今日各股指均震荡下跌,主要受到海外风险因素传导的影响。消息面上,美国硅谷银行危机持续发酵,瑞信危机爆发,市场恐慌情绪大幅上升,投资者对高利率环境下海外银行系统的稳定性表露担忧。虽然各国央行以及监管机构迅速采取举措抑制危机扩散升级，但避险情绪影响下股市风险偏好难有亮眼表现。考虑到目前国内经济强复苏预期大幅回落，利多动能大大减弱，近期海外风险因素上升以及中美地缘风险犹存，预计短期内股指以震荡整理为主。
　　目前期权隐含波动率有所上升，但位于合理区间范围操作上，近期消息面扰动因素加大，可以卖出低执行价格的虚值认沽期权，布局“低吸”机会；也可以构建卖出宽跨式策略。

研究报告全文：金融期权日报专业研究创造价值2023年3月16日金融期权短期内股指震荡整理为主核心观点今日各股指均震荡下跌主要受到海外风险因素传导的影响消息面上美国硅谷银行危机持续发酵瑞信危机爆发市场恐慌情绪大幅上升投资者对高利率环境下海外银行系统的稳定性表露担忧虽然各国央行以及监管机构迅速采取举措抑制危机扩散升级但避险情绪影响下股市风险偏好难有亮眼表现考虑到目前国内经济强复苏预期大幅回落利多动能大大减弱近期海外风险因素上升以及中美地缘风险犹存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有所上升但位于合理区间范围操作上近期消息面扰动因素加大可以卖出低执行价格的虚值认沽期权布局低吸机会投资咨询团队也可以构建卖出宽跨式策略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新闻动态国务院总理李强3月14日主持召开新一届国务院第一次常务会议研究国务院机构设置有关工作讨论国务院工作规则修订稿新一届国务院开始全面履职2期权指标2023年03月16日50ETF跌094收于2627300ETF上交所跌116收于3933300ETF深交所跌121收于4001沪深300指数跌120收于393915中证1000指数跌167收于668978500ETF上交所跌123收于6165500ETF深交所跌115收于6280创业板ETF跌154收于2233深证100ETF跌148收于2926上证50指数跌097收于262282上证50ETF期权成交量PCR为11002上一交易日成交量PCR为9303持仓量PCR为6842上一交易日持仓量PCR为7032上交所3000ETF期权成交量PCR为10791上一交易日成交量PCR为9803持仓量PCR为8740上一交易日持仓量PCR为9094深交所300ETF期权成交量PCR为12846上一交易日成交量PCR为9523持仓量PCR为9589上一交易日持仓量PCR为9331沪深300指数期权成交量PCR为9186上一交易日成交量PCR为7907持仓量PCR为8027上一交易日持仓量PCR为8343中证1000指数期权成交量PCR为11153上一交易日成交量PCR为9514持仓量PCR为8747上一交易日持仓量PCR为9569上交所中证500ETF期权成交量PCR为12481上一交易日成交量PCR为10699持仓量PCR为9961上一交易日持仓量PCR为10376深交所中证500ETF期权成交量PCR为12609上一交易日成交量PCR为12101持仓量PCR为9349上一交易日持仓量PCR为9464创业板ETF期权成交量PCR为7558上一交易日成交量PCR为6324持仓量PCR为5151上一交易日持仓量PCR为5311深证100ETF期权成交量PCR为14670上一交易日成交量PCR为9708持仓量PCR为8038上一交易日持仓量PCR为7943上证50股指期权成交量PCR为7474上一交易日成交量PCR为6498持仓量PCR为4550上一交易日持仓量PCR为5065上证50ETF期权2023年03月平值期权隐含波动率为1825标的30交易日历史波动率为1535上交所300ETF期权2023年03月平值期权隐含波动率为1807标的30交易日历史波动率为1453深交所300ETF期权2023年03月平值期权隐含波动率为1777标的30交易日历史波动率为1456沪深300指数期权2023年04月平值期权隐含波动率为1650标的30交易日历史波动率为1488中证1000指数期权2023年04月平值期权隐含波动率为1680标的30交易日历史波动率为1457上交所中证500ETF期权2023年03月平值期权隐含波动率为1830标的30交易日历史波动率为1247深交所中证500ETF期权2023年03月平值期权隐含波动率为1656标的30交易日历史波动率为1250创业板ETF期权2023年03月平值期权隐含波动率为2280标的30交易日历史波动率为1458深证100ETF期权2023年03月平值期权隐含波动率为2011标的30交易日历史波动率为1521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04月平值期权隐含波动率为1798标的30交易日历史波动率为1552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50004520001800450041600400014003512003500100030003800250060025400200020015002010002021-02-012021-03-082021-04-062021-05-072021-06-042021-08-022021-08-302021-09-292021-11-032021-12-012022-01-272022-03-032022-03-312022-05-052022-06-022022-07-292022-08-262022-09-262022-10-312023-01-312023-02-282021-01-042021-07-052021-12-292022-07-012022-11-282022-12-262021-02-012021-03-082021-04-062021-06-042021-07-052021-08-022021-09-292021-11-032021-12-012022-01-272022-03-032022-03-312022-06-022022-07-012022-08-262022-09-262022-10-312022-12-262023-01-312023-02-282021-01-042021-05-072021-08-302021-12-292022-05-052022-07-292022-11-28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7000000140004500000160006000000120004000000140003500000500000010000120003000000100004000000800025000002000000800030000006000600020000001500000400010000004000100000020005000002000000000002021-01-042021-03-162021-04-192021-06-282021-07-292021-10-122021-11-122022-01-182022-02-252022-05-092022-06-102022-08-152022-09-162022