Customise your Trade(F&O)

A futures contract (more colloquially, futures) is a standardized forward contract, a legal agreement to buy or sell something at a predetermined price at a specified time in the future. The asset transacted is usually a commodity or financial instrument and the transaction is usually done on the trading floor of a futures exchange. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future — which is when delivery and payment occur — is known as the delivery date. Because it is a function of an underlying asset, a futures contract is a derivative product.A caution deposit is collected by the exchange as margin money to avoid defaults and marked to accounts of the trader on day to day basis as per the swing of maket price i.e MTM.
An option is a contract which gives the buyer (the owner or holder of the option) the right, but not the obligation, to buy or sell an underlying asset or instrument at a specific strike price on a specified date, depending on the form of the option. The strike price may be set by reference to the spot price (market price) of the underlying security or commodity on the day an option is taken out, or it may be fixed at a discount in a premium. The seller has the corresponding obligation to fulfill the transaction—to sell or buy—if the buyer (owner) “exercises” the option. An option that conveys to the owner the right to buy at a specific price is referred to as a call; an option that conveys the right of the owner to sell at a specific price is referred to as a put. F&O can be traded on intraday.