商品期权：PTA主力期货价格自9月底以来逐步震荡走低，同时期权隐含波动率也不断下降，今日期权隐含波动率较上一交易日下降超2个百分点，目前处于历史10%-20%分位数水平。

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 12/30/2024 HV 南华期货 IVIV20HV20110IV/90IV110IV/90IV 18.21% 0.00% 16.72% 0.00% 91.42% -0.60% 1.49% 0.00% 13.91% -4 .98% 33.32% 0.03% 77.11% -14.02% -19.41% -0 .08% 14.24% -0.15% 20.27% 0.00% 94.43% 1.05% -6.03% 0.00% 16.22% 0.75% 21.59% 0.01% 91.48% 3.69% -5.37% 0.00% 20.61% 0.46% 26.30% 0.00% 93.81% 4.09% -5.69% 0.01% 10.53% -1.16% 18.74% 0.06% 63.24% -7.99% -8.21% -0.07% 10.78% -0.23% 11.28% -0.01% 71.82% 2.44% -0.50% 0.00% 24.36% -2.86% 22.62% 0.00% 107.98% -13.43% 1.74% -0.03% 19.05% -0.99% 30.03% 0.11% 79.67% -1.39% -10.98% -0.12% 10.94% -0.37% 6.64% 0.00% 60.51% -0.43% 4.30% 0.00% 10.90% 0.89% 9.35% 0.00% 78.42% 6.81% 1.55% 0.01% 红枣 18.69% -8.29% 15.92% 0.00% 85.73% -38.60% 2.77% -0.08% PCR PCR PCR -101552 0.43 -35203 62490 -0.660.00 -0.43 -0.84 -20883 14555 红枣 PCR 00 -0.03 00 -0.01 00 00 -0.03 -0.030.05 -0.02 -0.02 -0.01 0.29 0.18 0.37 1569 26804 1204 5817 0.66 -0.30 0.60 475 52873 35 -11 26515 0.71 0.04 0.86 3825 408567 132113 1.55 0.12 1.39 10084 196738 129831 0.76 0.71 13503 222119 18 -57 131065 0.76 0.79 8356 211374 205418 0. 0.67 0.87 9539 291593 68808 0. 1.22 1.24 943 62352 28 -22 23943 1.15 -0.07 0.84 3791 45247 4160 18105 0. 1.01 1.08 9170 68644 98 -21 35732 0.64 0.11 0.63 787 20433 3021 5844 0. 0.44 0.27 0.83 4373 630268 132197 2683 13 0.15% -0.64% 1237240 -291179 2442770 -24775 7140 26 0.44% 0.15 % 109733 41049 112375 450 3314 9 0.15% -1.07% 96882 -33051 122123 590 7700 -16 -0.18% -0.97% 377586 -19227 685903 8294 8950 -42 -0.41% -1.52% 565246 16227 262936 -7535 2235 1 0.36% -1.00% 635325 -122222 1107795 7735 5969 25 0.42% 0.96% 346797 72094 369702 2249 2383 11 0.17% -0.38% 813420 -8846 733533 -22635 8744 -42 -0.34% -1.28% 790316 26311 488890 8840 13430 -70 -0.56% -0.93% 238771 13573 662416 7344 7906 -72 -0.68% -1.44% 53422 604 116077 -3626 红枣 9285 50 0.38% 1.13% 84848 45348 114453 -1794 12.54% -0.25% 9.85% 0.00% 68.90% -0 .76% 2.69% 0.00% 20.15% -0.60% 20.80% 0.00% 80.34% -3.87% -0.65% -0.01% 9.87% -0.50% 6.66% 0.00% 53.76% 2.06% 3.21% 0.00% 10.21% -0.39% 9.78% 0.00% 61.88% 1.45% 0.43% 0.00% 14.48% 0.06 % 10.56% 0.00% 76.98% -1 .39% 3.92% 0.00% 21.84% 0.77% 23.90% 0.09% 100.23% 9.06% -2.06% -0.08% 16.75% -1.64% 18.07% 0.00% 85.50% -6.04% -1.32% -0.02% IV IV 20HV20HV 110IV/90IV 110IV/90IV LPG PTA 2.07% -2.54%0.77 0.00% -10.95% 6.38% -0.04% PVC -0.17% 0.9535.75% 0.540.00%32.16% 0.72-21.88% 玻璃 氧化铝 -1.61%0.10 0.54 -7.69% 0.16% -0.16% -0.22% -20.10% .79% -0 79.65% 0.21% 43.74% -0.66% 23.64% -16.25% 94% 0. 