Futures and option are various ways of trading in the market. We see buy option and put option depending on the study of demand and supply. Furthermore we see different contracts that are available where in the Right and obligation of buyer and seller changes and also the future date and future price .
In Future- There is the obligation of the buyer to buy at a particular specific date. In Options there is the right but no obligation to buy (sell) at a particular price but the seller has the obligation to sell.
We also see difference btw call option: BUY, Put option: Sell
and also cash settlement and physical settlements.