{"id":23569,"date":"2025-08-22T12:37:28","date_gmt":"2025-08-22T12:37:28","guid":{"rendered":"https:\/\/www.bitnovo.com\/blog\/?p=23569"},"modified":"2025-10-17T07:24:23","modified_gmt":"2025-10-17T07:24:23","slug":"options-contracts-vs-futures-contracts","status":"publish","type":"post","link":"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts","title":{"rendered":"Options Contracts vs. Futures Contracts"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Alternar tabla de contenidos\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#defining_options_contracts_and_futures_contracts\" >Defining options contracts and futures contracts<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#how_do_options_contracts_work\" >How do options contracts work?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#how_do_futures_contracts_work\" >How do futures contracts work?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#key_differences_between_futures_and_options\" >Key differences between futures and options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#risks_associated_with_futures_and_options\" >Risks associated with futures and options<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#futures_risks\" >Futures risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#options_risks\" >Options risks<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.bitnovo.com\/blog\/en\/options-contracts-vs-futures-contracts\/#advantages_and_disadvantages_of_futures_and_options\" >Advantages and disadvantages of futures and options<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span><p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The crypto world is blowing up lately and dude, let\u2019s be honest, you\u2019re more lost than my grandma trying to use <a href=\"https:\/\/en.wikipedia.org\/wiki\/Bizum\">Bizum<\/a>. If you want to really crush it 100% you need to know what futures and options are. I mean, unless you want to stay broke your whole life. Come, let me explain a bit how this works. Don\u2019t worry, no weird jargon or Chinese tales here\u2014straight quality, street-smart way to crush it easily.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">I know that if you\u2019re not coming from the trading world, sometimes you feel lost among all those concepts inherited from traditional markets. It\u2019s like entering a cocktail bar where everyone talks in codes, and you can\u2019t even order a beer. Wake up. On this note, today, I feel obligated to use this article to teach you the difference between <strong>options contracts and futures contracts<\/strong>. What can I say? Today I woke up generous.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">To get your thoughts in order, first be clear: we\u2019re facing two concepts that share a lot of characteristics. That\u2019s why both sound the same to you\u2014or straight up Chinese, lol.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">I\u2019ll tell you the peculiarities of each one, but first let\u2019s go with the differences so you stop confusing them.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-25840\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1.jpg\" alt=\"bitnovo_futures-contracts_options-contracts\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1.jpg 2560w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/1-2048x1366.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"defining_options_contracts_and_futures_contracts\"><\/span>Defining options contracts and futures contracts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Alright, speaking simply (not that you\u2019re dumb): futures are like making a pact with your buddy to buy him a concert ticket next week at a fixed price, even if the prices skyrocket. More technically, when we talk about a futures contract, we mean a\u00a0<strong>legal agreement<\/strong>\u00a0to buy or sell an asset at a predetermined price on a specific date in the future.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">In <strong>futures contracts<\/strong>, if you acquire it, you must buy the underlying asset once the deadline is reached. Like when you tell your friend \u201cI\u2019ll get the next round,\u201d and when it comes, you actually have to pay. There\u2019s no turning back.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Options are a different story. It\u2019s like reserving that concert ticket, but with the choice not to go if you get a better plan. You\u2019d just lose the reservation. Options contracts are essentially the acquisition of a \u201cright\u201d to buy or sell an asset before a specific deadline. Meaning, you have the right but not the obligation.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">If you\u2019re the holder of an option, you can sell or buy that asset depending on what you agreed to, but you\u2019re not obligated to, nothing happens if you don\u2019t. But careful, nothing is free here. That cool right not to go is called a premium\u2014and no, not your cousin Lourdes, a premium you pay with money.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-25833\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2.jpg\" alt=\"bitnovo_crypto_derivatives\" width=\"2560\" height=\"1707\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2.jpg 2560w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-300x200.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1024x683.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-768x512.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-1536x1024.jpg 1536w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/2-2048x1366.jpg 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Next on the list:\u00a0<strong>financial derivatives and underlying assets.<\/strong>\u00a0Relax, I won\u2019t give you a quantum physics lecture. Imagine derivatives as betting on a soccer match. Unfortunately, the team isn\u2019t yours, but you bet on their performance. Both contracts (futures and options) fall under the same bag of\u00a0<strong>financial derivatives<\/strong>.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">This type of instrument derives its value from another main asset. That main asset is the\u00a0<strong>underlying asset<\/strong>. What do you want me to say, dude? Some things need to be called by their name. A little technical vocabulary won\u2019t hurt your image. In our case, obviously the underlying asset will be a cryptocurrency, not the loose change you\u2019ve got under your mattress.