Option contract code is a kind of code, which is expressed by variety+month+call/put option+strike price.

Option contract code: variety+month+call/put option+strike price. Call option and put option are represented by c and p respectively. C is the first letter of English call option for buying options, and P is the first letter of English put option for selling options.

Generally speaking, futures are futures contracts. According to the contract, a trader can buy or sell a certain amount of a commodity or financial asset at a specified price at a certain time in the future, and its main function is to prevent the risk of price changes. Futures are different from spot. Spot is a real tradable commodity. Futures are standardized tradable contracts based on some popular products, such as cotton, oil and financial assets, such as stocks and bonds. The subject matter can be commodities or financial instruments.