Newsletter summary
Shanghai and Shenzhen ETF and CSI 1000 Index options show different trends.PunishmentrouletteImplied volatility generally fluctuates slightly, and most of the decline in trading volume PCR reflects bullish market sentiment; it is suggested to build bullish, sell cross-style strategies to cope with market changes.
Text of news flash
[stock market dynamics] todayPunishmentrouletteIn the market trading, the underlying ETFs of financial options performed well, and the SSE 50ETF, SSE 300ETF and gem ETF opened higher one after another, and then the market showed a volatile pattern.
[index closing] closing data showed that the SSE 50ETF rose slightly by 0.Punishmentroulette.23%, closing price is 2.Punishmentroulette.567 yuan; Shanghai 300ETF also slightly rose 0.22%, closing price 3.684 yuan; gem ETF performance is relatively strong, up 0.38%, closing price at 1.831 yuan; and the CSI 1000 index is even more eye-catching, recording a 0.60% increase to close at 5596.78 points.
[market sentiment] the trading activity in the options market shows investor sentiment. Implied volatility generally increased, of which the implied volatility of Shanghai 50ETF options increased slightly to 15.57%; the implied volatility of Shanghai 300ETF options decreased slightly to 15.01%; the implied volatility of gem ETF options decreased significantly to 20.61%; and the implied volatility of CSI 1000 stock index options also decreased slightly to close at 22.55%.
[trading and position analysis] the PCR of option turnover reflects the long and short sentiment in the market. The trading volume PCR of Shanghai 50ETF option and Shanghai 300ETF option decreased, closing at 0.44 and 0.49 respectively, the turnover PCR of gem ETF option decreased more significantly, closing at 0.57, and the turnover PCR of CSI 1000 stock index option decreased slightly to 0.58. Position PCR shows the degree of market participation, Shanghai 50ETF option, Shanghai 300ETF option and gem ETF option position PCR all showed an upward trend, closing at 1.11,1.12 and 1.20 respectively, while the CSI 1000 index option position PCR closed relatively stable at 0.66.
[pressure and support] the exercise price information of the option seller reveals the pressure and support of the market. The pressure point exercise right price of SSE 50ETF rises to 2.60yuan, and the support point is maintained at 2.50yuan; the pressure point and support point line right price of Shanghai 300ETF is 3.70yuan and 3.60yuan respectively; the pressure point and support point line right price of gem ETF is 1.85yuan and 1.75yuan respectively; the pressure point and support point line right price of CSI 1000 index is 6000 points and 5000 points respectively.
[strategic suggestion] according to market analysis, for Shanghai 50ETF options, it is suggested to construct a bull market spread combination strategy of call options to obtain directional returns; for Shanghai 300ETF options, it is suggested to adopt a straddle option combination strategy of selling long positions in order to obtain time value and directional returns; gem ETF options suggest to build a straddle option portfolio strategy of short selling. On the other hand, the CSI 1000 stock index option proposes to adopt the wide-span option combination strategy of selling short, in order to get a profit in the market fluctuation.