今日各股指延续低位震荡整理。两市全天成交额7567亿元，较昨日放量382亿元，北向资金净卖出40.77亿元。海外美联储鹰派加息预期升温,抑制外资风险偏好,影响北向资金的流入节奏。消息面上，2月份国内通胀数据表现温和，反应国内经济主要问题在需求不足，需求的恢复需要居民的收入预期得到修复。目前国内经济复苏的确定性预期较强,但是对复苏高度仍存分歧,政策也是以稳健为主,预计经济强复苏的预期明显降温。加上地缘风险上升,市场避险情绪上升，预计短期内股指以震荡整理为主。
　　目前期权隐含波动率仍处于偏低的分位数水平，市场预期股指维持在窄范围内震荡的可能性较大。操作上，可以选择卖出跨式或宽跨式。
　　
　　

研究报告全文：金融期权日报专业研究创造价值2023年3月9日金融期权短期内股指震荡整理可卖出宽跨式核心观点今日各股指延续低位震荡整理两市全天成交额7567亿元较昨日放量382亿元北向资金净卖出4077亿元海外美联储鹰派加息预期升温抑制外资风险偏好影响北向资金的流入节奏消息面上2月份国内通胀数据表现温和反应国内经济主要问题在需求不足需求的恢复需要居民的收入预期得到修复目前国内经济复苏的确定性预期较强但是对复苏高度仍存分歧政策也是以稳健为主预计经济强复苏的预期明显降温加上地缘风险上升市场避险情绪上升预计短期内股指以震荡整理为主宝城期货研究所目前期权隐含波动率仍处于偏低的分位数水平市场预期股指维持在窄范围内震荡的可能性较大操作上可以选择卖出跨式或宽跨式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114请务必阅读文末免责条款金融期权日报1新闻动态统计局2月份工业生产者出厂价格同比下降14环比持平统计局2月份居民消费价格同比上涨10环比下降052期权指标2023年03月08日50ETF跌077收于2697300ETF上交所跌040收于4026300ETF深交所跌029收于4098沪深300指数跌036收于403411中证1000指数涨053收于689146500ETF上交所涨016收于6313500ETF深交所涨005收于6425创业板ETF跌017收于2308深证100ETF跌040收于3018上证50指数跌078收于269193上证50ETF期权成交量PCR为10339上一交易日成交量PCR为9272持仓量PCR为7344上一交易日持仓量PCR为8199上交所3000ETF期权成交量PCR为9299上一交易日成交量PCR为9899持仓量PCR为9518上一交易日持仓量PCR为9618深交所300ETF期权成交量PCR为11526上一交易日成交量PCR为9678持仓量PCR为9206上一交易日持仓量PCR为10114沪深300指数期权成交量PCR为8101上一交易日成交量PCR为8234持仓量PCR为8018上一交易日持仓量PCR为8421中证1000指数期权成交量PCR为9770上一交易日成交量PCR为9191持仓量PCR为8878上一交易日持仓量PCR为8638上交所中证500ETF期权成交量PCR为10177上一交易日成交量PCR为11510持仓量PCR为10703上一交易日持仓量PCR为10610深交所中证500ETF期权成交量PCR为12689上一交易日成交量PCR为9023持仓量PCR为9056上一交易日持仓量PCR为9085创业板ETF期权成交量PCR为8098上一交易日成交量PCR为7468持仓量PCR为6209上一交易日持仓量PCR为6526深证100ETF期权成交量PCR为14382上一交易日成交量PCR为10791持仓量PCR为8951上一交易日持仓量PCR为9522上证50股指期权成交量PCR为7874上一交易日成交量PCR为7156持仓量PCR为5278上一交易日持仓量PCR为5737上证50ETF期权2023年03月平值期权隐含波动率为1857标的30交易日历史波动率为1491上交所300ETF期权2023年03月平值期权隐含波动率为1696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1705标的30交易日历史波动率为1465沪深300指数期权2023年03月平值期权隐含波动率为1744标的30交易日历史波动率为1467中证1000指数期权2023年03月平值期权隐含波动率为1664标的30交易日历史波动率为1416上交所中证500ETF期权2023年03月平值期权隐含波动率为1531标的30交易日历史波动率为1239深交所中证500ETF期权2023年03月平值期权隐含波动率为1596标的30交易日历史波动率为1242创业板ETF期权2023年03月平值期权隐含波动率为2263标的30交易日历史波动率为1672深证100ETF期权2023年03月平值期权隐含波动率为1837标的30交易日历史波动率为1655上证50专业研究创造价值214请务必阅读文末免责条款金融期权日报股指期权2023年03月平值期权隐含波动率为1854标的30交易日历史波动率为1498专业研究创造价值314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50004520001800450041600400014003512003500100030003800250060025400200020015002010002021-01-042021-02-012021-03-082021-04-062021-05-072021-06-042021-08-022021-08-302021-09-292021-11-032021-12-012022-03-032022-03-312022-05-052022-06-022022-07-012022-09-262022-10-312022-11-282022-12-262023-01-312021-07-052021-12-292022-01-272022-07-292022-08-262023-02-282021-01-042021-01-292021-03-042021-03-312021-04-282021-05-282021-08-182021-09-142021-10-202021-11-162021-12-132022-01-102022-02-112022-05-102022-06-072022-07-042022-07-292022-08-252022-09-222023-01-162023-02-172021-06-252021-07-222022-03-102022-04-082022-10-262022-11-222022-12-19标的成交量万手标的收盘价左轴标的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7000000140004500000160006000000120004000000140003500000500000010000120003000000100004000000800025000002000000800030000006000600020000001500000400010000004000100000020005000002000000000002021-01-042021-02-032021-03-122021-04-142021-06-212021-07-212021-09-232021-11-012021-12-012021-12-312022-03-112022-04-142022-06-212022-08-222022-09-222022-11-302022-12-302023-02-082021-05-192021-08-202022-02-092022-05-192022-07-212022-10-312021-01-042021-02-032021-04-142021-05-192021-07-212021-08-202021-09-232021-11-012021-12-312022-02-092022-04-142022-05-192022-07-212022-08