Futures and options are financial instruments that allow investors to speculate on the future price of an asset. Futures are contracts that obligate the buyer to purchase an asset at a set price on a specific date, while options give the buyer the right, but not the obligation, to buy or sell an asset at a set price on or before a specific date.
Buying and selling futures and options can be a complex and risky endeavor, but it can also be a rewarding one. Futures and options can be used to hedge against risk, speculate on price movements, and generate income.