An option is a derivative contract that gives the holder the right, but not the obligation, to buy or sell an asset by a certain date at a specified price.| Corporate Finance Institute
A futures contract is an agreement to buy or sell an underlying asset at a later date for a predetermined price.| Corporate Finance Institute
LEAPS (Long-Term Equity Anticipation Security) are options for terms that are longer than those of the most common options on equities and indices.| Corporate Finance Institute
