Silver futures hit the limit up, with a small amount of deep real value call options hitting the limit up

On April 8th, Jinshi Futures reported that Guotai Junan Futures commented that Shanghai silver futures were affected by overseas and bullish sentiment, and rose the limit in the morning. Option contracts that followed the limit up of futures contracts had some deeply inflated call options with exercise prices of 6200 and below, but they were not closed< 1 Due to the lack of liquidity in deep undervalued options, as of the morning close, only 16 AG2406C6200 and 1 AG2406C6100, as well as 10 AG2406C5900, have achieved trading on the limit up. The limit up and down range of an option contract is numerically the same as the limit up and down range of the underlying futures contract. Taking today's silver option limit up range as an example, since today's silver futures limit up range is 466 yuan, the limit up price of each option contract increases by 466 yuan from yesterday's settlement price. When different period option contracts are traded at the limit up price, the corresponding option premium rate is different. The higher the exercise price, the higher the call option premium rate< 2 The maximum premium rate for call options traded at the limit up price is about 1.16%, and the limit up board has not been sealed, reflecting the cautious attitude of the options market towards the continued increase in premium levels. In addition, the hidden wave has fallen back to a 20% increase after reaching a 27% increase. Currently, the hidden wave of gold options has further widened, reducing the demand for speculative trading using the leverage attribute of silver options.