20260105-银河期货-_商品期权日报_商品期权成交量437万张_苹果期权IV上升3.89_12页_879kb

报告摘要

商品期权日报 0106 总结

核心内容概览

本报告提供了当日商品期权市场的成交量、持仓量及波动率相关数据，涵盖多个品种的市场表现与交易情况，重点关注了苹果期权IV的显著上升及其他品种的波动率变化。以下为关键信息汇总。

主要观点

整体成交量：当日商品期权总成交量为437万张，部分品种表现突出，其中碳酸锂期权成交量最高，达到56万张，PTA期权和纯碱期权分别为53万张和26万张。
持仓量：纯碱期权和PTA期权持仓量分别超过54万张和43万张，显示市场对这两个品种的关注度较高。
PCR指标：部分品种的成交量PCR和持仓量PCR存在较大偏离，如菜籽油期权PCR达到1.25，而生猪期权PCR仅为0.2，这表明部分品种可能存在交易机会，但需注意流动性风险。

关键信息

成交与持仓量

品种	主力合约	收盘价	涨跌幅	成交量	认购成交量	认沽成交量	持仓量	认购持仓量	认沽持仓量	成交量PCR	持仓量PCR
豆粕	M2605	2,754	0.18%	126,756	238,078	50,779	387,313	75,977	149,235	0.67	0.63
玉米	C2603	2,224	-0.09%	110,512	226,817	37,720	334,787	72,792	107,970	0.52	0.48
棕榈油	P2605	8,488	-1.12%	107,009	54,857	54,061	101,469	52,948	46,612	1.02	0.85
豆一	A2605	4,243	0.05%	19,628	27,149	7,131	55,590	12,497	28,441	0.57	1.05
豆二	B2605	3,459	0.00%	22,136	35,472	7,577	52,890	14,559	17,418	0.52	0.49
豆油	Y2605	7,856	-0.08%	11,957	26,179	5,522	47,188	6,435	21,009	0.86	0.80
白糖	SR2605	5,257	0.11%	46,046	138,392	16,707	227,399	29,339	89,007	0.57	0.64
棉花	CF2605	14,655	0.48%	203,655	224,927	63,400	413,804	140,255	188,877	0.45	0.84
菜籽粕	RM2605	2,361	-0.17%	38,906	58,579	18,702	134,182	20,204	75,603	0.93	1.29
菜籽油	OI2605	9,044	-0.47%	13,497	17,751	7,503	32,564	5,994	14,813	1.25	0.83
花生	PK2603	7,938	-0.68%	45,072	77,571	11,511	112,506	33,561	34,935	0.34	0.45
苹果	AP2605	9,547	4.68%	26,311	13,963	13,984	35,556	12,327	21,593	1.13	1.55
生猪	LH2603	11,660	-1.14%	25,050	54,281	4,152	69,603	20,898	15,322	0.20	0.28
鸡蛋	JD2603	2,992	1.39%	83,497	107,336	25,284	146,304	58,213	38,968	0.43	0.36
玉米淀粉	CS2603	2,509	-0.24%	5,400	20,749	1,100	27,573	4,300	6,824	0.26	0.33
工业硅	SI2605	8,730	-1.47%	166,639	123,946	57,739	187,656	108,900	63,710	0.53	0.51
LPG	PG2602	4,136	0.10%	50,530	19,535	13,923	33,094	36,607	13,559	0.38	0.69
聚丙烯	PP2605	6,330	-0.28%	34,990	58,513	9,786	92,812	25,204	34,299	0.39	0.59
聚乙烯	L2605	6,449	-0.36%	26,190	48,861	7,839	71,872	18,351	23,011	0.43	0.47
PVC	V2605	4,764	-0.85%	116,480	259,413	36,766	334,997	79,714	75,584	0.46	0.29
PTA	TA2605	5,046	-1.25%	531,529	214,728	246,460	425,153	285,069	210,425	0.86	0.98
甲醇	MA2605	2,215	-0.05%	231,768	177,810	71,973	294,038	159,795	116,228	0.45	0.65
橡胶	RU2605	15,790	1.19%	12,366	28,084	4,050	39,047	8,316	10,963	0.49	0.39
原油	SC2602	422	-2.43%	57,523	30,946	21,722	48,323	35,801	17,377	0.61	0.56
苯乙烯	EB2602	6,739	-0.77%	117,589	81,667	41,489	114,897	76,100	33,230	0.55	0.41
乙二醇	EG2605	3,732	-1.87%	53,438	63,623	18,157	89,972	35,281	26,349	0.51	0.41
合成橡胶	BR2603	11,685	1.08%	24,263	11,749	6,010	20,948	18,253	9,199	0.33	0.78
烧碱	SH2603	2,164	-3.48%	137,538	90,960	52,228	127,142	85,310	36,182	0.61	0.40
对二甲苯	PX2603	7,210	-0.69%	31,208	23,401	13,138	60,845	18,070	37,444	0.73	1.60
纯碱	SA2605	1,177	-2.65%	303,824	405,636	105,473	541,431	198,351	135,795	0.53	0.33
短纤	PF2602	6,462	-0.80%	30,971	32,914	13,277	64,904	17,694	31,990	0.75	0.97
锰硅	SM2603	5,874	-0.78%	101,338	98,505	26,173	148,415	75,165	49,910	0.35	0.51
硅铁	SF2603	5,624	-0.85%	60,150	51,204	24,170	88,323	35,980	37,119	0.67	0.72
尿素	UR2605	1,768	1.09%	33,747	53,748	10,716	98,854	23,031	45,106	0.47	0.84
碳酸锂	LC2605	129,980	6.91%	563,497	145,884	261,806	380,669	301,691	234,785	0.87	1.61
铜	CU2602	101,350	3.17%	134,052	91,774	42,830	153,460	91,222	61,686	0.47	0.67
银	AU2602	995	1.78%	49,778	68,970	17,168	112,411	32,610	43,441	0.53	0.63
铝	AL2602	23,645	3.14%	185,012	81,232	59,457	130,673	125,555	49,441	0.47	0.61
锌	ZN2602	23,820	2.34%	43,394	24,089	11,702	37,322	31,692	13,233	0.37	0.55
铁矿石	I2605	797	0.95%	97,959	114,503	41,624	245,998	56,335	131,495	0.74	1.15
螺纹钢	RB2605	3,104	-0.58%	29,338	79,823	9,646	122,512	19,692	42,689	0.49	0.53

