0.57 0.59 328470 161317 0.0 0.49 0.37 528706 5 -593 66291 0.77 0 1.09 590 - 117141 31735 0.85 8 1.29 149165 56446 0.64 0.71 271 32934 6 -330 11778 1.05 .03 0 0.62 608 - 93143 9 -61 36901 0.0 0.53 0.50 803983 9 -225 108878 2827 -9 -0.07% -0.60% 699709 -68760 1915684 27279 7786 -38 -0.12% -1.23% 88459 -2666 121681 - 1741 3601 -37 -0.61% -1.05% 119790 -8384 84015 8247 8240 - 26 0.64% 0.17% 423477 -163770 457091 -10967 9358 -23 -0.29% -0.67% 230227 -116155 187600 - 6578 2195 -10 -0.50% -0.68% 410786 87842 902775 4311 5931 68 1.23% 0.84% 229719 57868 308390 13399 2356 -32 -1.96% -2.63% 330706 13073 510519 25876 9954 -12 0.79% 1.05% 1100966 -328022 477573 3762 13930 30 0.18% 0.25% 164723 -1463 9 476982 - 4910 7884 -82 -0.61% -1.82% 59810 -9480 135412 7052 红枣 9585 -35 0.05% -1.10% 47313 -8528 87050 - 1702 15.75% 0.24% 15.94% 0.00% 69.24% -0. 65% -0.19% 0.00% 24.01% -1.21% 23.84% 0.00% 83.39% -4.04% 0.17% -0.01% 12.87% -0.48% 13.38% 0.00% 56.51% -4.30% -0.51% 0.00% 13.21% -0.32% 17.86% 0.00% 68.75% -6.04% -4.65% 0.00% 17.51% -0.83% 21.10% 0.00% 83.20% 8.06% -3.59% -0.01% 36.47% -3.30% 47.58% 0.00% 106.06% 2.8 9% -11.11% -0.03% 20.31% 0.08% 19.81% 0.0 0% 92.83% -0. 44% 0.50% 0.00% IV IV 20HV20HV 110IV/90IV 110IV/90IV LPG PTA -1.18% -1.09% 0.00% 0.00% 0.00% -6.47% -0.01% -0.01% -0.01% 0.00% PVC 1.49% 1.07% 0.00% 0.00% 0.00% 12.30% 5.51% -7.76% -0.01% 1.29% -1.74% -2.10% 0.00% 0.00% 0.00% 9.74% -4.67% 玻璃 氧化铝 -0.02% -0.02% -0.05% -3.49% 0% 0.8 75.29% 0.04% 32.18% -1.05% 28.69% -12.19% 5% 0.8 95.93% 43.22% 31.03% -2.63% 75.81% 19.06% 16.43% 0.01% 2.82% 107.08% 16.93% 19.75% -1.32% -11.62% 51.19% .00% 0 12.15% -1.37% 10.83% 0.00% -0.46% 7.70% 86.51% .00% 0 16.42% 6% 0.3 15.96% 0.00% -3.11% 67.79% 15.26% 5% 0.3 12.15% 0.01% 1.91% 57.00% 7.61% 9.52% 0.01% 4.18% 77.56% 9.21% 13.39% 0.00% -0.06% 2.02% 83.22% 0.00% 15.27% 6% -0.1 15.21% -0.14% -5.53% 72.26% 0.00% 15.58% -0.46% 15.44% 0.00% 2.73% 89% -1. 95.09% 16.87% 6% 0.3 19.60% -3.33% 67.01% 19.07% 15.74% 0.82% 47% -3. 82.71% 19.43% 20.25% -0.73% 56% -3. 94.20% 0.00% 31.14% -0.56% 30.41% 0.01% 4.75% 5% 0.2 94.87% -0.01% 22.77% 1% 0.2 27.52% PCR PCR PCR -55790 10066 LPG PTA -35467 0.36 -0.14 -0.13 PVC 50063 13122 -0.15 -0.33 玻璃 氧化铝 -8877 17329 -0.18 PCR .01 0.00 .05 .01 .02 .03 .00 -0.05 .01 0.00 -0.08 .02 .02 .02 .02 0.16 4.33 -1.02 1.87 10298 322497 44501 197071 -0 0.59 0.44 537627 180844 -0 0.48 0.01 0.47 -2006 43472 995 -22 32536 -0 0.65 0.01 0.48 187 54087 948 -10 8672 0 0.83 0.01 0.84 378 24786 2 162 13113 0.84 -0.26 0.74 5092 59495 -7372 45752 0.60 0.64 1721 88366 67 -10 21595 -0 0.62 0.51 1095 44886 6 351 13029 0.60 -0.24 0.31 66618 68690 0 0.21 -0.04 0.43 3771 207027 22 -8 51782 0 0.90 0.08 0.71 940 198072 -35316 115155 0 0.75 0.53 698 90346 9 425 42721 0 0.55 0.62 3539 418020 142315 0 0.47 0.84 449 22886 14 -60 12406 0.27 -0.02 0.56 882809 265729 -0 0.92 -0.16 1.01 1503 20123 69 -46 32728 PCR PCR PCR PCR 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 南华期货 174238 455 08 117004 698 0.98 0.01 1.46 0.05 426564 -42466 434125 4205 1.53 0.16 1.13 -0. 02 87952 -11593 90208 -736 1.08 -0.30 0.87 -0. 01 142488 630 8 111386 -911 0.70 -0.58 1.28 0.05 100877 -2 35 60695 -54 0.99 -0.65 1.21 -0.08 148455 -21526 226338 3665 0.38 0.09 0.31 0.02 55681 -10 05 118552 3153 0.34 -0.03 0.41 0.01 610.6 0.76 0.80% -1.28% 172648 16266 67112 -7848 7761 -56 -0.18% -2.42% 1035688 59309 330558 3612 74550 220 0.70% 0.03 % 58512 - 2553 118614 -8409 20800 215 1.61% 1.44% 132721 -25725 212028 2927 25205 340 2.07% 0.82% 124565 -22299 97973 1227 82700 50 0.92% -3.05% 527957 -26931 284814 -1174 12420 110 0.98% 1.26% 208029 2933 165710 -5939 -0.54% -1.35% -251058 LPG PTA -83329 PVC 113 67148 248592 594 29711 -6722 -40225295 25320 11385 59798 11351 8078 2599 -2 116967 -58401 115176 -0.66% 0.59% 12 8487 249305 0 3955 178348 %