How can you diversify your portfolio beyond stocks and mutual funds? Have you heard about Futures and options? They are two types of contracts that allow you to speculate on the future price movements of various assets, such as stocks, indices, commodities, currencies, and more. They also enable you to protect your investments from adverse price fluctuations by locking in a predetermined price and date for buying or selling the underlying asset. But what are the key difference between futures and options, futures and options example and which one should you choose?