Futures options are transactions of buying and selling futures contract rights, including commodity futures options and financial options. Generally speaking, options usually refer to spot options and futures options refer to "options for futures contracts". A futures option contract refers to a futures contract that buys or sells a certain number of specific commodities or assets at an agreed price on or before the expiration date. Futures options are based on commodity futures contracts. When the futures option contract is implemented, it is not the commodity represented by the futures contract, but the futures contract itself. If a futures call option is exercised, the holder will get a long position in a futures contract plus a sum of cash, which is equal to the current futures price minus the exercise price. If a futures put option is exercised, the holder will get the short position of the futures contract plus a sum of cash, which is equal to the exercise price minus the current price of the futures. In view of this, futures options rarely deliver futures contracts when they are executed, but only the settlement amount generated by the difference between futures contracts and the agreed price of options.