The futures option contract was introduced by Chicago Board of Trade in June, when 1982+00 began to trade treasury futures options. Initially implemented as a government pilot project, the success of this contract led to the option trading of agricultural products and other financial futures contracts. Option provides a choice, and the option purchaser has the right but no obligation to buy and sell a specific commodity (whether it is an entity's daily necessities, securities or futures contracts) at a certain price within a certain period of time in order to get paid. Only the option seller undertakes the obligation of futures trading. Like futures, options provide price protection for price changes. In addition, options or their combination with futures have a variety of trading options, which makes them attractive to many investors.

Too few points.