The relationship is as follows: first, both of them are transactions characterized by buying and selling forward standardized contracts; Secondly, in the price relationship, the futures market price has an influence on the final price and premium of the option trading contract. Generally speaking, the final price of option trading is based on the delivery price of forward transactions of similar commodities determined in futures contracts, and the difference between them is an important basis for determining the premium; Third, futures trading is the basis of option trading, and the content of trading is generally the right to buy or sell a certain number of futures contracts. The more developed futures trading is, the more basic options trading is. Therefore, the mature futures market and complete rules create conditions for the emergence and development of option trading. The emergence and development of option trading provide hedgers and speculators with more options for futures trading, thus expanding and enriching the trading content of the futures market; Fourth, futures trading can be short, and traders do not necessarily make physical delivery. Option trading can also be long and short, and the buyer does not have to actually exercise this right, but can also transfer this right as long as it is beneficial. The seller does not have to perform, but he can relieve his responsibility by buying the same option before the option buyer exercises his rights. Fifth, because the subject matter of the option is the futures contract, both the buyer and the seller will get the corresponding future positions when the option is executed.