今日各股指均窄幅震荡整理。沪深两市全天成交额9373亿元，北向资金净卖出21亿元，超2700只个股下跌。在海外货币预期扰动下近期北向资金流入有所放缓，但节后股市融资余额逐步上升，反映出杠杆资金对股市的看好情绪，特别是对中小盘股票的资金面支撑作用较为明显。1月经济数据表现出复苏的态势,但在房地产与出口等相关方面仍偏弱，对经济复苏预期有所抑制，短线股指存在震荡整固的技术性需求。随着两会临近，对政策面的利好预期将逐渐升温，稳增长政策背景下股票盈利修复预期仍强烈,加上目前股指估值水平较低，预计短期震荡整固后股指中长期仍向上。
　　近期期权隐含波动率震荡回落至较低的分位数水平，说明市场情绪并不恐慌。操作上，可以择机布局牛市价差策略或者比例价差策略做多。
　　

研究报告全文：金融期权日报专业研究创造价值2023年2月15日金融期权短期内股指维持震荡整理核心观点今日各股指均窄幅震荡整理沪深两市全天成交额9373亿元北向资金净卖出21亿元超2700只个股下跌在海外货币预期扰动下近期北向资金流入有所放缓但节后股市融资余额逐步上升反映出杠杆资金对股市的看好情绪特别是对中小盘股票的资金面支撑作用较为明显1月经济数据表现出复苏的态势但在房地产与出口等相关方面仍偏弱对经济复苏预期有所抑制短线股指存在震荡整固的技术性需求随着两会临近对政策面的利好预期将逐渐升温稳增长政策背景下股票盈利修复预期仍强烈加上目前股指宝城期货研究所估值水平较低预计短期震荡整固后股指中长期仍向上近期期权隐含波动率震荡回落至较低的分位数水平说明市场情绪并不投资咨询团队恐慌操作上可以择机布局牛市价差策略或者比例价差策略做多仅供参考不构成任何投资建议专业研究创造价值请务必阅读文末免责条款部分111请务必阅读文末免责条款金融期权日报1新闻动态2月15日中国半导体行业协会发布声明据海外媒体报道美国荷兰日本三国政府达成协议将对中国芯片制造施加新的设备出口管制和限制此举如果成为现实在对中国半导体产业造成巨大伤害的同时也将对全球产业及经济造成难以估量的伤害对全球最终消费者的利益造成长期伤害中国半导体行业协会反对这一破坏现有全球半导体产业生态的行为反对这一干涉全球贸易自由化扭曲供需关系和供需平衡的行为反对这一试图将中国半导体产业排除在全球产业体系及市场自由竞争之外的行为2期权指标2023年02月15日50ETF跌093收于2760300ETF上交所跌068收于4116300ETF深交所跌064收于4189沪深300指数跌052收于412369中证1000指数涨003收于706360500ETF上交所跌019收于6399500ETF深交所跌021收于6512创业板ETF跌088收于2468上证50ETF期权成交量PCR为9721上一交易日成交量PCR为10132持仓量PCR为8702上一交易日持仓量PCR为9046上交所3000ETF期权成交量PCR为8277上一交易日成交量PCR为8425持仓量PCR为9563上一交易日持仓量PCR为9774深交所300ETF期权成交量PCR为10467上一交易日成交量PCR为9180持仓量PCR为9258上一交易日持仓量PCR为9760中金所沪深300指数期权成交量PCR为7532上一交易日成交量PCR为8353持仓量PCR为9853上一交易日持仓量PCR为9777中金所中证1000指数期权成交量PCR为10396上一交易日成交量PCR为8914持仓量PCR为9622上一交易日持仓量PCR为9315上交所中证500ETF期权成交量PCR为11507上一交易日成交量PCR为10955持仓量PCR为10446上一交易日持仓量PCR为10549深交所中证500ETF期权成交量PCR为9836上一交易日成交量PCR为10023持仓量PCR为8526上一交易日持仓量PCR为8250创业板ETF期权成交量PCR为8932上一交易日成交量PCR为9229持仓量PCR为8946上一交易日持仓量PCR为8989上证50ETF期权2023年02月平值期权隐含波动率为1700标的30交易日历史波动率为1293上交所300ETF期权2023年02月平值期权隐含波动率为1519标的30交易日历史波动率为1219深交所300ETF期权2023年02月平值期权隐含波动率为1680标的30交易日历史波动率为1221中金所沪深300指数期权2023年03月平值期权隐含波动率为1565标的30交易日历史波动率为1239中金所中证1000指数期权2023年03月平值期权隐含波动率为1654标的30交易日历史波动率为1171上交所中证500ETF期权2023年02月平值期权隐含波动率为1432标的30交易日历史波动率为954深交所中证500ETF期权2023年02月平值期权隐含波动率为1471标的30交易日历史波动率为955创业板ETF期权2023年02月平值期权隐含波动率为2095标的30交易日历史波动率为1656专业研究创造价值211请务必阅读文末免责条款金融期权日报3相关图表上证50ETF期权图1上证50ETF走势图2上证50ETF期权波动率50ETF期权50ETF期权50004520001800450041600400014003512003500100030003800250060025400200020015002010002021-01-042021-01-292021-04-282021-05-282021-06-252021-08-182021-09-142021-10-202021-11-162022-01-102022-02-112022-03-102022-04-082022-06-072022-07-042022-07-292022-10-262022-11-222022-12-192021-03-042021-03-312021-07-222021-12-132022-05-102022-08-252022-09-222023-01-162021-01-042021-01-292021-03-042021-03-312021-04-282021-05-282021-06-252021-07-222021-08-182021-09-142021-11-162022-01-102022-03-102022-05-102022-06-072022-07-042022-07-292022-08-252022-09-222022-10-262022-11-222022-12-192023-01-162021-10-202021-12-132022-02-112022-04-08标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图3上证50ETF期权成交量PCR图4上证50ETF持仓量PCR50ETF期权50ETF期权7000000140004500000160006000000120004000000140003500000500000010000120003000000100004000000800025000002000000800030000006000600020000001500000400010000004000100000020005000002000000000002021-02-032021-03-122021-05-192021-06-212021-07-212021-09-232021-11-012021-12-312022-02-092022-03-112022-05-192022-06-212022-09-222022-10-312022-12-302023-02-082021-01-042021-04-142021-08-202021-12-012022-04-142022-07-212022-08-222022-11-302021-02-032021-03-122021-04-142021-06-212021-07-212021-08-202021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-06-212022-07-212022-08-222022-10-