The invention relates to a puffing feed for carassius auratus gibelio and a preparation method of the puffing feed, and belongs to the technical field of feeds for aquatic products. The puffing feed comprises the following components (in parts by weight): 8-12 parts of fish meal, 3-5 parts of 46% soybean meal, 15-20 parts of 46% cottonseed meal, 5-10 parts of rapeseed meal, 5-10 parts of fermented rapeseed meal, 8-15 parts of wheat, 5-10 parts of rice bran, 5-10 parts of a vinasse protein feed, 5-10 parts of meat powder, 2-3.5 parts of soybean oil, 1.5-2 parts of bentonite, 1.5-3 parts of calcium dihydrogen phosphate, 0.3-0.5 part of table salt and 1.0-2.5 parts of a premix. The puffing feed is prepared through the following steps of concocting the raw materials, transferring the concocted materials into an extruding, puffing and granulating machine so as to obtain granular puffing feeds, drying the puffed materials, spraying the soybean oil, cooling the puffed materials sprayed with the soybean oil, grading the cooled puffed feeds, weighing finished products, and loading the weighed finished products into bags. The puffed feed for carassius auratus gibelio, disclosed by the invention, is rich in nutrition, stable in water and high in utilization rate, the water pollution is reduced, the growth speed of the carassius auratus gibelio is high, and the disease resistance is high.