100.94% 44.03% % 27.78% -0.03% -3.01% 37% 2. 92.96% 0.03% 19.38% % 16.37% -0.02% -4.51% 89.02% 0.00% 19.11% 14.60% -0.01% 0.44% -7.05% 56.04% 0.00% 10.28% -1.14% 10.72% 0.00% 4.53% 78% 1. 70.30% 0.00% 10.74% % 0.38 15.27% -0.02% -2.58% 64.35% 0.02% 14.51% % 11.93% 0.01% 2.54% 83.57% 6.21% % 8.75% -0.03% -3.33% 85.55% 0.04% 12.98% % 9.65% -14.85% .59% -1 75.59% 0.16% 28.07% -0.34% 13.22% 0.01% 5.98% .13% -4 85.60% 0.00% 11.38% % 0.76 17.36% 0.01% -3.46% 104.60% 21.41% % 17.95% -0.84% 80.76% 0.02% 16.66% 15.82% 0.00% 0.95% 05% 12. 92.89% 0.02% 16.69% 17.64% -0.01% -0.02% 13% 2. 97.50% 0.02% 23.84% % 0.75 23.82% 0.00% 6.72% 4.78% 93.77% 0.01% 16.16% % 0.08 22.88% PCR PCR PCR 15760 LPG PTA 0.22 0.23 8973 -0.29 PVC -74 -459 0.21 -0.39 -0.47 0.19 0.43 玻璃 氧化铝 -277592 86352 -53 6825 PCR 0.06 0.01 0.06 0.02 0.02 0.03 0.02 0.03 -0.080.04 0.06 0.05 0.00 0.01 -0.140.28 2.28 2 0.1 1.51 14649 150967 33182 138515 0.53 4 0.0 1.24 285200 266766 - 0.87 1.48 7303 2761 0.61 0.62 1541 30856 -1078 8514 0.98 0 0.1 1.70 689 31160 -7814 22321 - 1.28 0.29 1.84 8825 94621 4037 99425 - 0.83 0.61 2538 39067 9615 25278 0.92 1.29 31408 5822 16571 - 0.66 0.89 432 18138 7644 - 0.29 4 0.0 0.41 3893 145661 5 -1262 52842 1.17 4 -0.0 0.66 7317 259674 796 234774 - 0.59 0.42 3211 54279 3991 17409 0.66 6 0.1 1.39 316840 3 -6257 185686 - 0.67 0.67 1501 17988 801 12244 - 0.31 0.82 442402 14168 181803 1.44 0.28 1.22 462 37896 -625 45401 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 52325 5246 87622 181 0.98 0.02 1.32 0.02 242751 96216 214416 13242 1.35 0.13 0.85 0.06 36089 3599 53975 3191 1.35 -0.04 1.23 -0.17 51071 8493 51911 2218 1.40 -0.50 1.16 -0.06 49551 -681 41095 2432 0.98 -0.09 0.98 -0.02 132446 81792 119666 12674 0.52 -0.04 0.35 0.01 135637 5322 156617 5353 0.66 -0.05 0.52 0.00 617.66 -2.56 -0.45% -0.56% 193424 41340 116790 -22800 7560 -41 -0.59% -0.67% 570778 107969 241938 -7471 74270 180 -0.11% -0.01% 46017 -4902 148358 -61 7 19805 10 0.13% 0 .20% 148262 25508 169691 -10650 25325 150 0.00% 1.20% 142279 -12919 139968 -3558 78320 1820 1.16% 2.68% 264996 142378 181438 9686 11180 70 0.18% 2.03% 123082 -28891 156000 -17471 LPGPTA PVC 549.8 1443 4353 4856 17885 2674 5326 8103 7393 4822 8106 4.9 -8 28 36 240 37 55 24 23 61 -79 0.31% -1.10% 0.23% -0.04% 1.62% 0.75% 0.55% -0.27% -0.09% 1.01% -1.31% 0.68%0.06% 0.53% 1.43% 1.48% 1.47% 1.54%0.00% 0.46% 1.82% -0.01% 95854 725516