312022-11-302022-12-302021-01-042021-05-192021-09-232022-05-192022-09-222023-02-08日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值311请务必阅读文末免责条款金融期权日报上交所300ETF期权图5上交所300ETF走势图6上交所300ETF期权波动率300ETF期权上交所300ETF期权上交所62000500018004500551600140040005120035001000300045800250060044002000200150035010002021-01-042021-01-292021-03-042021-04-282021-05-282021-06-252021-07-222021-09-142021-10-202021-11-162021-12-132022-02-112022-03-102022-04-082022-05-102022-07-042022-07-292022-08-252022-11-222022-12-192023-01-162021-01-042021-03-042021-04-282021-06-252021-08-182021-09-142021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-05-102022-07-042022-08-252022-10-262022-12-192021-03-312021-08-182022-01-102022-06-072022-09-222022-10-262021-01-292021-03-312021-05-282021-07-222022-04-082022-06-072022-07-292022-09-222022-11-222023-01-16标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图7上交所300ETF期权成交量PCR图8上交所300ETF持仓量PCR300ETF期权上交所300ETF期权上交所50000001400030000001600014000400000012000250000010000120002000000100003000000800015000008000200000060001000000600040001000000400020005000002000000000002021-01-042021-03-122021-04-142021-05-192021-07-212021-08-202021-11-012021-12-012021-12-312022-03-112022-04-142022-07-212022-08-222022-10-312022-11-302022-12-302021-02-032021-06-212021-09-232022-02-092022-05-192022-06-212022-09-222023-02-082021-01-042021-02-032021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-12-012021-12-312022-02-092022-04-142022-05-192022-06-212022-08-222022-09-222022-10-312022-12-302023-02-082021-03-122021-11-012022-03-112022-07-212022-11-30日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值411请务必阅读文末免责条款金融期权日报深交所300ETF期权图9深交所300ETF走势图10深交所300ETF期权波动率300ETF期权深交所300ETF期权深交所600040045003505500400030035002505000300020045001502500200040001005015003500010002021-01-042021-03-042021-04-282021-06-252021-08-182021-09-142021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-05-102022-07-042022-08-252022-10-262022-12-192021-01-292021-03-312021-05-282021-07-222022-04-082022-06-072022-07-292022-09-222022-11-222023-01-162021-01-042021-02-012021-03-082021-05-072021-06-042021-07-052021-08-302021-09-292021-11-032021-12-292022-01-272022-03-032022-05-052022-06-022022-08-262022-09-262022-11-282022-12-262023-01-312021-04-062021-08-022021-12-012022-03-312022-07-012022-07-292022-10-31标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图11深交所300ETF期权成交量PCR图12深交所300ETF持仓量PCR300ETF期权深交所300ETF期权深交所8000002000060000016000700000500000140006000001500012000500000400000100004000001000030000080003000002000006000200000500040001000001000002000000000002021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-12-012022-02-092022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302023-02-082021-01-042021-11-012021-12-312022-03-112022-12-302021-01-042021-02-032021-03-122021-05-192021-07-212021-09-232021-11-012021-12-012021-12-312022-03-112022-05-192022-07-212022-08-222022-09-222022-10-312022-12-302021-04-142021-06-212021-08-202022-02-092022-04-142022-06-212022-11-302023-02-08日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值511请务必阅读文末免责条款金融期权日报沪深300股指期权图13沪深300股指走势图14沪深300股指期权波动率沪深300指数期权沪深300指数期权6000003503500300550000300025050000020025004500001502000100400000150005035000000010002021-01-042021-03-042021-04-282021-06-252021-08-182021-09-142021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-05-102022-07-042022-08-252022-10-262022-12-192021-01-292021-03-312021-05-282021-07-222022-04-082022-06-072