-222022-09-222022-10-312022-12-302023-02-082021-03-122021-06-212021-12-012022-03-112022-06-212022-11-30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414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62000500018004500551600140040005120035001000300045800250060044002000200150035010002021-02-012021-03-082021-04-062021-05-072021-06-042021-09-292021-11-032021-12-012021-12-292022-01-272022-05-052022-06-022022-07-012022-07-292022-08-262022-11-282022-12-262023-01-312023-02-282021-01-292021-03-042021-03-312021-04-282021-05-282021-06-252021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-07-042022-07-292022-08-252022-09-222022-10-262022-11-222022-12-192021-01-042021-07-052021-08-022021-08-302022-03-032022-03-312022-09-262022-10-312021-01-042021-07-222021-08-182021-09-142022-04-082022-05-102022-06-072023-01-162023-02-17标的成交量万手标的收盘价左轴标的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50000001400030000001600014000400000012000250000010000120002000000100003000000800015000008000200000060001000000600040001000000400020005000002000000000002021-02-032021-03-122021-05-192021-07-212021-08-202021-11-012021-12-012021-12-312022-02-092022-04-142022-05-192022-07-212022-08-222022-09-222022-10-312022-12-302023-02-082021-01-042021-04-142021-06-212021-09-232022-03-112022-06-212022-11-302021-01-042021-02-032021-03-122021-05-192021-06-212021-08-202021-09-232021-12-012021-12-312022-02-092022-03-112022-05-192022-06-212022-08-222022-09-222022-11-302022-12-302023-02-082021-04-142021-07-212021-11-012022-04-142022-07-212022-10-31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514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600040045003505500400030035002505000300020045001502500200040001005015003500010002021-01-292021-03-042021-03-312021-04-282021-05-282021-06-252021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-07-042022-07-292022-08-252022-09-222022-10-262022-11-222022-12-192021-01-042021-07-222021-08-182021-09-142022-04-082022-05-102022-06-072023-01-162023-02-172021-02-022021-03-102021-05-132021-06-112021-08-112021-09-092021-11-172021-12-162022-02-222022-03-232022-05-272022-06-282022-08-252022-09-262022-11-302022-12-292023-03-072021-01-042021-04-092021-07-132021-10-192022-01-172022-04-252022-07-272022-11-012023-02-06标的成交量万手标的收盘价左轴标的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8000002000060000016000700000500000140006000001500012000500000400000100004000001000030000080003000002000006000200000500040001000001000002000000000002021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-07-212021-08-202021-09-232021-11-012021-12-012021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-08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614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6000003503500300550000300025050000020025004500001502000100400000150005035000000010002021-01-292021-03-042021-03-312021-04-282021-05-282021-06-252021-10-202021-11-162021-12-132022-01-102022-02-112022-03-102022-07-042022-07-292022-08-252022-09-222022-10-262022-11-222022-12-192021-01-042021-07-222021-08-182021-09-142022-04-082022-05-102022-06-072023-01-162023-02-172021-01-042021-02-032021-03-122021-04-142021-05-192021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-10-312022-11-302022-12-302023-02-082021-06-212021-07-212021-08-202022-06-212022-07-212022-08-222022-09-22标的成交量亿手标的收盘价左轴标的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400000140003000001400035000012000250000120003000001000010000250000