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Lots of people do this. Just so you get an idea, and sit down first: <a href=\"https:\/\/www.bis.org\/publ\/otc_hy2211.htm\">according to<\/a> the Bank for International Settlements, the notional value of the OTC derivatives market hit $632 trillion by mid-2022. I get dizzy just thinking about it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how_do_options_contracts_work\"><\/span><strong>How do options contracts work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">In short: you pay a small amount of money to have the right, but not the obligation, to buy or sell something later. Like reserving popcorn at the cinema and deciding whether you\u2019ll take it or not. Easy.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter size-full wp-image-25834\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3.jpg\" alt=\"bitnovo_underlying-asset_ethereum-eth\" width=\"2048\" height=\"1536\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/3-1536x1152.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Let\u2019s make it practical. Imagine you\u2019re a <strong>Pro Max trader, and<\/strong>\u00a0you\u2019re totally sure ETH is going to the moon in a few weeks after the Bad Bunny concert. Instead of betting everything, you play smart. You open a\u00a0<strong>call option<\/strong>\u00a0(buy) for ETH above the current value. Reminder: this is not free, and you\u2019ll have to pay some money to have that option.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">When the date approaches, you have two choices:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Execute the position<\/strong> (if ETH is above the strike price)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Don\u2019t execute the position<\/strong> (if it\u2019s not worth it)<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Easy, right? It\u2019s like having an ace up your sleeve. If things go well, you execute. If things go bad, you stay quiet and just lose a little. Now let\u2019s go with <a href=\"https:\/\/www.bancosantander.es\/en\/glosario\/futuro-financiero\">futures<\/a>.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"how_do_futures_contracts_work\"><\/span><strong>How do futures contracts work?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">This is different. Here, if you agree, you pay.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25835\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4.jpg\" alt=\"bitnovo_leverage_risks\" width=\"2048\" height=\"2048\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-300x300.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1024x1024.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-150x150.jpg 150w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-768x768.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/4-1536x1536.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Imagine again you\u2019re a super Pro Max trader, and you\u2019re convinced ETH is going up strongly. So what do you do? You subscribe to a <strong>futures contract<\/strong>\u00a0at a set date with a higher price for Ethereum than it is now.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">It doesn\u2019t matter the price of <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-ethereum-eth-and-how-does-it-work\">Ethereum<\/a> at expiration. You have to buy the number of ETH units you agreed to in the contract. That\u2019s it. And at the fixed price. No excuses, no wiggle room.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Here\u2019s the cool thing: perpetual futures contracts exist, which are like that toxic relationship with your ex\u2014they have no expiration date. These types of contracts are hot right now because they allow leverage over your initial position. But be careful, leverage is like speeding on a motorcycle: it can take you far quickly, or you can crash on the first turn.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"key_differences_between_futures_and_options\"><\/span><strong>Key differences between futures and options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Let me summarize it clearly: futures are for those who bet everything hard, and options are for those who want maneuverability without getting wrecked completely. In one, you pay guaranteed money, in the other you pay a reservation. Let me break it down more:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Obligation vs. right:<\/strong> With an option, you buy a right, period. With futures, you buy an obligation. In options, you can choose, in futures what\u2019s signed is signed.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Settlements:<\/strong>\u00a0In options, settlement only happens if you decide to exercise. In futures, settlement happens daily like Swiss clockwork. Makes sense because you can\u2019t settle something you might not exercise yet. But you can settle daily adjustments on something guaranteed.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Margin requirements:<\/strong>\u00a0In options, the seller covers the guarantees. You already paid your ticket when you bought. In futures, both parties put guarantees since both are fully committed.<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Loss control:<\/strong>\u00a0Most options expire worthless, but at least losses are limited to the premium you paid. In futures, losses are practically unlimited. Watch out.<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23570 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1.jpg\" alt=\"bitnovo_crypto_perpetual-futures\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/Opciones-1-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"risks_associated_with_futures_and_options\"><\/span><strong>Risks associated with futures and options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Heads up, this isn\u2019t an amusement park. You either make a lot of money or end up with nothing. Futures are pure adrenaline, and you might lose the shirt off your back, options are a bit more of controlled posturing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"futures_risks\"><\/span><strong>Futures risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">I\u2019ve already said it, but in case your memory is as limited as the flexibility in futures: FUTURES HAVE NO LOSS LIMIT. It\u2019s like betting your team wins by a landslide and still paying double if they lose. Plus, leverage can exponentially multiply either profits or losses.