First of all, the rights and obligations of options buyers and sellers are not equal, while the rights and obligations of futures buyers and sellers are equal. Buyers and sellers of futures must deliver at the settlement price on the maturity date, and there is no possibility of giving up delivery. Unlike futures, option trading rights. The buyer obtains the corresponding rights after paying the patent fee, but does not undertake to perform the obligations; When selling the right to collect royalties, the seller shall bear the obligation to perform the contract.
Extended data
The risk-return characteristics of options and futures are different. There is a nonlinear relationship between the profit and loss of options and the rise and fall of underlying assets, and there is no definite proportional relationship between them; There is a certain proportional relationship between the profit and loss of futures and the rise and fall of underlying assets.
Third, the margin system of options and futures is different. Option buyers obtain rights by paying royalties but do not undertake performance obligations, so there is no risk of option performance and there is no need to pay a deposit; Option sellers collect royalties and undertake performance obligations. In order to ensure the performance of the option contract, they need to pay a deposit. Finally, there are more options contracts than futures contracts.