022-07-292022-09-222022-11-222023-01-162021-01-042021-02-022021-03-102021-05-132021-06-112021-07-132021-09-092021-10-192021-11-172022-01-172022-02-222022-03-232022-05-272022-06-282022-07-272022-09-262022-11-012023-02-062021-04-092021-08-112021-12-162022-04-252022-08-252022-11-302022-12-29标的成交量亿手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图15沪深300股指期权成交量PCR图16沪深300股指持仓量PCR沪深300指数期权沪深300指数期权400000140003000001400035000012000250000120003000001000010000250000200000800080002000001500006000600015000010000010000040004000500002000500002000000000002021-01-042021-02-032021-03-122021-05-192021-07-212021-09-232021-11-012021-12-012021-12-312022-03-112022-05-192022-07-212022-08-222022-09-222022-10-312022-12-302021-04-142021-06-212021-08-202022-02-092022-04-142022-06-212022-11-302023-02-082021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-12-012022-02-092022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302023-02-082021-01-042021-11-012021-12-312022-03-112022-12-30日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值611请务必阅读文末免责条款金融期权日报中证1000股指期权图17中证1000股指走势图18中证1000股指期权波动率中证1000指数期权中证1000指数期权7500002503500700000200300065000015025006000001002000550000050150050000000010002022-07-222022-08-012022-08-092022-08-172022-08-252022-09-022022-09-132022-09-212022-09-292022-10-142022-10-242022-11-012022-11-092022-11-172022-11-252022-12-052022-12-132022-12-292023-01-092023-02-012023-02-092022-12-212023-01-172022-07-222022-07-292022-08-122022-08-192022-08-262022-09-022022-09-092022-09-192022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-192022-12-262023-01-102023-01-172023-02-072023-02-142022-08-052022-10-312022-11-212022-12-122023-01-032023-01-31标的成交量亿手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图19中证1000股指期权成交量PCR图20中证1000股指持仓量PCR中证1000指数期权中证1000指数期权180000160009000014000160000140008000012000140000700001200010000120000100006000010000050000800080000800040000600060006000030000400040000400020000200002000100002000000000002022-08-012022-08-092022-08-172022-09-022022-09-132022-09-292022-10-142022-10-242022-11-092022-11-172022-11-252022-12-132022-12-212022-12-292023-01-172023-02-012022-07-222022-08-252022-09-212022-11-012022-12-052023-01-092023-02-092022-07-222022-08-012022-08-092022-08-252022-09-022022-09-132022-09-292022-10-142022-10-242022-11-092022-11-172022-11-252022-12-052022-12-132022-12-212023-01-092023-01-172023-02-012022-08-172022-09-212022-11-012022-12-292023-02-09日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值711请务必阅读文末免责条款金融期权日报上交所500ETF期权图21上交所500ETF走势图22上交所500ETF期权波动率500ETF期权上交所500ETF期权上交所70066002800600640026005006200240022004006000200030058001800200560016001400100540012000520010002022-09-192022-09-292022-10-182022-10-282022-11-092022-11-212022-12-012022-12-072022-12-132022-12-192022-12-232022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-092023-02-152022-09-232022-10-122022-10-242022-11-032022-11-152022-11-252022-09-232022-10-122022-10-182022-10-242022-10-282022-11-092022-11-212022-11-252022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-152022-09-192022-09-292022-11-032022-11-152022-12-232023-02-09标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图23上交所500ETF期权成交量PCR图24上交所500ETF持仓量PCR500ETF期权上交所500ETF期权上交所14000002000080000012000001400070000010000001500012000600000100008000005000001000080006000004000004000005000300000600020000020000040000000100000200000002022-09-192022-09-262022-10-172022-10-242022-10-312022-11-072022-11-212022-