What was difference between options and future?

Question

Accepted Answer

Options give the right but not the obligation to buy or sell an asset at a predetermined price, while futures require the buyer or seller to fulfill the contract at a specific date and price.

Options provide flexibility to the buyer as they can choose whether or not to exercise the option, while futures require the buyer or seller to fulfill the contract.
Options have a premium that the buyer pays to the seller for the right to buy or sell the asset, while futures do not have a premium.
Options have a limited lifespan, while futures have a specific expiration date.
Examples of options include call and put options, while examples of futures include stock futures and commodity futures.

Accepted Answer

An option gives the customer the right, but no longer the duty, to buy (or sell) an asset at a specific price at any time at some point of the life of the agreement. A futures contract obligates the customer to purchase a specific asset, and the seller to sell and deliver that asset, at a particular destiny date.

What was difference between options and future?

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