商品期权周报：隐波震荡，市场加速下跌

I 2025/05/262025/05/30 20111290 23.81%, 0.68% 25.86%, -0.77% 3.57% 14.85%, 1.71% 12.62%, 17.46%, 19.43%, 32.07%, -0.23%, 17.60%, 1.29% 0.30% -1.71% -2.13% 21.97%, 2.11% 12.38%, -0.13% 9.81% 4.08% 60%-70% Z0021236 F03124116 1. 23.81%, 0.68% 25.86%, -0.77% 19.43%, -3.57% 32.07%, 1.71% 14.85%, -0.23%, 1.71% 17.60%, -2.13% 12.62%, 1.29% 17.46%, 0.30% 21.97%, 2.11% 12.38%, -0.13% 4.08% 9.81% 60%-70% 1.1 300000250000200000150000100000 50000 wind 0 1.2 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% wind 1.3 1.4 0.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 34.00% 33.00% 32.00% 31.00% 30.00% 29.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 28.00% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.5 350000 300000 250000 200000 150000 100000 50000 wind 1.6 0 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% wind 0.00% 1.7 1.8 60.0% 50.0% 40.0% 30.0% 20.0% 10.0% 0.0% 5/30/20255/23/2025 25.0% 24.0% 23.0% 22.0% 21.0% 20.0% 19.0% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 18.0% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.9 800000 700000 600000 500000 400000 300000 200000 100000 wind 0 1.10 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% wind 0.00% 1.11 1.12 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 16.00% 14.00% 12.00% 10.00% 8.00% 6.00% 4.00% 2.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 0.00% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.13 1400000 1200000 1000000 800000 600000 400000 200000 wind 1.14 0 80.00% 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% wind 0.00% 1.15 1.16 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 26.50% 26.00% 25.50% 25.00% 24.50% 24.00% 23.50% 23.00% 22.50% 22.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 21.50% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.17 700000 600000 500000 400000 300000 200000 100000 wind 0 1.18 0.4 0.35 0.3 0.25 0.2 0.15 0.1 0.05 wind 1.19 1.20 0 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 25.00% 20.00% 15.00% 10.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 5.00% 0.00% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.21 1600000 1400000 1200000 1000000 800000 600000 400000 200000 wind 1.22 0 45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% wind 0.00% 1.23 1.24 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 25.00% 20.00% 15.00% 10.00% 5.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 0.00% 1M2M3M6M9M1Y 5/30/20255/23/20255/30/20255/23/2025 1.25 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% wind 0.00% 1.26 1000000 900000 800000 700000 600000 500000 400000 300000 200000 100000 wind 1.27 1.28 0 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 20.00% 19.50% 19.00% 18.50% 18.00% 17.50% 17.00% 16.50% 16.00% 15.50% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 15.00% 14.50% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.29 300000 250000 200000 150000 100000 50000 wind 1.30 0 0.25 0.2 0.15 0.1 0.05 wind 0 1.31 1.32 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 13.00% 12.80% 12.60% 12.40% 12.20% 12.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 11.80% 11.60% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.33 350000 300000 250000 200000 150000 100000 50000 0 wind 1.34 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% wind 1.35 1.36 0.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 16.50% 16.00% 15.50% 15.00% 14.50% 14.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 13.50% 1M2M3M6M9M1Y 5/30/20255/23/2025 1.37 140000 120000 100000 80000 60000 40000 20000 wind 1.38 0 50.00% 45.00% 40.00% 35.00% 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% wind 0.00% 1.39 1.40 70.00% 60.00% 50.00% 40.00% 30.00% 20.00% 10.00% 0.00% 5/30/20255/23/2025 30.00% 25.00% 20.00% 15.00% 10.00% 5.00% 130% 120% 110% 105% 102% 100% 98% 95% 90% 80% 60% 0.00% 1M2M3M6M9M1Y 5/30/20255/23/2025 I2025/05/262025/05/30 / 136 310008 4008888910 www.nanhua.net 603093