1, they have different themes. Simply put, the subject matter of financial futures can be the subject matter of financial options, and vice versa. In other words, the subject matter of financial futures cannot be options, but the subject matter of financial options can be futures.

2. The rights and obligations of investors are different, and both buyers and sellers of financial futures should exercise their rights and obligations according to the contract. The buyer of the option has only power but no obligation, and the seller has only obligation but no right.

3. The performance guarantees of the two companies are different. Both buyers and sellers of financial futures should open margin accounts and pay the margin. In financial futures, only the seller needs to pay the deposit in accordance with the regulations, so as to ensure that he can perform the contract as agreed.

4. The cash flow of the two is different. The relationship between buyers and sellers of financial futures is not cash delivery, but daily settlement, and the balance of the profit-making account will increase and the balance of the loss-making account will decrease. When the option contracts is concluded, the buyer must pay the option fee to the seller, and then no cash fee will be incurred before the performance period.

The profit and loss characteristics of the two companies are different. The profit and loss of both sides of financial futures depends on the range of price changes, and neither party has the right to breach the contract or demand early or late delivery. Whether the option contract is executed depends on the buyer's wishes, and the buyer can control his losses to a considerable extent!