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A futures contract is an agreement between two parties to buy or sell a specified quantity and quality of an asset at a certain time in the future, at a price agreed upon at the time of entering into the contract on the futures exchange.


An Option gives the right but not the obligation to the option owner, to buy or sell an underlying asset at a specific price at a specific time period in the future. There are two basic types of Options.

However, the exchange reserves the right to declare any other trading day as a holiday, other than the ones specified above or open the market on days originally declared as holidays, as it deems fit.

A call option is an option contract that gives the owner of the option, the right, but not the obligation to buy the underlying asset on a specific date and at a specific price.
 
A put option is an option contract that gives the option owner the right, but not the obligation to sell the underlying asset on a specific date and at a specific price.
 
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