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"options_risks\"><\/span><strong>Options risks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Here, risk is lighter. At most, you lose the premium you paid, like buying a raffle ticket and not winning anything. But beware: premiums can be expensive. And if you\u2019re clueless, you can lose 100% of your initial investment.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Also, keep your eyes open with volatility. It\u2019s your friend and your enemy. It can make your option worth gold or expire worthless like an expired discount coupon.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25837\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6.jpg\" alt=\"bitnovo_futures-options_differences\" width=\"2048\" height=\"1536\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6.jpg 2048w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-300x225.jpg 300w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1024x768.jpg 1024w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-768x576.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/6-1536x1152.jpg 1536w\" sizes=\"(max-width: 2048px) 100vw, 2048px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"advantages_and_disadvantages_of_futures_and_options\"><\/span><strong>Advantages and disadvantages of futures and options<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Futures are all or nothing:<\/strong><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Advantages:<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Brutal<\/strong> <strong>leverage<\/strong> to maximize profits<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>High liquidity<\/strong> (enter and exit whenever you want)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Lower<\/strong> costs (no premium payment)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Perfect for hedging strategies<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Disadvantages<\/strong>:<\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Unlimited risk<\/strong>\u2014you can lose more than you invest<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Daily settlements<\/strong> may catch you at a bad moment (not just when you\u2019re on the toilet)<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Less flexibility<\/strong>, you\u2019re committed until the end<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Options are more flexible\u2014but at a cost:<\/strong><\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Advantages:<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Limited risk<\/strong>\u2014you only lose the premium<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Total flexibility<\/strong> as you move only if it suits you<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Ideal for <strong>speculating<\/strong> with volatility<\/li>\n<\/ul>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Disadvantages:<\/strong><\/p>\n<ul>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Premium can be expensive, especially in volatile markets<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Lower<\/strong> <a href=\"https:\/\/www.bitnovo.com\/blog\/en\/what-is-leverage-in-trading\">leverage<\/a> than futures<\/li>\n<li class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">You might not strike it big<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-23571 size-full\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2.jpg\" alt=\"bitnovo_daily-settlement_option-premium\" width=\"768\" height=\"526\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2.jpg 768w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/portada-2-300x205.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">Futures are cool if you came to play and have the stomach for risk. But remember, you can also be left broke. Options give you flexibility and less stress, but maybe <strong>not huge winnings.<\/strong><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">The good news is that you always decide if you want to play safe or go full risk. The important thing is always act knowingly, and never with money you can\u2019t afford to lose.<\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\">If you\u2019ve made it this far and didn\u2019t scroll TikTok in between, you should now be able to distinguish between futures and options. If not, <strong>grab a beer<\/strong> and reread it, maybe it sticks better.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-25839\" src=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8.jpg\" alt=\"bitnovo_futures-options_risks\" width=\"765\" height=\"576\" srcset=\"https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8.jpg 765w, https:\/\/www.bitnovo.com\/blog\/wp-content\/uploads\/2025\/08\/8-300x226.jpg 300w\" sizes=\"(max-width: 765px) 100vw, 765px\" \/><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>Disclaimer:<\/strong><\/p>\n<p class=\"my-2 [&amp;+p]:mt-4 [&amp;_strong:has(+br)]:inline-block [&amp;_strong:has(+br)]:pb-2\"><strong>This content is purely educational and should not be understood as investment advice.<\/strong> <a href=\"http:\/\/www.bitnovo.com\/\">Bitnovo<\/a> does not provide personalized financial advice. All investments involve risks, so we recommend you get informed and, if necessary, consult a professional financial advisor before making decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Tiempo de lectura:<\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">minutos<\/span><\/span>One of the most common questions for traders: what is the difference between an options contract and a futures contract? Here is the answer.<\/p>\n","protected":false},"author":12,"featured_media":14741,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[165],"tags":[],"class_list":["post-23569","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrencies"],"_links":{"self":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/comments?post=23569"}],"version-history":[{"count":14,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23569\/revisions"}],"predecessor-version":[{"id":25865,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/posts\/23569\/revisions\/25865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media\/14741"}],"wp:attachment":[{"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/media?parent=23569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/categories?post=23569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bitnovo.com\/blog\/wp-json\/wp\/v2\/tags?post=23569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}