Option contracts are not directly generated on the basis of futures contracts. Although both options and futures are financial derivatives, they are independent contract types with different characteristics and functions.

A futures contract is a contract for delivery at an agreed price on a specific date in the future. It is listed and traded on the exchange, adopting standardized contract specifications and trading rules. The underlying assets of futures contracts can be commodities (such as gold and crude oil) or financial indicators (such as stock indexes and interest rates). Traders can speculate or hedge by buying and selling futures contracts.

Option contract is a contract that gives the holder the right to buy (call option) or sell (put option) the underlying assets at a specific time and at a specific price. Option contracts are traded on exchanges or over-the-counter markets. Option contracts can be based on a variety of underlying assets, such as stocks, stock indexes, foreign exchange, commodities and so on. It has the characteristics of greater flexibility and personalized customization, and the buyer can choose whether to exercise the option rights.