-11-282022-12-292023-03-132021-02-042021-05-252021-08-312021-12-152022-03-302022-07-132022-10-262023-02-082021-01-042021-02-042021-04-192021-05-252021-07-292021-08-312021-11-122021-12-152022-02-252022-03-302022-06-102022-07-132022-08-152022-09-162022-10-262022-11-282022-12-292023-02-082023-03-132021-03-162021-06-282021-10-122022-01-182022-05-09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62000500018004500551600140040005120035001000300045800250060044002000200150035010002021-03-082021-04-062021-05-072021-06-042021-08-302021-09-292021-11-032021-12-012021-12-292022-03-312022-05-052022-06-022022-07-012022-09-262022-10-312022-11-282022-12-262021-02-012021-03-082021-04-062021-06-042021-07-052021-08-302021-09-292021-11-032021-12-292022-01-272022-03-032022-05-052022-06-022022-08-262022-09-262022-11-282022-12-262023-01-312021-01-042021-02-012021-07-052021-08-022022-01-272022-03-032022-07-292022-08-262023-01-312023-02-282021-01-042021-05-072021-08-022021-12-012022-03-312022-07-012022-07-292022-10-312023-02-28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50000001400030000001600014000400000012000250000010000120002000000100003000000800015000008000200000060001000000600040001000000400020005000002000000000002021-02-042021-03-162021-05-252021-06-282021-08-312021-10-122021-12-152022-01-182022-02-252022-03-302022-06-102022-07-132022-09-162022-10-262022-12-292023-02-082021-01-042021-04-192021-07-292021-11-122022-05-092022-08-152022-11-282023-03-132021-02-042021-03-162021-05-252021-06-282021-08-312021-10-122021-11-122021-12-152022-01-182022-02-252022-03-302022-05-092022-06-102022-08-152022-09-162022-11-282022-12-292023-03-132021-01-042021-04-192021-07-292022-07-132022-10-262023-02-08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600040045003505500400030035002505000300020045001502500200040001005015003500010002021-02-012021-03-082021-04-062021-06-042021-07-052021-08-302021-09-292021-11-032021-12-292022-01-272022-03-032022-05-052022-06-022022-08-262022-09-262022-11-282022-12-262023-01-312021-01-042021-05-072021-08-022021-12-012022-03-312022-07-012022-07-292022-10-312023-02-282021-01-042021-03-102021-04-092021-05-132021-06-112021-08-112021-09-092021-10-192021-11-172022-01-172022-02-222022-03-232022-04-252022-06-282022-07-272022-08-252022-11-302022-12-292023-02-062021-02-022021-07-132021-12-162022-05-272022-09-262022-11-012023-03-07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8000002000060000016000700000500000140006000001500012000500000400000100004000001000030000080003000002000006000200000500040001000001000002000000000002021-01-042021-03-162021-04-192021-05-252021-06-282021-07-292021-08-312021-11-122022-01-182022-03-302022-05-092022-06-102022-07-132022-08-152022-09-162022-11-282023-02-082023-03-132021-02-042021-10-122021-12-152022-02-252022-10-262022-12-292021-01-042021-02-042021-03-162021-04-192021-06-282021-08-312021-11-122021-12-152022-02-252022-05-092022-07-132022-08-152022-10-262022-12-292023-03-132021-05-252021-07-292021-10-122022-01-182022-03-302022-06-102022-09-162022-11-282023-02-08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股指期权沪深300股指期权6000003503500300550000300025050000020025004500001502000100400000