核心观点
　　今日各股指全面上涨。两市超3400只个股上涨，全天成交额9189亿元，北向资金净买入70亿元。消息面，2月制造业PMI与非制造业PMI数据表现强劲，经济复苏预期升温，叠加两会政策利好预期发酵，市场情绪大幅回暖。近期市场进入两会政策的时间窗口，对政策利好的预期将成为影响市场情绪的主要变量，预计短期内股指呈现震荡偏强走势，需要密切关注政策方向指引。
　　目前期权隐含波动率仍处于偏低的分位数水平，持仓量PCR指标也回落至正常分位数区间，说明目前市场情绪并不恐慌。操作上，可以择机布局牛市价差策略做多。
　　

研究报告全文：金融期权日报专业研究创造价值2023年3月1日金融期权PMI数据强劲市场情绪升温核心观点今日各股指全面上涨两市超3400只个股上涨全天成交额9189亿元北向资金净买入70亿元消息面2月制造业PMI与非制造业PMI数据表现强劲经济复苏预期升温叠加两会政策利好预期发酵市场情绪大幅回暖近期市场进入两会政策的时间窗口对政策利好的预期将成为影响市场情绪的主要变量预计短期内股指呈现震荡偏强走势需要密切关注政策方向指引目前期权隐含波动率仍处于偏低的分位数水平持仓量PCR指标也回落宝城期货研究所至正常分位数区间说明目前市场情绪并不恐慌操作上可以择机布局牛市价差策略做多投资咨询团队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新闻动态国家统计局2月份制造业采购经理指数PMI为526比上月上升25个百分点高于临界点制造业景气水平继续上升2月份非制造业商务活动指数为563比上月上升19个百分点高于临界点非制造业恢复发展态势向好2期权指标2023年03月01日50ETF涨113收于2777300ETF上交所涨120收于4120300ETF深交所涨121收于4195沪深300指数涨141收于412694中证1000指数涨068收于700277500ETF上交所涨061收于6411500ETF深交所涨054收于6531创业板ETF涨055收于2372上证50ETF期权成交量PCR为8706上一交易日成交量PCR为10457持仓量PCR为9765上一交易日持仓量PCR为8520上交所3000ETF期权成交量PCR为8048上一交易日成交量PCR为9116持仓量PCR为10735上一交易日持仓量PCR为9864深交所300ETF期权成交量PCR为10036上一交易日成交量PCR为12228持仓量PCR为12237上一交易日持仓量PCR为11492中金所沪深300指数期权成交量PCR为7894上一交易日成交量PCR为8294持仓量PCR为8867上一交易日持仓量PCR为8465中金所中证1000指数期权成交量PCR为8665上一交易日成交量PCR为9813持仓量PCR为9005上一交易日持仓量PCR为8370上交所中证500ETF期权成交量PCR为9151上一交易日成交量PCR为10960持仓量PCR为11322上一交易日持仓量PCR为11205深交所中证500ETF期权成交量PCR为7404上一交易日成交量PCR为10482持仓量PCR为9575上一交易日持仓量PCR为9190创业板ETF期权成交量PCR为7087上一交易日成交量PCR为8056持仓量PCR为7410上一交易日持仓量PCR为7199上证50ETF期权2023年03月平值期权隐含波动率为1704标的30交易日历史波动率为1550上交所300ETF期权2023年03月平值期权隐含波动率为1640标的30交易日历史波动率为1461深交所300ETF期权2023年03月平值期权隐含波动率为1692标的30交易日历史波动率为1463中金所沪深300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1516中金所中证1000指数期权2023年03月平值期权隐含波动率为1607标的30交易日历史波动率为1270上交所中证500ETF期权2023年03月平值期权隐含波动率为1429标的30交易日历史波动率为1161深交所中证500ETF期权2023年03月平值期权隐含波动率为1588标的30交易日历史波动率为1163创业板ETF期权2023年03月平值期权隐含波动率为2093标的30交易日历史波动率为1742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50004520001800450041600400014003512003500100030003800250060025400200020015002010002021-01-042021-02-012021-03-082021-04-062021-05-072021-06-042021-08-022021-08-302021-11-032021-12-012021-12-292022-01-272022-03-312022-05-052022-07-012022-07-292022-09-262022-10-312022-11-282022-12-262023-02-282021-07-052021-09-292022-03-032022-06-022022-08-262023-01-312021-01-042021-03-042021-03-312021-04-282021-05-282021-07-222021-09-142021-10-202021-12-132022-02-112022-03-102022-04-082022-05-102022-07-042022-07-292022-08-252022-09-222022-11-222022-12-192023-01-162023-02-172021-01-292021-06-252021-08-182021-11-162022-01-102022-06-072022-10-26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7000000140004500000160006000000120004000000140003500000500000010000120003000000100004000000800025000002000000800030000006000600020000001500000400010000004000100000020005000002000000000002021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-01-042021-02-032021-03-122021-04-142022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-31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62000500018004500551600140040005120035001000300045800250060044002000200150035010002021-02-012021-03-082021-05-072021-06-042021-08-022021-09-292021-11-032021-12-292022-01-272022-03-312022-06-022022-07-012022-08-262022-09-262022-11-282022-12-262023-01-312023-02-282021-01-042021-01-292021-03-042021-04-282021-05-282021-06-252021-07-222021-09-142021-11-162021-12-132022-02-112022-04-082022-05-102022-06-072022-07-042022-08-252022-10-262022-11-222023-01-162021-01-042021-04-062021-07-052021-08-302021-12-012022-03-032022-05-052022-07-292022-10-312021-03-312021-08-182021-10-202022-01-102022-03-102022-07-292022-09-222022-12-192023-02-17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50000001400030000001600014000400000012000250000010000120002000000100003000000800015000008000200000060001000000600040001000000400020005000002000000000002021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-01-042021-02-032021-03-122021-04-142021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-08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600040045003505500400030035002505000300020045001502500200040001005015003500010002021-01-042021-01-292021-03-042021-04-282021-05-282021-06-252021-07-222021-09-142