200000800080002000001500006000600015000010000010000040004000500002000500002000000000002021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-07-212021-08-202021-09-232021-11-012021-12-012021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-01-042021-02-032021-03-122021-04-142021-05-192021-06-212021-12-312022-02-092022-03-112022-04-142022-05-192022-06-212022-07-212022-08-222022-09-222022-10-312022-11-302022-12-302023-02-082021-07-212021-08-202021-09-232021-11-012021-12-01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714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7500002503500700000200300065000015025006000001002000550000050150050000000010002022-07-222022-08-022022-08-312022-09-092022-09-212022-09-302022-10-182022-11-162022-11-252022-12-062022-12-152022-12-262023-01-052023-02-102023-02-212023-03-022022-08-112022-08-222022-10-272022-11-072023-01-162023-02-012022-07-222022-08-092022-08-172022-08-252022-09-132022-09-212022-09-292022-10-242022-11-012022-11-092022-11-252022-12-052022-12-132022-12-292023-01-092023-01-172023-02-092023-02-172023-02-272022-08-012022-09-022022-10-142022-11-172022-12-212023-02-012023-03-07标的成交量亿手标的收盘价左轴标的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180000160009000014000160000140008000012000140000700001200010000120000100006000010000050000800080000800040000600060006000030000400040000400020000200002000100002000000000002022-07-222022-08-022022-08-222022-08-312022-09-092022-09-212022-09-302022-10-182022-11-072022-11-162022-12-062022-12-152023-01-052023-01-162023-02-012023-02-212023-03-022022-08-112022-10-272022-11-252022-12-262023-02-102022-07-222022-08-022022-08-112022-09-092022-09-212022-09-302022-10-182022-11-072022-11-162022-11-252022-12-062022-12-152023-01-052023-01-162023-02-012023-02-102023-02-212022-08-222022-08-312022-10-272022-12-262023-03-02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814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66007002800640060026002400620050022006000400200018005800300160056002001400120054001001000520008002022-09-192022-09-292022-10-122022-10-182022-10-242022-11-032022-11-092022-11-152022-11-212022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-02-032023-02-152023-02-212023-03-032022-09-232022-10-282022-11-252022-12-232023-01-302023-02-092023-02-272022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072023-02-142023-02-212023-03-072022-09-192022-10-312022-11-212022-12-262023-01-172023-02-28标的成交量万手标的收盘价左轴标的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14000002000080000012000001400070000010000001500012000600000100008000005000001000080006000004000004000005000300000600020000020000040000000100000200000002022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-212022-11-282022-12-122022-12-262023-01-032023-01-102023-01-172023-02-072023-02-142023-02-212023-02-282022-09-192022-10-312022-12-052022-12-192023-01-312023-03-072022-09-192022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192022-12-262023-01-032023-01-172023-01-312023-02-142023-02-212023-02-282022-10-312022-11-212023-01-102023-02-072023-03-07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914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6600250280064002600200240062002200600015020001800580010016005600140050120054001000520008002022-09-192022-09-292022-10-122022-10-182022-10-242022-11-032022-11-092022-11-152022-11-212022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-02-032023-02-092023-02-152023-02-212023-03-032