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What is the difference between Futures and Options?

Futures Options
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What is the difference between Futures and Options?

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The main difference between options and futures is described below: Options contract gives the buyer the right, but not the obligation to buy (or sell) the underlying asset (stock, Index etc) at a specified price at any time during the life of the contract On the other hand futures contract gives the buyer the obligation to buy underlying asset (index, stock etc) at a specified price at any time during the life of the contract

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