11-282022-12-052022-12-122022-12-262023-01-032023-01-102023-01-172023-02-072023-02-142022-10-102022-11-142022-12-192023-01-312022-09-192022-10-102022-10-172022-10-312022-11-072022-11-212022-11-282022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072022-10-242022-11-142022-12-052022-12-262023-01-172023-02-14日认购成交量日认沽成交量日成交量PCR2022-09-26日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值811请务必阅读文末免责条款金融期权日报深交所500ETF期权图25深交所500ETF走势图26深交所500ETF期权波动率500ETF期权深交所500ETF期权深交所2506600280064002600200240062002200150600020001005800180056001600501400540012000520010002022-09-232022-10-122022-10-182022-10-242022-10-282022-11-092022-11-212022-11-252022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-152022-09-192022-09-292022-11-032022-11-152022-12-232023-02-092022-09-192022-09-292022-10-182022-10-282022-11-092022-11-212022-12-012022-12-072022-12-132022-12-192022-12-232022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-092023-02-152022-09-232022-10-122022-10-242022-11-032022-11-152022-11-25标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图27深交所500ETF期权成交量PCR图28深交所500ETF持仓量PCR500ETF期权深交所500ETF期权深交所300000200002500002000025000020000015000150002000001500001500001000010000100000100000500050005000050000000000002022-09-192022-10-102022-10-172022-10-312022-11-072022-11-212022-11-282022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072022-09-262022-10-242022-11-142022-12-052022-12-262023-01-172023-02-142022-09-192022-10-102022-10-172022-10-312022-11-072022-11-212022-11-282022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072022-09-262022-10-242022-11-142022-12-052022-12-262023-01-172023-02-14日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值911请务必阅读文末免责条款金融期权日报创业板ETF期权图29创业板ETF走势图30创业板ETF期权波动率创业板ETF期权创业板ETF期权120026003900250010003400800240023002900600220024004002100190020020000190014002022-09-192022-09-292022-10-182022-10-282022-11-092022-11-212022-12-012022-12-072022-12-132022-12-192022-12-232022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-092023-02-152022-09-232022-10-122022-10-242022-11-032022-11-152022-11-252022-09-232022-10-122022-10-182022-10-242022-10-282022-11-092022-11-212022-11-252022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-01-302023-02-032023-02-152022-09-192022-09-292022-11-032022-11-152022-12-232023-02-09标的成交量万手标的收盘价标的30日历史波动率平值期权隐含波动率数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所图31创业板ETF期权成交量PCR图32创业板ETF持仓量PCR创业板ETF期权创业板ETF期权1800000140008000002000016000001200070000014000001000060000015000120000050000010000008000400000100008000006000600000300000400000400020000050002000002000100000000000002022-09-192022-10-102022-10-172022-10-312022-11-072022-11-212022-11-282022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072022-09-262022-10-242022-11-142022-12-052022-12-262023-01-172023-02-142022-09-192022-09-262022-10-172022-10-242022-10-312022-11-072022-11-212022-11-282022-12-052022-12-122022-12-262023-01-032023-01-102023-01-172023-02-072023-02-142022-10-102022-11-142022-12-192023-01-31日认购成交量日认沽成交量日成交量PCR日认购持仓量日认沽持仓量日持仓量PCR数据来源iFinD宝城期货研究所数据来源iFinD宝城期货研究所专业研究创造价值1011请务必阅读文末免责条款金融期权日报投资咨询团队简介获取每日期货策略推送服务国家走向世界诚信至上合规经营知行合一专业敬业严谨管理开拓进取扫码关注宝城期货官方微信期货咨询尽在掌握免责条款客户不应视本报告为作出投资决策的唯一因素本报告中所指的投资及服务可能不适合个别客户不构成客户私人咨询建议本公司未确保本报告充分考虑到个别客户特殊的投资目标财务状况或需要本公司建议客户应考虑本报告的任何意见或建议是否符合其特定状况以及若有必要咨询独立投资顾问在任何情况下本报告中的信息或所表述的意见并不构成对任何人的投资建议在任何情况下本公司不对任何人因使用本报告中的任何内容所引致的任何损失负任何责任若本报告的接收人非本公司的客户应在基于本报告作出任何投资决定或就本报告要求任何解释前咨询独立投资顾问专业研究创造价值1111请务必阅读文末免责条款