022-09-232022-10-282022-11-252022-12-232023-01-302023-02-272022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192023-01-032023-01-102023-01-312023-02-142023-02-212023-03-072022-09-192022-10-312022-11-212022-12-262023-01-172023-02-072023-02-28标的成交量万手标的收盘价左轴标的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300000200002500002000025000020000015000150002000001500001500001000010000100000100000500050005000050000000000002022-09-192022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192022-12-262023-01-032023-01-172023-01-312023-02-142023-02-212023-02-282022-09-262022-10-312022-11-212023-01-102023-02-072023-03-072022-09-192022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192022-12-262023-01-032023-01-172023-01-312023-02-142023-02-212023-02-282022-09-262022-10-312022-11-212023-01-102023-02-072023-03-07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1014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260012003500250010003000240080023002500600220020002100400150020002001900010002022-09-192022-09-292022-10-122022-10-182022-10-242022-11-032022-11-092022-11-152022-11-212022-12-012022-12-072022-12-132022-12-192022-12-292023-01-052023-01-112023-01-172023-02-032023-02-152023-02-212023-03-032022-09-232022-10-282022-11-252022-12-232023-01-302023-02-092023-02-272022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-282022-12-052022-12-122022-12-192023-01-032023-01-102023-01-312023-02-072023-02-142023-02-212023-03-072022-09-192022-10-312022-11-212022-12-262023-01-172023-02-28标的成交量万手标的收盘价左轴标的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18000001400010000002000016000001200014000008000001500012000001000010000008000600000100008000006000400000600000400040000020000050002000002000000000002022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-212022-11-282022-12-122022-12-262023-01-032023-01-102023-01-172023-02-072023-02-142023-02-212023-02-282022-09-192022-10-312022-12-052022-12-192023-01-312023-03-072022-09-262022-10-102022-10-172022-10-242022-11-072022-11-142022-11-212022-11-282022-12-122022-12-262023-01-032023-01-102023-01-172023-02-072023-02-142023-02-212023-02-282022-09-192022-10-312022-12-052022-12-192023-01-312023-03-07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1114请务必阅读文末免责条款金融期权日报深证100ETF期权图33深证100ETF走势图34深证100ETF期权波动率深证100ETF期权深证100ETF期权330010022003200802000310018006030001600402900140028002012002700010002022-12-192022-12-272022-12-302023-01-052023-01-102023-01-132023-01-182023-02-022023-02-102023-02-152023-02-202023-02-232023-02-282023-03-032022-12-222023-01-302023-02-072023-03-082022-12-192022-12-272022-12-292023-01-032023-01-052023-01-092023-01-172023-01-192023-01-302023-02-012023-02-032023-02-132023-02-152023-02-172023-02-212023-02-232023-03-032023-03-072022-12-212022-12-232023-01-112023-01-132023-02-072023-02-092023-02-272023-03-01标的成交量万手标的收盘价左轴标的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35深证100ETF期权成交量PCR图36深证100ETF持仓量PCR深证100ETF期权深证100ETF期权200000160001400001200014000120000100001500001200010000080001000080000100000800060006000060004000500004000400002000200002000000000002022-12-192022-12-222022-12-302023-01-052023-01-102023-01-132023-01-302023-02-022023-02-072023-02-202023-02-232023-02-282022-12-272023-01-182023-02-102023-02-152023-03-032023-03-082022-12-192022-12-222022-12-302023-01-052023-01-102023-01-132023-01-302023-02-022023-02-072023-02-202023-02-232023-02-282022-12-272023-01-182023-02-1020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