Futures generally create linear two-sided price exposure, while an option gives its buyer a right—not an obligation—and its value depends on price, time, and implied volatility.
| Futures payoff | Linear |
|---|---|
| Option payoff | Nonlinear |
| Options factor | Time and volatility |
How it works
Futures P&L follows price movement times the multiplier. Option value also reflects strike, expiration, volatility, and Greeks.
- Define the contract and expiration month
- Convert the price move into points and ticks
- Multiply by the contract's verified point or tick value
- Account for fees, liquidity, and risk limits
Worked example
The instruments solve different problems. A two-contract position moving 10 ticks changes by 20 total contract-ticks. The dollar result equals those contract-ticks multiplied by the product's tick value.
Risk and common mistakes
Do not compare option premium directly with futures margin; they represent different things.
- Confusing margin with maximum possible loss
- Using the wrong micro or E-mini multiplier
- Ignoring expiration, maintenance breaks, or economic events
- Sizing from desired profit instead of predefined risk
Use the related calculator
Model the contract values and risk with your own inputs before planning a simulated trade.
Open calculator →Frequently asked questions
What is the most important point about futures vs. options?+
Futures generally create linear two-sided price exposure, while an option gives its buyer a right—not an obligation—and its value depends on price, time, and implied volatility.
Is this information personalized financial advice?+
No. ORIVECT Education provides general educational information. Contract selection, leverage, and risk decisions require your own judgment and current official documentation.
Where can I verify the current contract specification?+
Use the official exchange source linked from the relevant ORIVECT market reference page. Trading hours, margin, and holiday schedules can change.