Mistake. Futures are futures without price discovery and hedging functions. These are just a right to buy and sell. Options also have the functions of price discovery and hedging. Option refers to a contract, which originated in the American and European markets in the late18th century. This kind of contract gives the holder the right to buy or sell assets at a fixed price on or before a certain date. Futures (English: futures) are the subject matter that is being bought and sold now and will be settled or delivered in the future. This subject matter can be gold, crude oil, agricultural products, financial instruments, financial indicators and other commodities. The delivery date of futures can be one week later, one month later, three months later or even one year later.