商品期权：白银期货价格自10月21日以来震荡下行，同时期权隐含波动率也不断下降，目前较一个月前高点已下降超10个百分点，处于历史30%-40%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 11/26/2024 IV IV 0.83% 1.41% -0.67% 1.11% 1.01% -0.61% 20HV20HV 110IV/90IV 110IV/90IV 11.68% 20.99% -5.33% -2.76% -0.10% % % -8.48% % -1.96% -0.18% -0.60% -0.76% 45% -4.09% -0.02% 0.00% -0.01% -0.01% 红枣 0.03% -10.01% 05% 103.94% 0.00% 37.02% 2.93% 27.01% -3.04% .13% 2 75.65% 0.00% 16.10% 13.06% -2.10% 56.60% 0.00% 11.65% 9.55% -4.52% 84.89% 0.00% 27.96% 23.44% -8.41% 2.08% - 96.94% 0.00% 30.80% 22.39% 0.00% -1.66% 1.12% - 70.38% 0.00% 13.39% 15% 0. 11.73% -0.01 0.07% 68.42% 0.00% 9.57% 9.64% 0.01% -4.45% 0.16% - 86.12% 0.00% 27.06% 22.61% -0.01 -6.26% 80.32% 0.00% 22.93% - 16.67% -0.01 -8.29% 92.32% 0.00% 23.50% 15.21% 0.01% -8.47% 63.94% 0.00% 29.93% 21.46% -17.40% 93.40% 0.10% 34.31% 16.91% PCR PCR PCR PCR 216227 61099 854193 -8468 0.65 0.20 0.51 -0.02 80670 3060 105050 9334 1.23 0.15 1.22 0.07 22375 6032 44355 3825 0.39 -0.13 0.61 -0.02 49505 2954 155010 1879 0.82 0. 02 0.75 -0.01 112347 21710 127414 7992 1.32 -0.19 0.69 -0.05 62143 -7908 543302 9303 0.36 -0 06 0.47 -0 .01 192239 30647 351625 8673 0.75 0. 05 0.61 0 00 182150 46243 306105 7221 0.80 -0.11 0.54 -0.03 198940 39286 339516 19585 1.44 -0.21 1.84 0.02 159943 -1034 731747 5531 0.48 -0.23 0.52 0.01 19589 -4871 68587 1467 0.53 0.23 0.42 0 00 红枣 63247 41986 87353 7162 0.47 -0.15 0.20 0 01 . . . 南华期货 . 2807 15 0.72% 0.68 % 1160580 190210 2077028 -27182 7704 -51 -0.49% 0.54 % 53315 -74821 112308 -7703 3572 28 1.02% 0.62 % 124782 -7 94 97562 -1427 8040 -18 -0.05% -0.0 2% 439816 47684 396307 -10776 8775 -237 -2.28% -1.92% 378755 78171 172365 -1824 2193 -2 -0.23% 0.05 % 453472 -143609 843682 -7422 5963 21 0.66% 0.73 % 230223 221 91 298978 -11190 2257 -27 -0.83% -2.17% 402903 -28 638 458261 -57844 9740 30 1.48% 0.33 % 1124494 155 80 429537 11654 13915 -40 -0.11% -0.4 0% 150355 -26 530 435167 -7514 7832 -8 0.08% 0.00% 38967 72 139687 -1873 红枣 9390 65 0.48% 1.49% 72448 199 14 81951 -4375 15.89% 0.39% 17.95% 0.00% 78.23% 6.10% -2.06% 0.00% 21.90% -3.44% 24.07% 0.00% 88.77% -7.50% -2.17% -0.03% 12.01% 0.40% 13.26% 0.0 0% 61.75% -0.99% -1.25% 0.00% 10.37% -1.59% 17.83% 0.00% 63.52% -0.4 9% -7.46% -0.01% 16.36% 0.94% 11.89% 0.00% 81.63% 5.61% 4.47% 0.01% 32.54% -1.40% 48.10% 0.00% 103.23% -5.22% -15.56% -0.01% 18.67% 1.06% 16.06% 0.00% 80.61% -1.22% 2.61% 0.01% IV IV 20HV20HV 110IV/90IV 110IV/90IV -0.02% LPG PTA 5.26% 0.00% 0.00% -2.78% 0.00% 0.00% PVC -1.32% -0.85% 