波动率变化

品种	主力合约	平值IV	IV涨跌幅	历史波动率（30日）	历史波动率（60日）	历史波动率（90日）	隐历差
豆粕	M2605	0.10	-4.32%	9.50%	9.00%	8.70%	0.96%
玉米	C2603	0.11	0.25%	9.89%	9.25%	8.23%	0.69%
棕榈油	P2605	0.16	0.57%	14.61%	13.34%	15.51%	1.72%
豆一	A2605	0.11	-0.48%	10.27%	10.44%	9.91%	0.53%
豆二	B2605	0.10	-11.76%	8.98%	8.33%	8.77%	0.99%
豆油	Y2605	0.11	0.12%	7.92%	8.32%	10.43%	2.59%
白糖	SR2605	-	-	9.41%	7.91%	7.36%	-
棉花	CF2605	0.14	0.05%	7.43%	6.79%	7.80%	6.80%
菜籽粕	RM2605	0.18	0.38%	12.19%	11.53%	11.62%	5.86%
菜籽油	OI2605	0.14	-1.91%	14.30%	12.93%	13.11%	0.08%
花生	PK2603	0.11	-0.33%	11.26%	11.06%	9.44%	-0.48%
苹果	AP2605	0.27	3.89%	20.09%	24.59%	21.34%	6.88%
生猪	LH2603	0.20	-1.21%	13.02%	14.69%	14.64%	6.55%
鸡蛋	JD2603	0.21	0.63%	13.63%	14.75%	13.57%	7.81%
玉米淀粉	CS2603	0.09	0.17%	10.04%	9.83%	8.99%	-1.20%
工业硅	SI2605	0.30	6.29%	21.64%	23.80%	24.62%	8.70%
LPG	PG2602	0.20	-0.15%	21.79%	18.66%	18.53%	-1.92%
聚丙烯	PP2605	0.14	1.65%	13.07%	11.15%	9.93%	1.04%
聚乙烯	L2605	0.17	1.28%	14.12%	11.67%	10.41%	2.39%
PVC	V2605	0.23	4.49%	18.97%	14.71%	13.28%	4.46%
PTA	TA2605	0.23	3.39%	20.46%	17.23%	15.64%	2.14%
甲醇	MA2605	0.20	0.84%	15.93%	15.09%	13.41%	3.96%
橡胶	RU2605	0.19	0.48%	13.41%	15.44%	15.71%	5.62%
原油	SC2602	-	-	17.68%	19.22%	19.63%	-
苯乙烯	EB2602	0.19	1.57%	15.91%	15.65%	14.30%	3.58%
乙二醇	EG2605	0.20	3.36%	23.15%	18.79%	16.23%	-3.13%
合成橡胶	BR2603	0.27	2.59%	19.58%	21.02%	21.08%	7.33%
烧碱	SH2603	0.31	8.14%	24.10%	21.62%	20.63%	7.09%
对二甲苯	PX2603	0.22	0.65%	21.83%	18.93%	17.19%	0.50%
纯碱	SA2605	0.26	2.02%	21.38%	19.17%	19.15%	4.53%
短纤	PF2602	0.17	0.95%	15.86%	13.86%	12.53%	1.60%
锰硅	SM2603	0.15	0.10%	9.32%	10.93%	11.65%	5.56%
硅铁	SF2603	0.18	1.54%	12.45%	15.17%	14.54%	6.04%
尿素	UR2605	0.24	4.36%	11.44%	9.49%	10.07%	12.40%
碳酸锂	LC2605	0.60	19.71%	55.14%	51.50%	44.82%	5.04%
铜	CU2602	0.33	2.52%	19.01%	17.86%	17.73%	13.80%
银	AU2602	0.20	-3.13%	15.26%	23.04%	21.45%	4.61%
铝	AL2602	-	-	14.22%	12.34%	10.98%	-
锌	ZN2602	0.16	-2.34%	14.08%	11.74%	11.05%	1.95%
铁矿石	I2605	0.18	2.19%	13.19%	14.89%	15.62%	4.96%
螺纹钢	RB2605	0.13	0.48%	10.94%	10.40%	11.18%	2.07%