{"id":45196,"date":"2023-03-23T15:59:20","date_gmt":"2023-03-23T14:59:20","guid":{"rendered":"https:\/\/staging.captrader.com\/glossar\/futures-optionen\/"},"modified":"2024-03-27T15:09:57","modified_gmt":"2024-03-27T14:09:57","slug":"futures-options","status":"publish","type":"glossar","link":"https:\/\/www.captrader.com\/en\/glossar\/futures-optionen\/","title":{"rendered":"Futures options"},"content":{"rendered":"

Futures are forward contracts tradable on numerous different underlyings (stock indices, energy commodities, agricultural commodities, bonds, currencies, etc.) and are used by private traders in particular for speculative purposes. On futures and options exchanges, it is also possible to Options on the main futures<\/strong> which significantly increases the number of strategies that can be traded. In this article you will learn what futures options are and what their special features are.<\/p>\n\n\n\n

What is a futures option?<\/h2>\n\n\n\n

The buyer of a futures option acquires the right to buy (call option) or sell (put option) a specific underlying futures contract at a specific price (strike price). The option seller receives from the option buyer the Option premium<\/a> and in return undertakes to buy (put) or sell (call) the future if the option buyer exercises his right and exercises the option.<\/p>\n\n\n\n

Special features of futures options<\/h3>\n\n\n\n

Futures options can basically be traded in the same way as Options<\/a> on shares, ETFs or indices. In the following, we will go into some of the special features of futures options.<\/p>\n\n\n\n

\"CapTrader_Futures
Futures options have different multipliers. In the contract details you will find information regarding multiplier, settlement method, exercise style, etc.<\/figcaption><\/figure>\n\n\n\n

Multiplier<\/h3>\n\n\n\n

Futures are leveraged instruments. A futures contract always refers to a defined quantity of the underlying (e.g. 1000 barrels of crude oil). Futures options have the same multiplier as the underlying futures contract.<\/p>\n\n\n\n

Since each futures contract moves a different amount of a particular commodity, futures options have different multipliers<\/strong>. You can read the respective multiplier in the contract details of the respective option.<\/p>\n\n\n\n

Settlement method<\/h3>\n\n\n\n

The underlying of a futures option is the respective futures contract. If physical settlement occurs, it is not the commodity itself that is bought or sold, but the corresponding future.<\/p>\n\n\n\n

Most futures options are physical<\/strong> settled; however, there are also those that are settled in cash.<\/p>\n\n\n\n

Exercise style<\/h3>\n\n\n\n

The majority of futures options are American style options<\/strong>. I.e. the option buyer can exercise his right to exercise the option during the entire term of the option. As there are also exceptions, in case of doubt you can read the exercise style in the contract details of the option.<\/p>\n\n\n\n

FAQ - Frequently asked questions about futures options<\/h2>","protected":false},"author":7,"featured_media":0,"template":"","class_list":["post-45196","glossar","type-glossar","status-publish","hentry"],"acf":{"blog_summary":"","blog_faq_schalter":"ja","faq_uberschrift":"","blog_faq_loop":[{"blog_faq_question":"Was sind Futures-Optionen?","blog_faq_answer":"Futures-Optionen sind Kauf- oder Verkaufsoption, deren Underlying ein Futures-Kontrakt ist. Futures-Optionen werden h\u00e4ufig von spekulativ orientierten Tradern genutzt und k\u00f6nnen in Kombination mit\u00a0Futures\u00a0oder weiteren Optionskontrakten eingesetzt werden."},{"blog_faq_question":"Was sind Index-Optionen?","blog_faq_answer":"Eine Indexoption ist eine Kauf- oder Verkaufsoption, deren Underlying ein (Aktien-)index ist. Als H\u00e4ndler k\u00f6nnen Sie Indexoptionen sowohl kaufen als auch verkaufen. Indexoptionen k\u00f6nnen zur Absicherung eines Aktienportfolios oder zu spekulativen Zwecken eingesetzt werden."},{"blog_faq_question":"Was sind Aktienoptionen?","blog_faq_answer":"Eine Aktienoption ist eine Kauf- oder Verkaufsoption, deren Underlying eine Aktie ist. Dabei bezieht sich eine\u00a0Option\u00a0in der Regel auf eine St\u00fcckzahl von 100 Aktien. Aktienoptionen k\u00f6nnen sowohl gekauft als auch verkauft werden."},{"blog_faq_question":"Was sind Optionen?","blog_faq_answer":"Optionen\u00a0sind Terminkontrakte, genauer gesagt bedingte Terminkontrakte. Das bedeutet, nur ein Kontrahent hat eine Erf\u00fcllungspflicht, w\u00e4hrend der andere ein Wahlrecht besitzt. Es gibt Kauf-Optionen \u2013 sog.\u00a0Call-Optionen<\/a>\u00a0(kurz: Calls) \u2013 sowie Verkaufsoptionen \u2013 sog.\u00a0Put-Optionen<\/a>\u00a0(kurz: Puts)."},{"blog_faq_question":"Welche Faktoren beeinflussen den Preis einer Option?","blog_faq_answer":"Der Preis einer Option (Optionspr\u00e4mie) entsteht durch Angebot und Nachfrage und wird vom Preis des Underlyings bzw. der\u00a0Moneyness\u00a0beeinflusst, sowie von der\u00a0impliziten Volatilit\u00e4t<\/a>, der Restlaufzeit und dem Zinsniveau."}]},"_links":{"self":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar\/45196","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/glossar"}],"about":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/types\/glossar"}],"author":[{"embeddable":true,"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/users\/7"}],"wp:attachment":[{"href":"https:\/\/www.captrader.com\/en\/wp-json\/wp\/v2\/media?parent=45196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}