0.00% 0.00% 0.00% -4.35% -12.71% -0.01% -0.01% -0.01% -0.54% 0.71% 0.00% 0.00% 0.00% -4.46% 21.27% -4.56% -0.01% 玻璃 氧化铝 0.00% -0.02% -1.82% -3.09% 74.86% 0.00% 26.58% -1.63% 24.76% 0.65% 91.50% 30.80% % -0.29 31.45% 0.01% 3.07% 88.47% 19.47% 22.54% -0.94% 95.77% 17.16% 16.22% 0.00% -2.01% -9.49% 53.34% 0.00% 12.84% 0.25% 10.83% 0.01% -1.24% 4.19% 75.83% 0.00% 16.14% 0.66% 14.90% 0.00% -4.36% 66.14% 15.99% % -0.16 11.63% 1.09% 72.43% 7.53% 8.62% 0.04% .07% -6 64.99% 10.88% 10.92% -0.17% -7.14% 70.85% 0.00% 14.05% -0.66% 13.88% 0.00% 0.68% -2.57% 83.15% 0.00% 16.05% % 0.08 16.73% 2.18% 87.87% 16.86% % -0.48 19.04% -2.51% .19% -0 71.78% 19.12% % -0.29 16.61% 0.00% 0.98% 93.31% 0.00% 19.57% % -0.26 20.55% 0.20% -7.97% 95.92% 0.00% 29.11% -2.43% 29.31% 0.01% 5.95% 21% 2. 94.73% -0.01% 19.63% -0.54% 25.58% 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 59969 -248271 58935 4236 1.33 0.30 1.58 -0.03 159317 -674252 157058 17574 1.20 0.14 0.89 0.0 2 36230 -67461 51984 4756 1.49 0.2 1 1.00 0.04 610.84 -8.32 -2.38% -1.76% 395721 -942 2 166451 -8057 7602 -55 -2.12% -0.61% 1197117 -446064 362940 -4606 73740 -420 -0.31% -0.64% 69227 -119 96 152473 4928 20560 -60 0.12% -0.22% 138014 -766 4 188429 -2486 25175 -100 -0.04% -0.16% 231330 118705 125026 42794 78650 -1700 -2.18% -2.61% 328510 2151 3 255424 -4673 11870 -330 -3.30% -2.12% 410460 292540 217926 32451 37914 -75086 57974 3303 0.84 -0 22 1.66 -0.03 59652 -1741 5 30883 7810 0.44 -0.61 0.96 -0.16 156074 50106 231954 1802 0.42 0.0 2 0.32 0.0 1 277796 231321 175801 39471 1.20 0.46 0.52 0.10 PCR PCR PCR PCR . 53140 894 6 28364 4877 1.27 -0.13 1.27 -0.01 358162 -96807 934227 14060 0.41 -0.07 0.29 -0.01 LPG 11587 -329 25155 635 0.65 0.19 0.58 0.00 PTA 203293 -97360 443985 15965 1.07 -0.06 0.57 0.01 41051 -60 50 91954 161 0.52 -0.26 0.72 -0.02 130216 -50942 228495 9641 0.70 0.06 0.94 -0.01 PVC 83421 24313 243698 14443 0.29 0.01 0.19 0.00 39587 -95 42 90351 842 0.39 0.03 0.55 0.03 14526 -75 8 49594 1427 0.64 0.06 0.55 -0.04 24257 -60 29 94314 -736 0.60 0.02 0.56 0.00 70558 28871 73845 4609 1.51 0.33 0.98 0.10 18687 413 0 27853 1375 0.84 -0.11 0.86 0.01 10653 375 53600 296 0.44 -0.25 0.62 -0.02 193801 89511 84588 20955 1.05 -0.21 0.61 0.04 玻璃 258164 58998 572993 19326 0.89 0.11 0.62 -0.01 氧化铝 57524 -124620 172847 8208 4.40 2.20 4.50 -0.02 528.9 -10.2 -1.86% -2.51% 147926 17058 22256 -3027 1502 0 -0.33% -1.27% 643900 -512672 1055968 -22787 LPG 4414 -30 -0.50% -0.81% 61771 1733 47046 1645 PTA 4800 -