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1. Sudha Rao   I Like It. |Report Abuse|  Link|November 17, 2008 8:58:58 PMReply
Futures:-A futures is an agreement between 2 parties to buy or sell an assest at a certain time in future at a certain price.

Options :-Option gives a right but not the obligation of buy or sell.
calls-gives the buyer the right but not obligation to buy
Puts -gives the buyer the right but not obligation to sell

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