150005035000000010002021-02-012021-03-082021-04-062021-06-042021-07-052021-08-302021-09-292021-11-032021-12-292022-01-272022-03-032022-05-052022-06-022022-08-262022-09-262022-11-282022-12-262023-01-312021-01-042021-05-072021-08-022021-12-012022-03-312022-07-012022-07-292022-10-312023-02-282021-01-042021-03-122021-04-142021-06-212021-07-212021-08-202021-11-012021-12-012022-02-092022-03-112022-05-192022-06-212022-08-222022-09-222022-10-312022-12-302023-02-082021-02-032021-05-192021-09-232021-12-312022-04-142022-07-212022-11-302023-03-10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股指期权沪深300股指期权400000140003000001400035000012000250000120003000001000010000250000200000800080002000001500006000600015000010000010000040004000500002000500002000000000002021-01-042021-02-042021-03-162021-04-192021-06-282021-08-312021-11-122021-12-152022-02-252022-05-092022-07-132022-08-152022-10-262022-12-292023-03-132021-05-252021-07-292021-10-122022-01-182022-03-302022-06-102022-09-162022-11-282023-02-082021-01-042021-03-162021-04-192021-05-252021-06-282021-07-292021-08-312021-11-122022-01-182022-03-302022-05-092022-06-102022-07-132022-08-152022-09-162022-11-282023-02-082023-03-132021-02-042021-10-122021-12-152022-02-252022-10-262022-12-29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股指期权中证1000股指期权7500002503500700000200300065000015025006000001002000550000050150050000000010002022-08-112022-08-222022-08-312022-09-092022-09-212022-09-302022-10-182022-10-272022-11-072022-11-162022-11-252022-12-062022-12-152022-12-262023-01-052023-01-162023-02-012023-02-102022-07-222022-08-022023-02-212023-03-022023-03-132022-07-222022-08-012022-08-172022-08-252022-09-022022-09-292022-10-142022-10-242022-11-092022-11-172022-11-252022-12-052022-12-212022-12-292023-01-092023-01-172023-02-092023-02-172023-02-272023-03-152022-08-092022-09-132022-09-212022-11-012022-12-132023-02-012023-03-07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股指期权中证1000股指期权180000160009000014000160000140008000012000140000700001200010000120000100006000010000050000800080000800040000600060006000030000400040000400020000200002000100002000000000002022-07-222022-08-022022-08-112022-08-222022-09-212022-09-302022-10-182022-10-272022-11-162022-11-252022-12-062022-12-152022-12-262023-01-162023-02-012023-02-102023-02-212023-03-022022-08-312022-09-092022-11-072023-01-052023-03-132022-08-022022-08-112022-08-222022-09-092022-09-212022-10-182022-10-272022-11-072022-11-252022-12-062022-12-152023-01-052023-01-162023-02-102023-02-212023-03-022022-07-222022-08-312022-09-302022-11-162022-12-262023-02-012023-03-13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66007002800640060026002400620050022006000400200018005800300160056002001400120054001001000520008002022-09-262022-10-102022-10-242022-10-312022-11-142022-11-212022-12-052022-12-122022-12-262023-01-032023-01-172023-01-312023-02-142023-02-212023-02-282023-03-072023-03-142022-09-192022-10-172022-11-072022-11-282022-12-192023-01-102023-02-072022-09-262022-10-102022-10-242022-10-312022-11-142022-11-212022-11-282022-12-052022-12-122022-12-192022-12-262023-01-032023-01-102023-01-172023-01-312023-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