021-11-162021-12-132022-02-112022-04-082022-05-102022-06-072022-07-042022-08-252022-10-262022-11-222023-01-162021-03-312021-08-182021-10-202022-01-102022-03-102022-07-292022-09-222022-12-192023-02-172021-03-102021-04-092021-05-132021-06-112021-07-132021-08-112021-09-092021-10-192021-11-172022-05-272022-06-282022-07-272022-08-252022-09-262022-11-012022-11-302022-12-292023-02-062021-01-042021-02-022021-12-162022-01-172022-02-222022-03-232022-04-25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8000002000060000016000700000500000140006000001500012000500000400000100004000001000030000080003000002000006000200000500040001000001000002000000000002021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-11-012021-12-312022-03-112022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-09-232021-12-012022-02-092022-04-142021-01-042021-03-122021-05-192021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-02-032021-04-142021-06-21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6000003503500300550000300025050000020025004500001502000100400000150005035000000010002021-01-042021-01-292021-03-042021-04-282021-05-282021-06-252021-07-222021-09-142021-11-162021-12-132022-02-112022-04-082022-05-102022-06-072022-07-042022-08-252022-10-262022-11-222023-01-162021-03-312021-08-182021-10-202022-01-102022-03-102022-07-292022-09-222022-12-192023-02-172021-01-042021-02-022021-03-102021-06-112021-07-132021-08-112021-09-092021-10-192021-12-162022-01-172022-02-222022-03-232022-04-252022-07-272022-08-252022-09-262022-11-012023-02-062021-04-092021-05-132021-11-172022-05-272022-06-282022-11-302022-12-29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400000140003000001400035000012000250000120003000001000010000250000200000800080002000001500006000600015000010000010000040004000500002000500002000000000002021-01-042021-03-122021-05-192021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-02-032021-04-142021-06-212021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-11-012021-12-312022-03-112022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-09-232021-12-012022-02-092022-04-14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7500002503500700000200300065000015025006000001002000550000050150050000000010002022-07-222022-08-012022-08-092022-08-172022-09-132022-09-212022-09-292022-10-142022-11-092022-11-172022-11-252022-12-052022-12-132022-12-292023-01-092023-01-172023-02-012023-02-092023-02-272022-08-252022-09-022022-10-242022-11-012022-12-212023-02-172022-07-222022-08-012022-08-092022-08-252022-09-022022-09-132022-09-292022-10-142022-10-242022-11-092022-11-172022-11-252022-12-132022-12-212022-12-292023-01-172023-02-012023-02-092023-02-272022-08-172022-09-212022-11-012022-12-052023-01-092023-02-17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180000160009000014000160000140008000012000140000700001200010000120000100006000010000050000800080000800040000600060006000030000400040000400020000200002000100002000000000002022-07-222022-08-022022-08-112022-08-222022-08-312022-09-092022-10-182022-10-272022-11-072022-11-162022-11-252022-12-062022-12-152023-01-162023-02-012023-02-102023-02-212022-09-212022-09-302022-12-262023-01-052022-07-222022-08-112022-08-222022-08-312022-09-092022-09-302022-10-182022-10-272022-11-072022-11-252022-12-062022-12-152022-12-262023-01-162023-02-012023-02-102023-02-212022-08-022022-09-212022-11-162023-01-05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70066002800600640026005006200240022004006000200030058001800200560016001400100540012000520010002022-09-192022-09-292022-10-122022-10-182022-10-242022-11-032022-11-092022-11-152022-11-212022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-02-032023-02-092023-02-152023-02-212022-09-232022-10-282022-11-252022-12-232023-01-302023-02-272022-09-192022-09-262022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192022-12-262023-01-032023-01-172023-01-312023-02-142023-02-212022-10-102022-10-312022-11-212023-01-102023-02-072023-02-28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14000002000080000012000001400070000010000001500012000600000100008000005000001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