1. The rights and obligations of buyers and sellers are different: the rights and obligations of both parties in futures trading are the same, and they both bear the possibility of loss and enjoy the possibility of profit. The buyer of the option only enjoys the right, but has no obligation, and his obligation has ended when he pays the royalty when he buys the option. The seller of the option only bears the obligation, and after he receives the royalty, he only has the obligation.
2. The margin requirements are different: both buyers and sellers of futures must pay the margin; For options, only the seller needs to pay the deposit, and the buyer only needs to pay the royalty.
3. The content of the transaction is different: futures trading is to pay some kind of physical object or securities in the future. Option trading is the right to buy and sell a commodity at a specific price in the future. Futures trading must be delivered at maturity, while options can be delivered without delivery, and they can be abandoned and invalidated at maturity.